Repositioning of market information on trading screens

• US 9,830,654 B2
• Filed: 08/07/2014
• Issued: 11/28/2017
• Est. Priority Date: 06/30/2003
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Buck, Brian J.
• Primary Examiner(s): Ebersman, Bruce I
• Assistant Examiner(s): POE, KEVIN T
• Application Number:
  US14/454,706
• Publication Number:
  US 20140351114A1
• Time in Patent Office: 1,209 Days
• Field of Search: 705 37
• CPC Class Codes: G06F 3/0482 Interaction with lists of selectable items, e.g. menus
• CPC Class Codes: G06F 3/04842 Selection of displayed objects or displayed text elements G06F3/0482 takes precedence
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

As market conditions descend or ascend an axis of prices, the display of market information is repositioned, at a pre-determined rate if desired, around an item of interest. An item of interest may include the best bid price, the best ask price, the inside market, a moving average, a last traded price, a theoretical value, the result of an equation, or some other item of interest to the trader. According to the present embodiments, market information may be displayed in a region relative to an axis of prices, and when an event occurs, a repositioning signal is initialized causing the axis to be repositioned such that the item of interest is positioned at a pre-determined location in the region. The price axis can be repositioned at a fixed rate or at a dynamically variable rate.

Claims

1. A trading device comprising:

a market data interface configured to electronically receive market information from an electronic exchange;

an electronic display configured to display a display region for a plurality of axially aligned price levels determined from the market information and to display an item of interest along the plurality of axially aligned price levels according to a value of the item of interest determined from the market information; and

an electronic processor coupled with the electronic display and configured to cause the electronic display to;

initiate repositioning of the plurality of axially aligned price levels to a first set of axially aligned price levels in response to receiving a first change in the value of the item of interest based on the market information, and

in response to receiving a second change in the value of the item of interest received with the market information subsequent to the first change in the value of the item of interest, and subsequent to initiating and prior to completing repositioning of the plurality of axially aligned price levels to the first set of axially aligned price levels, reposition the plurality of axially aligned price levels based on the value of the item of interest to a second set axially aligned price levels, the first set of axially aligned price levels being different than the second set of axially aligned price levels.

2. The trading device of claim 1 where subsequent to repositioning the plurality of axially aligned price levels to the second set of axially aligned price levels, the item of interest is displayed relative to a designated location in the display region.

3. The trading device of claim 1 where the item of interest represents at least one of a best bid price, a best ask price, a moving average of the inside market, and a last traded price.

4. The trading device of claim 1 where the electronic processor is further configured to determine the value of the item of interest according to an equation.

5. The trading device of claim 1 where the item of interest comprises a user-defined indicator.

6. The trading device of claim 1 where electronic processor is further configured to reposition the plurality of axially aligned price levels to the second set of axially aligned price levels to center the item of interest relative to the display region.

7. The trading device of claim 1 where the electronic processor is further configured to reposition the plurality of price levels to the second set of axially aligned price levels at a predetermined rate.

8. The trading device of claim 7 where the predetermined rate comprises speeds between substantially 50 pixels per second and substantially 200 pixels per second.

9. The trading device of claim 7 where the predetermined rate comprises any of a fixed rate and a variable rate.

10. The trading device of claim 7 where the predetermined rate changes based on at least one of the item of interest being repositioned, and a location of the item of interest.

11. The trading device of claim 1, where the electronic processor is further configured to:

cause the electronic display to display an order entry region having a plurality of order entry locations, where each order entry location of the plurality of order entry locations corresponds to at least one of the plurality of axially aligned price levels;

receive a user command via at least one order entry location; and

initiate placement of a trade order responsive to receiving the user command, where the trade order comprises an order price determined according to a price level corresponding to the at least one order entry location.

12. The trading device of claim 11 where the user command comprises a selection of the at least one order entry location via a single action of a user input device.

13. The trading device of claim 12 where the single action comprises any of a single click of the user input device and a double click of the user input device.

14. The trading device of claim 11 where the electronic processor is further configured to set a plurality of order parameters in response to receiving the user command.