Systems and methods for providing a trading interface
a trading interface and system technology, applied in the field of systems and methods for providing a trading interface, can solve the problems of many implementations of this method of electronic trading, many delays for traders, and lack of desired speed, and achieve the effect of quick and easy submission
Inactive Publication Date: 2010-12-23
CHART TRADING DEV LLC
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Benefits of technology
[0009]In accordance with this and other objects of the invention, systems and methods provide configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system. More particularly, in accordance with this invention, the trader can use various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
Problems solved by technology
Many implementations of this method of electronic trading, while generally accurate, lack in desired speed mainly because traders are forced to use both a standard PC keyboard and a mouse to execute a trade.
This dual process causes much delay for traders because the traders must follow several steps prior to accomplishing a trade.
Because trading professionals frequently have large amounts of money at stake when trading, many professionals prefer to forgo speed and efficiency for peace of mind.
While mouse-based interfaces have existed for years, these interfaces have put traders using them at a disadvantage when competing with full-time keyboard traders.
One reason the existing mouse-based interfaces place those traders at a disadvantage is that those traders are forced to physically move a mouse pointer from an indicator for a desired instrument, that is at some given point on a trading screen, to some other point on the screen where bidding / offering and buying / selling commands can be entered.
This approach is very time consuming.
Method used
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[0023]Turning to FIGS. 1-4, examples of screen displays that may be presented in certain embodiments of the present invention are illustrated. FIG. 1 shows a market cell 100 that may be used to display one or more bid and / or one or more offer 101 for an item to be traded. As illustrated, bid and offer 101 indicates a price 102 which a buyer is willing to pay for a selected item 103 at a given size 106 (i.e., a number of the item) and a price 104 which a seller is willing to accept for selected item 103 at a given size 108.
[0024]Each component of a market shown in market cell 100 may be marked with a color, or in any other suitable manner, to indicate features of that component. For example, as shown in FIG. 1, the entire area of fields 102, 103, 104, 106, and 108 may be colored, or only the symbols in those fields may be colored, to assign a meaning to each field. As a further example, a specific color may be assigned to field 102 to indicate that a price in the field is a bid price...
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Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
Description
CROSS REFERENCE TO RELATED APPLICATION[0001]This application claims the benefit of U.S. Provisional Patent Application Ser. No. 60 / 171,442, filed Dec. 22, 1999, which is hereby incorporated by reference herein in its entirety.BACKGROUND OF THE INVENTION[0002]This invention relates to systems and methods for providing a trading interface. More particularly, this invention provides a trading interface that allows a trader to use a pointing device such as a mouse to execute a trade quickly and accurately.[0003]As electronic trading becomes more popular, an increasing number of traders are in need of new systems and methods to enter trade commands in a quick, efficient, and accurate manner. In one method of electronic trading, bids and offers are submitted by traders to a trading system, those bids and offers are then displayed by the trading system to other traders, and the other traders may then respond to the bids and offers by submitting sell (or hit) or buy (or lift or take) comman...
Claims
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IPC IPC(8): G06Q40/00G06F3/01G06F3/023G06F3/048G06Q30/00
CPCG06F3/04895G06Q20/10G06Q20/102G06Q20/105G06Q20/108G06Q40/10G06Q40/00G06Q40/025G06Q40/04G06Q40/06G06Q30/08G06Q40/03
Inventor KIRWIN, GLENN D.CLAUS, MATTHEWNOVIELLO, JOSEPHGILBERT, ANDREW C.
Owner CHART TRADING DEV LLC