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US 12,008,647 B2Granted
System and method for displaying trade information for electronic trading exchange
AssigneeTrading Technologies International, Inc.
InventorsRichard Lane, Michael Unetich
Life of this patent
Estimating the term…
Abstract
An application is disclosed that receives from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, may determine whether the executed trade belongs in an aggregated set with one or more other executed trades. The application provides an indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.
Claims13
A method comprising:
- receiving, by a trade server in communication with an electronic exchange, a plurality of trade notifications for the same tradeable object, wherein each of the plurality of trade notifications corresponds to a matched trade for a tradable object, wherein each of the plurality of trade notifications includes a trade quantity and a trade price, wherein the plurality of trade notifications includes a last notification;
- aggregating, by a trade application implemented at the trade server, the plurality of trade notifications in an aggregated set based on the trade price included in each trade notification;
- providing, by the trade application, an aggregated trade indicator representing the aggregated set, wherein the aggregated trade indicator represents a sum of the trade quantities included in each of the plurality of trade notifications at the trade price of the plurality of trade notifications;
- in response to receipt of the last notification, determining, by the trade application, whether no quantity remains available by comparing the trade quantity of the last notification and a total quantity available for the tradable object at the trade price of the last notification before receipt of the last notification;
- and
- in response to determining that no quantity remains, providing, by the trade application, a no quantity remains indicator representing that no quantity remains available for the tradable object at the trade price of the last notification, wherein the no quantity remains indicator is provided by one of:
- (i) as part of the aggregated trade indicator and (ii) in relation to the aggregated trade indicator.
4 more elements
Dependencies are inferred from the claim text.