Dynamic Price Ladder with Value Buffering for Trading Interfaces
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Solution Overview
Problem
Current electronic trading systems face challenges in effectively presenting and managing large volumes of dynamically changing market data, leading to difficulties in identifying advantageous trading opportunities and executing decisions efficiently.
Innovation Solution
The system implements a user interface that dynamically updates market data while allowing traders to interactively select and confirm prices, ensuring price certainty by buffering the intended price and displaying it separately, thus eliminating the need for static price ladders and frequent recentering.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Ease of operation
If static price ladders are used to display market data, then price information is clearly presented, but frequent recentering is required when prices change, consuming screen real estate and disrupting trader workflow
Solution Approach 1:
The patent transforms the static price ladder display into a dynamic system where the display automatically adapts to price changes. Instead of requiring manual recentering, the system dynamically adjusts the visible price range based on current market conditions, allowing the price ladder to flow continuously without disrupting the trader's workflow or consuming excessive screen space.
Solution Approach 2:
The patent introduces a temporal dimension to the price display by implementing a scrolling or flowing price ladder that moves through time. This allows historical price levels to be visualized in a continuous stream, transforming the static two-dimensional price ladder into a dynamic representation that accommodates price changes without requiring recentering actions.
2Loss of information
If market data updates frequently to reflect real-time changes, then traders have current information, but the interface becomes complex and harder to interpret
Solution Approach 1:
The patent segments the continuous stream of market data into distinct, manageable price levels that are presented in an organized hierarchy. By dividing the complex data flow into discrete price ladder rungs, the system maintains real-time information currency while presenting it in a structured format that reduces perceived complexity and improves interpretability.
Solution Approach 2:
The patent introduces an intermediary layer between the raw market data and the trader's view. This intermediary processing layer filters, organizes, and presents data in a standardized price ladder format, reducing the complexity of raw market fluctuations while maintaining the currency of information through systematic data transformation.
3Adaptability or versatility
If price selection is allowed during price changes, then trading is flexible, but price certainty is compromised as prices may change before order execution
Solution Approach 1:
The patent implements a buffer mechanism that captures and holds the selected price value at the moment of trader interaction. This preliminary action of buffering the price ensures that once a price is selected, it is preserved and protected from subsequent market changes, guaranteeing price certainty while maintaining the flexibility of interactive price selection during market fluctuations.
Data Source
AI summary
The disclosed embodiments relate to ensuring that a selected value, selected, for example, via interaction with a graphic user interface, of a dynamically changing parameter, such as a price, is used when generating an electronic data transaction request message in a data transaction processing system, such as an electronic trading system. The data transaction processing system being a system in which data items, such as financial contracts, e.g., futures contracts, are transacted or otherwise traded by a hardware matching processor that attempts to match electronic data transaction request messages with electronic data transaction request messages counter thereto for the same one of the data items based on multiple transaction parameters. A selected value is temporarily buffered allowing the represented value to update wherein a subsequently generated transaction may be based on the buffered value rather than an updated value.