Trading tools for electronic trading
First Claim
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1. A method including:
- displaying by a computing device an entered order indicator representing a plurality of entered orders entered by a user at an electronic exchange for a commodity, wherein the plurality of entered orders are for the commodity at a first price level, wherein the entered order indicator is displayed in a first location aligned with an axis corresponding to the first price level;
receiving by the computing device a command from the user that moves the entered order indicator to a second location aligned with the axis;
receiving by the computing device market data indicating that quantity for an order of the plurality of entered orders has been at least partially filled while the command that moves the entered order indicator is being received;
modifying by the computing device an order quantity for at least one new order based on the received market data;
determining by the computing device a second price level based on the second location aligned with the axis in response to receiving the command that moves the entered order indicator;
sending by the computing device a remove command to the electronic exchange to remove the plurality of entered orders for the commodity at the first price level in response to receiving the command that moves the entered order indicator; and
sending by the computing device an enter command to the electronic exchange to enter the at least one new order for the commodity based on the modified order quantity at the determined second price level in response to receiving the command that moves the entered order indicator.
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Abstract
Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader'"'"'s position in the market.
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Citations
19 Claims
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1. A method including:
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displaying by a computing device an entered order indicator representing a plurality of entered orders entered by a user at an electronic exchange for a commodity, wherein the plurality of entered orders are for the commodity at a first price level, wherein the entered order indicator is displayed in a first location aligned with an axis corresponding to the first price level; receiving by the computing device a command from the user that moves the entered order indicator to a second location aligned with the axis; receiving by the computing device market data indicating that quantity for an order of the plurality of entered orders has been at least partially filled while the command that moves the entered order indicator is being received; modifying by the computing device an order quantity for at least one new order based on the received market data; determining by the computing device a second price level based on the second location aligned with the axis in response to receiving the command that moves the entered order indicator; sending by the computing device a remove command to the electronic exchange to remove the plurality of entered orders for the commodity at the first price level in response to receiving the command that moves the entered order indicator; and sending by the computing device an enter command to the electronic exchange to enter the at least one new order for the commodity based on the modified order quantity at the determined second price level in response to receiving the command that moves the entered order indicator. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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Specification