Trading Interface Window Prioritization for Market Data
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Solution Overview
Problem
The increasing amount of high-frequency market information in electronic trading systems leads to high computing resource usage, resulting in increased costs and impacting other processing tasks.
Innovation Solution
Implementing user-definable prioritization of market information, where windows and components within a trading interface are updated based on priority levels, allowing traders to define importance and adjust priorities dynamically through boost triggers.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Loss of information
If high-frequency market information is processed and displayed at maximum update frequency, then information freshness and completeness are improved, but computing resource usage increases adversely impacting other processing tasks
Solution Approach 1:
The patent applies local quality by allowing different windows to have different update frequencies based on their individual priority levels. Critical market information windows update at high frequency while less critical windows update at lower frequencies, optimizing the balance between information freshness and computing resource usage.
Solution Approach 2:
The patent implements dynamics by enabling users to dynamically adjust the priority levels of different windows and have those priority changes take effect immediately. The system adapts update frequencies in real-time based on user-defined priorities, allowing flexible resource allocation as market conditions and user needs change.
2Reliability
If all market information windows are updated at the same high frequency, then completeness of market monitoring is improved, but computing resource allocation becomes inefficient
Solution Approach 1:
The patent differentiates update frequencies across different windows based on their priority levels. High-priority windows receiving critical market data are updated at high frequency, while lower-priority windows are updated at reduced frequencies, ensuring monitoring completeness for critical information while improving overall processing efficiency.
3Speed
If update frequency is increased for all windows, then responsiveness to market changes is improved, but computing resource consumption increases impacting other tasks
Solution Approach 1:
The patent applies local quality by assigning different update speeds to different windows based on their priority levels. Critical windows maintain high update speeds for rapid responsiveness to market changes, while less critical windows use lower update speeds, optimizing the balance between responsiveness and resource consumption.
Solution Approach 2:
The patent implements partial action by applying high update frequencies only to windows with high priority levels rather than uniformly to all windows. This selective approach ensures critical market information is updated rapidly while reducing unnecessary high-frequency updates for less important windows, thereby lowering overall resource consumption.
Data Source
AI summary
Methods and systems for user definable prioritization of market information are disclosed. An example method to prioritize market information displayed in a window within a trading interface includes updating the market information displayed in the window at a first frequency, wherein the first frequency is to correspond to a first window priority. The example method also includes, based on a trigger activation, assigning a second window priority to the window, wherein the second window priority is to cause the market information displayed in the window to update at a second frequency, the second frequency different from the first frequency.