Product Matrix for Multi-Exchange Trading Strategy Management
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Solution Overview
Problem
Users face difficulties in creating and managing trading strategies that involve synthetic spreads across multiple electronic exchanges due to the need to view and switch between multiple display windows, which is time-consuming and inefficient.
Innovation Solution
A system and method for displaying tradeable objects along orthogonal axes to form a product matrix, allowing users to select combinations of tradeable objects and view contract information for each leg of a trading strategy, with spread information including prices or net changes, facilitating the definition and execution of trading strategies across multiple exchanges.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If market information from different electronic exchanges is displayed in separate display windows, then the information is organized by exchange, but the user must switch between multiple windows to create trading strategies involving synthetic spreads, which increases time consumption and operational complexity
Solution Approach 1:
The patent combines market information from multiple electronic exchanges into a single unified display window, allowing users to view and create trading strategies involving synthetic spreads across exchanges without switching between multiple windows. This merging approach maintains information organization while eliminating the time loss associated with window switching.
Solution Approach 2:
The display window is designed to serve multiple functions simultaneously: it displays market information from multiple exchanges, enables creation of trading strategies across exchanges, and provides a unified interface for managing synthetic spreads. This multi-functionality consolidates what previously required multiple separate windows into a single versatile display.
2Area of stationary object
If the user display area is limited, then the display device is compact, but the user must view information within a compact area or continuously transition between display windows, which reduces ease of operation
Solution Approach 1:
By merging market information from multiple exchanges into a single display window, the patent allows users to view and manage trading strategies across exchanges within one consolidated area, eliminating the need to continuously switch between multiple windows and improving ease of operation within a limited display area.
Solution Approach 2:
The patent organizes market information from multiple exchanges in a structured layout within the single display window, likely using spatial arrangement and visual hierarchy to present complex multi-exchange data in an easily navigable format, allowing comprehensive viewing without requiring additional physical display space.
3Adaptability or versatility
If multiple display windows are used to show market information from different exchanges, then comprehensive market coverage is achieved, but the device complexity and operational difficulty increase
Solution Approach 1:
The patent merges market information from multiple exchanges into a single unified display window, maintaining comprehensive market coverage while eliminating the complexity of managing multiple separate windows. The unified interface simplifies the user experience while preserving the ability to access and trade across multiple exchanges.
Solution Approach 2:
The single display window is designed to be universal, handling market information display, strategy creation, and trade management for multiple exchanges simultaneously. This multi-functional design replaces what previously required multiple specialized windows, reducing overall system complexity while maintaining versatility.
Data Source
AI summary
Lists of tradeable objects may be generated and displayed to enable a user to define a trading strategy having multiple legs. The lists of tradeable objects may be used to define and display different combinations of the tradeable objects that are included in each of the lists. Each combination of tradeable objects may define the different legs of a spread that may be tradeable on one or more exchanges. A combination of tradeable objects may be selected to display contract information associated with the different legs of the spread. The contract information for each leg may be used to define and display spread information for the legs of the trading strategy. The spread information may allow the user to view information related to the spreads for different combinations of tradeable objects in a display.