Normalized Price Axis for Multi-Market Trading Visualization
Find Innovative SolutionsGenerate Solutions
Solution Overview
Problem
Existing electronic trading systems face challenges in effectively comparing and visualizing market data across multiple tradeable objects on a unified platform, leading to inefficiencies in market analysis and decision-making.
Innovation Solution
The system normalizes market data by converting non-anchor object prices to a common scale based on an anchor object's price, allowing for the display of multiple markets on a single chart with a normalized price axis, and generates new relationship bars based on trigger levels, enabling comprehensive market analysis and visualization.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Measurement precision
If multiple markets are displayed on separate charts with different price scales, then each market can be visualized accurately, but comparison and analysis between markets becomes difficult and time-consuming
Solution Approach 1:
The patent combines multiple separate market charts into a single unified chart by normalizing price data from different markets to a common price axis. This allows traders to view and compare multiple markets simultaneously on one display, eliminating the need to switch between separate charts and reducing analysis time while maintaining price visualization accuracy through mathematical normalization.
Solution Approach 2:
The patent introduces a normalization dimension that transforms price data from different markets into a common reference frame. By applying normalization factors based on anchor market prices, the system maps prices from multiple markets onto a unified price axis, enabling comparative analysis without losing the unique price characteristics of each market.
2Ease of operation
If multiple markets are displayed on a single chart with different price scales, then comparison becomes easier, but price data accuracy and readability are compromised
Solution Approach 1:
The patent changes the parameter representation by introducing normalized price values alongside or instead of raw prices. The system applies normalization factors to transform raw price data into comparable metrics while maintaining the ability to retrieve and display original price data, thus preserving accuracy while enabling easy comparison on a unified chart.
Solution Approach 2:
The patent introduces a normalization intermediary layer that sits between the raw price data and the display representation. This intermediary applies mathematical transformations to convert prices from different markets into a common scale, allowing accurate comparison while preserving the ability to map back to original price values for precise analysis.
3Reliability
If traditional separate chart displays are used for each market, then price data integrity is maintained, but comprehensive market analysis requires multiple displays and switches
Solution Approach 1:
The patent creates a universal chart display system that can simultaneously handle multiple markets with different price scales on a single interface. The normalization mechanism allows the same display infrastructure to accurately represent prices from any market, eliminating the need for separate dedicated charts for each market while maintaining price data integrity through reversible normalization transformations.
Data Source
AI summary
The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.