SYSTEM AND METHOD FOR DISPLAYING TRADE INFORMATION FOR ELECTRONIC TRADING EXCHANGE

• US 20140337196A1
• Filed: 04/21/2014
• Published: 11/13/2014
• Est. Priority Date: 05/19/2009
• Status: Active Grant

• Current Assignee: Trading Technologies International, Inc.
• Original Assignee: Trading Technologies International, Inc.
• Inventors: Lane, Richard, Unetich, Michael
• Granted Patent: US 9,741,076 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• 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 system and method for displaying trade information is disclosed. The method includes receiving from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, determining whether the executed trade belongs in an aggregated set with one or more other executed trades. All executed trades in an aggregated set are for the same associated tradable object, have traded at the same associated trade price, and have been executed within a predetermined time period of each other. Aggregated sets are displayed a user display with an associated aggregated quantity, and the remaining executed trades of interest are also displayed. Trades are displayed using an associated indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.

Claims

1. (canceled)

2. A system including:

a computing device,

wherein the computing device is configured to receive a plurality of trade notifications from an electronic exchange, wherein each of the plurality of trade notifications corresponds to an executed trade for a tradeable object, wherein each of the plurality of trade notifications is for the same tradeable object, wherein the electronic exchange sends each of the plurality of trade notifications in response to the electronic exchange matching orders resulting in the corresponding executed trade, wherein each of the plurality of trade notifications includes a trade quantity and a trade price, wherein the trade price is the same for each of the plurality of trade notifications, wherein each of the plurality of trade notifications corresponds to an executed trade on a side for the tradeable object, wherein the side is the same for each of the plurality of trade notifications, wherein the side is one of a buy side and a sell side, wherein the plurality of trade notifications includes a last notification;

wherein the computing device is configured to aggregate the plurality of trade notifications in an aggregated set based on the trade price included in each trade notification;

wherein the computing device is configured to provide an aggregated trade indicator representing the aggregated set, wherein the aggregated trade indicator represents the sum of the trade quantities of the plurality of trade notifications at the trade price of the plurality of trade notifications;

wherein the computing device is configured to determine, in response to receiving the last notification, whether no quantity remains on the side for the tradeable object at the trade price of the last notification by comparing the trade quantity of the last notification and a total quantity available on the side for the tradeable object at the trade price of the last notification before receiving the last notification; and

wherein the computing device is configured to provide a no quantity remains indicator representing that no quantity remains on the side for the tradeable object at the trade price of the last notification in response to determining that no quantity remains, wherein the no quantity remains indicator is provided by one of;

(i) as part of the aggregated trade indicator and (ii) in relation to the aggregated trade indicator.

3. The system of claim 2, wherein the computing device includes a server.

4. The system of claim 2, wherein the computing device includes a hand-held device.

5. The system of claim 2, wherein the computing device includes a display.

6. The system of claim 2, wherein providing the no quantity remains indicator includes displaying a visual indicator.

7. The system of claim 6, wherein the visual indicator includes a color.

8. The system of claim 2, further including generating an audio indicator when the no quantity remains indicator is provided.