Method and apparatus for informing a trader of a distance from market for a financial instrument bundle
AssigneeTradeHelm, Inc.
InventorBraden S. Janowski
Life of this patent
Estimating the term…
Abstract
A trader of a financial instrument bundle is informed of a difference between the desired price of the financial instrument bundle and a currently available price for the financial instrument bundle. The price differential, displayed on the trader's trading screen, may be in the form of a numeric value. The numeric value and/or other indicator may have a variable property (such as color or dimension) to indicate the price differential.
Claims23
A method for use within an electronic trading environment to inform a financial instruments trader of a difference between a desired price for a financial instrument bundle and an available price for the financial instrument bundle, the method comprising:
- initiating by a computing device the trading of a financial instrument bundle comprised of two or more financial instruments bundled according to a bundle definition at one or more financial market centers, each of said two or more financial instruments having associated therewith a quantity to be traded at the one or more financial market centers, said financial instrument bundle having a desired price based at least in part on all prices at which the said two or more financial instruments are to be traded;
- determining by a computing device a difference between the desired price of the financial instrument bundle and a currently available price of the financial instrument bundle;
- and
- displaying on a graphical user interface an indicator of said difference.
A method for use within an electronic trading environment to inform a financial instruments trader of a difference between a desired price for a financial instrument bundle and an available price for the financial instrument bundle, the method comprising:
- initiating by a computing device the trading of a financial instrument bundle comprised of two or more financial instruments bundled according to a bundle definition at one or more financial market centers, each of said two or more financial instruments having associated therewith a quantity to be traded at the one or more financial market centers, said financial instrument bundle having a desired price based at least in part on all prices at which the said two or more financial instruments are to be traded;
- determining by a computing device a difference between the desired price of the financial instrument bundle and a currently available price of the financial instrument bundle by;
- receiving at the computing device current market data, including currently available prices and quantities, for each of the two or more financial instruments that has not been fully filled;
- calculating by the computing device the currently available price of the financial instrument bundle based on the current market data, the bundle definition, and all filled prices and quantities for the financial instrument bundle;
- and
- subtracting the currently available price of the financial instrument bundle from the desired price to determine the difference;
- and
- displaying on a graphical user interface an indicator of said difference.
A computer readable medium having stored thereon computer-executable instructions for performing a method comprising:
- initiating the trading of a financial instrument bundle comprised of two or more financial instruments at one or more financial market centers, each of said two or more financial instruments having associated therewith a quantity to be traded at the one or more financial market centers, said financial instrument bundle being bundled according to a bundle definition and having a desired price based at least in part on all prices at which the said two or more financial instruments are to be traded;
- determining by a computing device a difference between the desired price of the financial instrument bundle and a currently available price of the financial instrument bundle;
- and
- displaying on a graphical user interface an indicator of said difference.
A compute readable medium having stored thereon computer-executable instructions for performing a method comprising:
- initiating the trading of a financial instrument bundle comprised of two or more financial instruments at one or more financial market centers, each of said two or more financial instruments having associated therewith a quantity to be traded at the one or more financial market centers, said financial instrument bundle being bundled according to a bundle definition and having a desired price based at least in part on all prices at which the said two or more financial instruments are to be traded;
- determining a difference between the desired price of the financial instrument bundle and a currently available price of the financial instrument bundle by:
- receiving current market data, including currently available prices and quantities, for each of the two or more financial instruments that has not been fully filled;
- calculating the currently available price of the financial instrument bundle based on the current market data, the bundle definition, and all filled prices and quantities for the financial instrument bundle;
- and
- subtracting the currently available price of the financial instrument bundle from the desired price to determine the difference;
- and
- displaying on a graphical user interface an indicator of said difference.
Dependencies are inferred from the claim text.