Dynamic Price Indicators for Trading Displays
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Solution Overview
Problem
Traders in electronic trading environments face challenges in quickly and accurately monitoring market fluctuations, particularly in viewing the highest and lowest traded prices of tradable objects, which is crucial for making timely and favorable trades, due to the need to manage multiple screens and interpret complex market data.
Innovation Solution
A system and method for dynamically displaying the highest and lowest traded prices of a tradable object in relation to a static axis of prices, using indicators such as horizontal lines, highlighted cells, or graphical symbols, allowing traders to easily view market information and trends, with user-configurable time intervals and customizable display options.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If traders view multiple screens to monitor market data, then they can access comprehensive market information, but the physical and mental demands increase and trading speed decreases
Solution Approach 1:
The patent combines multiple market data displays into a single integrated trading screen. The display shows current price, highest traded price, lowest traded price, and market depth all in one location, eliminating the need for traders to monitor multiple separate screens and reducing the physical and mental burden while maintaining comprehensive information access
Solution Approach 2:
The patent segments the market data into distinct visual elements: current price is displayed prominently, highest and lowest traded prices are shown as reference indicators, and market depth is presented in a structured format. This segmentation allows traders to quickly scan and understand different price levels without confusion
2Loss of information
If traders use complex chart formats to view market trends, then they can analyze market movements in detail, but the time required to interpret data increases
Solution Approach 1:
The patent uses dynamic visual indicators that automatically update in real-time as market conditions change. The highest and lowest traded price indicators dynamically adjust their positions on the display, providing immediate visual feedback on market trends without requiring traders to manually analyze complex charts or spend time interpreting static data
Solution Approach 2:
The patent employs color-coded indicators to represent different price levels and market conditions. Different colors are used to highlight current price, highest traded price, and lowest traded price, allowing traders to quickly identify trends and anomalies through color recognition rather than detailed data analysis
3Measurement precision
If traders display detailed market data on screens, then they can make informed trading decisions, but the visual complexity increases and trading speed decreases
Solution Approach 1:
The patent extracts only the most critical price information from the complex market data and displays it prominently: current price, highest traded price, and lowest traded price. By taking out and highlighting these key elements while filtering out less relevant details, the system maintains measurement precision for important decisions while reducing visual complexity to enable faster trading execution
Data Source
AI summary
A client terminal displays on a graphical interface a first indicator of a price associated with a lowest traded price of a tradable object during a predetermined period of time, a second indicator of a price associated with a highest traded price of the tradable object during the predetermined period of time, along with at least one quantity indicator associated with at least one order to buy/order the tradable object. The first indicator, the second indicator, and the at least one quantity indicator are displayed in relation to a static axis of price, and the client terminal dynamically updates the first and second indicator to new lowest and highest traded prices based on market updates received from an exchange.