Graphical user interface related to non-standard trading of financial instruments

• US 9,858,618 B2
• Filed: 08/12/2013
• Issued: 01/02/2018
• Est. Priority Date: 09/11/2003
• Status: Expired due to Term

• Current Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: Heaton, Timothy H.
• Primary Examiner(s): Shrestha, Bijendra K
• Application Number:
  US13/964,235
• Publication Number:
  US 20140052600A1
• Time in Patent Office: 1,604 Days
• 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

A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.

Claims

1. A method for facilitating electronic trading over a communication network between interfaces of computing devices, the method comprising:

displaying by at least one processor on a display device a graphical user interface of a computing device of a user, wherein the graphical user interface includes an order price for a first non-standard settlement position for a financial instrument and an order price for a second non-standard settlement position for the financial instrument,

wherein the order price for the first non-standard settlement position is based at least in part on (i) a first cost of borrowing the financial instrument for a first duration of time and (ii) at least one market price for the financial instrument, and

wherein the order price for the second non-standard settlement position is based at least in part on (i) a second cost of borrowing the financial instrument for a second duration of time and (ii) the at least one market price;

wherein the graphical user interface comprises a first portion and a second portion;

wherein the at least one market price is displayed in the first portion of the graphical user interface and the order price for the first non-standard settlement position and the order price for the second non-standard settlement position are displayed in the second portion of the graphical user interface,

wherein the second portion of the graphical user interface of the computing device of the user is either hidden from a user or displayed to the user together with the first portion of the graphical user interface,

wherein the graphical user interface of the computing device of the user further comprises a button that is selectable by the user,

wherein when the second portion of the graphical user interface of the computing device is hidden from the user, a selection of the button by the user causes the second portion of the graphical user interface of the computing device to be displayed to the user on the display device, and

wherein when the second portion of the graphical user interface of the computing device is displayed to the user, a selection of the button by the user causes the second portion of the graphical user interface of the computing device to be hidden from the user on the display device; and

wherein the displayed at least one market price for the financial instrument, the displayed order price for the first non-standard settlement position, and the displayed order price for the second non-standard settlement position are selectable by a user to submit a respective trading order for the financial instrument, the first non-standard settlement position, and the second non-standard settlement position;

detecting by the at least one processor a selection of the button of the interface of the computing device by the user;

responsive to detecting the selection of the button by the user, displaying by the at least one processor the second portion of the graphical user interface of the computing device to the user on the display device;

detecting by the at least one processor a selection by the user of the displayed order price for the first non-standard settlement position; and

responsive to detecting the selection of the displayed order price for the first non-standard settlement position, displaying by the at least one processor on the display device a trading interface of the computing device to the user; and

receiving by the at least one processor a request to trade the first non-standard settlement position as a result of the user interacting with the trading interface.

2. The method of claim 1, further comprising displaying on the display device in the graphical user interface information related to the financial instrument that reflects market conditions for the financial instrument.

3. The method of claim 1, wherein the financial instrument is an interest-rate related instrument.

7. The method of claim 1, wherein the at least one market price comprises a bid price for the financial instrument and/or an offer price for the financial instrument.

8. The method of claim 1, wherein the first cost and the second cost are obtained from a Repurchase desk, and wherein the at least one market price is obtained from a cash market.

9. The method of claim 1,

wherein the order price for the first non-standard settlement position comprises a bid price for the first standard settlement position or an offer price for the first standard settlement position;

and

wherein the order price for the second standard settlement position comprises a bid price for the second forward position or an offer price for the second standard settlement position.

4. An apparatus for facilitating electronic trading over a communication network between interfaces of computing devices, the apparatus comprising:

at least one processor; and

a memory electronically coupled to the at least one processor and having a program stored thereon that when executed by the at least one processor, directs the at least one processor to;

display on a display device a graphical user interface of a computing device of a user, wherein the graphical user interface includes an order price for a first non-standard settlement position with respect to a financial instrument and an order price for a second non-standard settlement position with respect to the financial instrument,

wherein the order price for the first non-standard settlement position is based at least in part on (i) a first cost of borrowing the financial instrument for a first duration of time and (ii) at least one market price for the financial instrument, and

wherein the order price for the second non-standard settlement position is based at least in part on (i) a second cost of borrowing the financial instrument for a second duration of time and (ii) the at least one market price;

wherein the graphical user interface of the computing device comprises a first portion and a second portion;

wherein the at least one market price is displayed in the first portion of the graphical user interface and the order price for the first non-standard settlement position and the order price for the second non-standard settlement position are displayed in the second portion of the graphical user interface,

wherein the second portion of the graphical user interface of the computing device is either hidden from a user or displayed to the user together with the first portion of the graphical user interface,

wherein the graphical user interface of the computing device further comprises a button that is selectable by the user,

wherein when the second portion of the graphical user interface of the computing device is hidden from the user, a selection of the button by the user causes the second portion of the graphical user interface of the computing device to be displayed to the user on the display device, and

wherein when the second portion of the graphical user interface is displayed to the user, a selection of the button by the user causes the second portion of the graphical user interface to be hidden from the user on the display device; and

wherein the displayed at least one market price for the financial instrument, the displayed order price for the first non-standard settlement position, and the displayed order price for the second non-standard settlement position are selectable by a user to submit a respective trading order for the financial instrument, the first non-standard settlement position, and the second non-standard settlement position;

detect a selection of the button of the computing device by the user;

responsive to detecting the selection of the button by the user, display the second portion of the graphical user interface to the user on the display device of the computing device;

detect a selection from the interface of the computing device by the user of the displayed order price for the first non-standard settlement position;

responsive to detecting the selection of the displayed order price for the first second non-standard settlement position, display on the display device a trading interface of the computing device to the user; and

receive a request to trade the first non-standard settlement position as a result of the user interacting with the trading interface of the computing device.

5. The apparatus of claim 4, wherein the program, when executed by the at least one processor, further directs the at least one processor to:

display on the display device in the graphical user interface information related to the financial instrument that reflects market conditions for the financial instrument.

6. The apparatus of claim 4, wherein the financial instrument is an interest-rate related instrument.

10. The apparatus of claim 4, wherein the at least one market price comprises a bid price for the financial instrument and/or an offer price for the financial instrument.

11. The apparatus of claim 4, wherein the first cost and the second cost are obtained from a Repurchase desk, and wherein the at least one market price is obtained from a cash market.

12. The apparatus of claim 4,

wherein the order price for the first non-standard settlement position comprises a bid price for the first non-standard settlement position or an offer price for the first standard settlement position;

and

wherein the order price for the second non-standard settlement position comprises a bid price for the second non-standard settlement position or an offer price for the second standard settlement position.