Method and apparatus for displaying market depth and other information on a mobile phone, handheld device, or computer system

• US 9,792,650 B2
• Filed: 10/05/2012
• Issued: 10/17/2017
• Est. Priority Date: 10/02/2009
• Status: Active Grant

• Current Assignee: Tradecapture OTC Corporation
• Original Assignee: Tradecapture OTC Corporation
• Inventors: Annunziata, Vincent P., Ehrlich, David, Summermatter, Paul, Hermanson, Eric M., Rowland, John
• Primary Examiner(s): Abdi, Kambiz
• Assistant Examiner(s): Cranford, Michael
• Application Number:
  US13/645,624
• Publication Number:
  US 20130030979A1
• Time in Patent Office: 1,838 Days
• Field of Search: 705 37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

An exemplary system according to the present disclosure comprises a server system (comprising one or more computing devices) that is in communication with one or more financial exchange systems and one or more data source computer devices (e.g., news sources). Also in communication with the server system are one or more mobile communication devices. The server system comprises a memory and a processor executing software that enables the server system to receive live market data and information from one or more of the financial exchange systems and the data source computer devices; aggregate and filter the data and information; according to one or more pre-set user preferences and/or one or more user-initiated commands; and transmit the aggregated/filtered data and information to one or more mobile communication devices via one or more live data feeds. The mobile communication device displays aggregated/filtered information in a single, interactive GUI.

Claims

1. A mobile communication device comprising:

a transmitter configured to transmit data, messages, and commands;

a receiver configured to receive data transmissions and information, including via one or more live data feeds;

one or more input devices for receiving user inputs;

a display screen; and

a processor executing software that causes said communication device to generate and display a first interactive graphical user interface (GUI) on said display screen,

said first interactive GUI simultaneously displaying live market data and information received via at least one of said live data feeds in the form of;

a dynamic market window displaying user-selected multimedia content,

live market statistics, and

at least one execution icon that when selected, invokes said communicating device to generate and transmit a transaction execution command.

2. The mobile communication device of claim 1, wherein the one or more input devices comprises the display screen, said display screen being a touch-screen configured to process and interpret a user'"'"'s contact with said display screen as user inputs.

3. The mobile communication device of claim 1, further comprising a filter means that filters the live market data and information displayed by said first interactive GUI according to a user-selected commodity/trading period combination, said filter means comprising means for invoking the communication device to subscribe or unsubscribe to one or more of said live data feeds, said live data feeds simultaneously providing live market data and information from one or more different sources.

4. The mobile communication device of claim 3, wherein the first interactive GUI further comprises:

one or more commodity selection icons corresponding to one or more commodities;

one or more trading period selection icons corresponding to a one or more trading periods; and

one or more scrolling icons, each for switching between the one or more commodity selection icons or the one or more trading period selection icons;

wherein selection of at least one commodity selection icon and at least one trading period selection icon invokes said filter means.

5. The mobile communication device of claim 1, wherein the first interactive GUI further comprises one or more market window icons, each of which invokes the communication device to display one of a live market depth display comprising a listing of bids and offers, a listing of last traded prices, live news, and live price charts in said dynamic market display window when selected.

6. The mobile communication device of claim 1, wherein the dynamic market display window further comprises a scrolling mechanism for scrolling at least one of vertically and laterally across any of the content displayed in said display window.

7. The mobile communication device of claim 1, wherein the first interactive GUI further comprises at least one of a best bid price display and a best offer price display associated with a user-selected commodity/trading period combination.

8. The mobile communication device of claim 1, wherein the live market statistics comprise one or more of a high price, a low price, a bid quantity for a given price, an offer quantity for a given price, a settlement price, a last traded price, a status indicator, a total traded volume, a daily price change, a commodity name, a trading period, and an open interest associated with a user-selected commodity/trading period combination.

9. The mobile communication device of claim 1, wherein the first interactive GUI further displays a time stamp display showing a time-of-day at which any of the displayed data or information was last updated.

10. The mobile communication device of claim 1, wherein each of said transmitter and receiver are configured for at least one of wired and wireless communications.

11. The mobile communication device of claim 4, wherein the first interactive GUI comprises:

a top portion comprising a first sub-portion displaying the commodity selection icons and a second sub-portion adjacent to said first sub-portion displaying the trading period icons;

a middle portion displaying the live market statistics and two execution icons comprising one sell icon and one buy icon, said sell and buy icons spaced apart from each other on opposed sides of the middle portion; and

a bottom portion displaying the dynamic market display window.

12. The mobile communication device of claim 1, wherein the first interactive GUI further comprises one or more menu icons, each of which corresponds to a different interactive GUI, said menu icons being persistently visible on all of said first and different interactive GUIs.

13. The mobile communication device of claim 12, wherein selecting a first of said menu icons invokes the communication device to generate and display an interactive trading-group GUI that displays one or more trading group icons that correspond to one or more trading groups, each of said trading group icons invoking the communication device to generate and display an interactive market summary GUI associated with a corresponding one of said trading groups when selected.

14. The mobile communication device of claim 13, wherein said trading groups comprise at least one commodity trading group or at least one financial trading group.

15. The mobile communication device of claim 14, wherein the commodity trading groups correspond one or more commodities selected from the group consisting of coal, crude oil, gas &

heat, natural gas, agriculture, metals, and powder.

16. The mobile communication device of claim 14, wherein the financial trading groups correspond to swaps, over-the-counter (OTC) options, and indices.

17. The mobile communication device of claim 13, wherein the interactive market summary GUI displays one of a user-defined market profile, and a list of one or more commodity/trading period combinations together with at least one live market statistic associated with each said commodity/trading period combination.

18. The mobile communication device of claim 17, wherein the interactive market summary GUI comprises a market statistic icon that when selected, invokes the communication device to change at least one of the live market statistics being displayed.

19. The mobile communication device of claim 1, wherein the first interactive GUI further comprises a strength-of-signal indicator showing the strength of a communication link between said communication device and a source of said live data feeds,

wherein if the strength of said communication link falls below a predetermined threshold, said communication device generates and displays an alert message, said alert message comprising a hold icon that when selected, invokes the communication device to place open orders on hold until the strength of said communication link rises above said predetermined threshold.

20. The mobile communication device of claim 12, wherein the menu icons further comprise one or more of an orders icon, a news icon, a headlines icons, an alerts icon, a charts icon and a positions icon.

21. The mobile communication device of claim 20, wherein selecting the orders icon invokes the communication device to generate and display an interactive orders GUI displaying real-time order data that corresponds to trading activities of one or more users or one or more selected trading accounts, said order data comprising open orders, cancelled orders, partially filled orders, and fully filled orders, together with real-time position and profit/loss information.

22. The mobile communication device of claim 20, wherein selecting the headlines icon invokes the communication device to generate and display an interactive headline GUI displaying headline information comprising at least one of user name information, company name information, account details, news, alerts, new bid and offer information, modifications to bids and offers information, cancellations of bids and offers information, and executed trading transaction information, said headline information being displayed according to a user profile.

23. The mobile communication device of claim 22, wherein the headline GUI further comprises at least one execution icon that when selected, invokes said communicating device to generate and transmit a transaction execution command.

24. The mobile communication device of claim 1, wherein selecting the at least one execution icon invokes said communicating device to generate and display an interactive order execution GUI that displays live market data while a user enters buy or sell order data.

25. The mobile communication device of claim 24, further comprising one or more interactive slide bars for adjusting one or more order data details prior to entering a buy or sell order.

26. The mobile communication device of claim 24, wherein the order execution GUI requires entry of a security pin code before accepting a buy or sell order execution command.

27. The mobile communication device of claim 1, further comprising software that when executed generates an interactive over-the-counter (OTC) GUI that simultaneously displays one or more OTC orders, an identity of at least one origin entity of at least one OTC order, contact information of the origin entity posting said at least one OTC order, and a call icon that when selected, invokes the mobile communication device to place a telephone call to at least one origin entity, said at least one origin entity comprising at least one of a broker, a trader, a back-office user, a financial exchange, and a reporter, said one or more OTC orders comprise at least one of a real order, an implied order, a firm order, an indicative order, an order-cancel-order (OCO) order, a linked order, and an order that has been placed on hold.

28. The mobile communication device of claim 1, further comprising memory storing pre-set user preferences.

29. The mobile communication device of claim 28, further comprising a global positioning means, wherein at least one of the pre-set user preferences imposes trading rules and limits according to the geographic location of said mobile communication device.

30. The mobile communication device of claim 29, wherein at least one of the pre-set user preferences generates and displays a warning if a user attempts to execute a transaction that violates, or comes within a predetermined range of violating, pre-set trading rules and limits, said pre-set user preference preventing the execution of transactions that violates any pre-set trading rules or limit.

31. The mobile communication device of claim 29, wherein at least one of the pre-set user preferences automatically links said mobile communication device to one or more additional communication devices, such that updates, settings, and transactions executed on said mobile communication device are automatically reflected on said additional communication devices, and vice versa.

32. The mobile communication device of claim 31, wherein the trading rules and limits imposed on said mobile communication device are different than those imposed on one or more of said linked communication devices.

33. The mobile communication device of claim 28, wherein at least one of the pre-set user preferences requires the user to enter a security pin code prior to placing any order or reviewing open orders or positions.

34. The mobile communication device of claim 1, wherein said mobile communication device comprises one of a mobile telephone, a server, a personal computer (PC), a multimedia device, a mobile hand held device, a personal data assistance (PDA), and a combined computing/communication device.

35. The mobile communication device of claim 31, wherein the additional communication devices comprise at least one of a mobile telephone, a server, a personal computer (PC), a multimedia device, a mobile hand held device, a personal data assistance (PDA), and a combined computing/communication device.

36. The mobile communication device of claim 5, wherein at least one live price chart displayed in the dynamic market display window comprises one or more live price points defining a graph, and wherein selecting one of said live price points together with one of said execution icons invokes the communication device to generate and transmit a transaction execution command for an order at the selected price point.

37. The mobile communication device of claim 1, wherein the live market data and information comprises data and information aggregated from two or more sources, said sources comprising a combination of financial exchange systems and data source computer devices, said first interactive GUI simultaneously displaying said aggregated data and information.

38. The mobile communication device of claim 37, wherein said data source computer devices comprise at least one of a news source computer device and the Internet, said data source computer devices providing at least one of text, images, and video content to said mobile communication device.

39. The mobile communication device of claim 37, wherein the live market data and information comprises bid prices and offer prices aggregated from two or more financial exchange systems, said aggregated bid prices and offer prices relating to a same commodity type, and wherein said aggregated bid prices and offer prices are simultaneously displayed on said first interactive GUI.

40. The mobile communication device of claim 39, wherein the software causes the first interactive GUI to display at least one of the aggregated bid prices and offer prices according to a price rank, wherein higher-ranked prices are displayed ahead of lower-ranked prices.

41. The mobile communication device of claim 21, further comprising means for disabling transaction execution functions for at least one of said users or said selected trading accounts.

42. The mobile communication device of claim 27, wherein said OTC GUI simultaneously displays a full depth of market of said OTC orders, together with real-time futures prices associated with a same commodity/trading period combination.