Price-Based Annotations for Real-Time Trading Data
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Solution Overview
Problem
In electronic trading environments, traders face challenges in efficiently recording and viewing important market information and trends while actively trading, making it difficult to predict market movements and avoid negative strategies.
Innovation Solution
A trading interface that allows users to create and display user-configurable annotations related to specific price levels, which can be dynamically updated and trigger alerts, enabling traders to record market events and trends in real-time.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If traders manually record market information in journals, then they can document trading activities and market trends, but it becomes difficult to view and access this information quickly while actively trading in volatile markets
Solution Approach 1:
The patent segments market information into discrete price level annotations that can be independently created, viewed, and accessed. Each price level becomes a separate container for market events and trends, allowing traders to quickly access specific information without reviewing entire journals.
Solution Approach 2:
The patent introduces annotations as an intermediary layer between the trader and market data. These annotations attach contextual information to specific price levels, serving as a mediator that organizes and presents market information in a readily accessible format during active trading.
2Reliability
If traders use traditional trading interfaces without annotations, then the interface remains simple, but traders cannot efficiently record and view important market events and trends in real-time
Solution Approach 1:
The patent applies local quality by adding annotations specifically at price levels where market events occur, rather than uniformly across the entire interface. This allows detailed information to be present exactly where needed (at significant price levels) while keeping other areas clean and simple.
Solution Approach 2:
The patent adds a new dimension to the trading interface by overlaying annotations on top of the existing price level structure. This creates a multi-layered display where price levels serve as the base dimension and annotations provide an additional informational dimension without fundamentally redesigning the core trading interface.
Data Source
AI summary
A system and method for generating and displaying annotations in relation to one or more prices corresponding to trader-related or market related events are described. In one embodiment, a trader may enter an annotation to be displayed in relation to one or more price levels. Alternatively, a trader may configure a dynamic annotation to be dynamically displayed in relation to some price level(s) upon detecting a predetermined event related to one or more tradeable objects. Also, a trader may configure one or more alarms to be displayed or played in combination with the annotations.