Order Grid Highlighting for Cross-Trade Order Awareness
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Solution Overview
Problem
Existing user interfaces for trading financial instruments do not provide sufficient information to traders, leading to potential cross trades with their own orders or those of their company, which can result in unintended matches.
Innovation Solution
Implementing a user interface that highlights orders with a company or other entity using different colors, providing visual differentiation between trader's orders and orders from others within the same company, and displaying warnings for potential cross trades.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Quantity of substance
If existing user interfaces display market depth information in a condensed table format, then information density is improved, but traders lose visibility of relevant order information leading to unintended cross trades
Solution Approach 1:
The patent applies color-coded highlighting to visually distinguish orders placed by the trader or their company from other market participants. Different colors are assigned to indicate ownership affiliation, allowing traders to quickly identify their own orders and prevent unintended cross trades while maintaining the condensed table format for information density.
2Loss of information
If the user interface displays all relevant order information, then trader awareness is improved, but the interface complexity increases
Solution Approach 1:
The patent enhances specific cells in the order book table by applying visual highlighting only to orders placed by the trader or their company. This localized enhancement provides critical information awareness exactly where needed in the interface, rather than redesigning the entire interface structure, thus maintaining simplicity while improving trader awareness.
3Manufacturing precision
If the system provides visual warnings for potential cross trades, then trading accuracy is improved, but the system requires additional processing capability
Solution Approach 1:
The system implements a feedback mechanism that automatically compares incoming orders against existing orders in the order book, identifies potential cross trades involving the trader or their company, and provides visual warnings through highlighting. This automated feedback loop improves trading accuracy by preventing unintended cross trades while the processing requirement remains manageable through efficient order matching algorithms.
Data Source
AI summary
Systems, methods and user interfaces are provided for order matrix management and highlighting. Market data may be arranged in a matrix where the market data may be highlighted and/or otherwise presented to provide further information to a user. In some cases a computer system may include a computer-readable medium containing computer-executable instructions that, when executed by one or more processors, cause a computing device to receive market data for a financial instrument. The computer system may further process instructions to identify pending orders that may result in a cross trade, such as with trades entered by a trader or between members of a same business organization. The computer system may further process instructions that cause the computer system to generate a user interface that highlights which of the pending orders that may result in a cross trade.