Electronic price different trading tool

A transaction and electronic display technology, applied in the direction of buying and selling/leasing transactions, electrical digital data processing, instruments, etc., can solve problems such as price changes

Inactive Publication Date: 2004-12-01
TRADING TECH INT INC
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

However, to be a true spread trade, there must be some reason to believe that the conditions that cause a price movement in one contract will also cause a price movement in the other contract

Method used

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  • Electronic price different trading tool
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  • Electronic price different trading tool

Examples

Experimental program
Comparison scheme
Effect test

example A

[0090] Example A : As mentioned above, the present invention always starts with the best bid and best offer (and calculates the spread based on both). Thus, a trader entering the market at the best bid price 911 (9861) will have that price offset against the best offer price 921. In this example, the best offer price would be 9221. The best offer (9221) will be subtracted from the best bid price (9861) to determine the spread (640) at which the trader will place the trade. see Figure 7 Line A 731. A buy volume 913 100 displayed on the FGBL bar 910 at the price point 911 at which the trader entered the market would imply that the trader is interested in buying 100 contracts from the corresponding FBGM bar 920 . Since this feature starts with Best Bid and Best Offer, the application will look for a breakout at the Best Offer price 921 (9221) on the corresponding FBGM column 920. The FBGM Best Offer (9221) currently has 65 contracts available 923, so the counter will execu...

example B

[0091] Example B : As a result of the market movement described in Example A, especially the change of the best offer price from 9221 to 9222, the present invention will automatically calculate a new price difference. The spread (639) is determined by subtracting the best offer (9222) from the best bid (9861). see Figure 7 Line B 732. Such as Figure 9 As shown in , the best offer price 925 (9222) currently has an available contract size 927 of 30. Because traders still in the market still expect to buy 35 contracts, and 30 contracts 927 will be available at the new best offer price, again the offset is executed. The result of this counter-off will be that all 30 contracts at the best offer price of 925 (9222) are zeroed out, thus reducing the trader's desired buy from 35 to 5 contracts and forming a third new The best offer price is 9223.

example C

[0092] Example C : As a result of the market movement caused by the action described in Example B, especially the change of the best offer price from 9222 to 9223, the present invention will automatically calculate a new price difference. The spread (638) is determined by subtracting the best offer (9223) from the best bid (9861). see Figure 7 Line C 733 of . Such as Figure 9 As shown in , the best offer price 928 (9223) currently has an available contract size 929 of 50. However, a trader in the market at the best bid price of 911 (9861) only expects to buy (fill) the 5 remaining contracts from his original purchase. Therefore, 50 contracts can be obtained 929 corresponding to the best offer price 928, and the trader has a bid to enter the market at the best bid price, the counter is executed, and the result of the counter will include the best bid The price 911 (9861) returns to zero. In addition, as a result of the aforementioned market action, the best offer price...

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PUM

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Abstract

A versatile and efficient electronic spread trading tool to be used when buying and selling comparable commodities either simultaneously or in conjunction with one another. The spread trading tool involves a method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, where the method includes dynamically displaying a plurality of bids (111, 112) and asks (131, 132) in the market for the commodities, statically displaying prices (121, 122) corresponding to those plurality of bids (111, 112) and asks (131, 132), where the bids (111, 112) and asks (131, 132) are displayed in alignment with the prices (121, 122) corresponding thereto, displaying an anchor visual indicator corresponding to and in alignment with a desired price level of the anchor commodity, displaying a price level indicator (152, 162) corresponding to and in alignment with a price level of the non-anchor commodity.

Description

Background of the invention [0001] A.Technical field [0002] The present invention relates generally to electronic transactions of goods, including anything that can be traded by quantity and / or price. In particular, the present invention provides traders with a versatile and efficient electronic spread trading tool to use when buying and selling the same or similar kinds of commodities simultaneously or in concert with each other. [0003] B. Background technology [0004] As the world's exchanges transition from open outcry to electronic trading, more and more traders participate in the market via computers. Electronic exchanges extend direct access by allowing anyone with a computer and a connection to the exchange to trade directly on the exchange. Traders now use software that creates dedicated interactive trading screens on their desktops. The scope and attributes of the features available to traders vary depending on the specific software application being run. ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q30/06G06F9/00
CPCG06Q40/00G06Q40/04G06Q40/025G06Q40/06G06Q40/03G06Q30/06G06F9/00
Inventor 迈克·伯恩斯
Owner TRADING TECH INT INC
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