System and Method for Computing and Displaying Effective Bid and Ask Information

A non-transitory computer readable medium having code stored thereon, which when executed by a processor, causes the processor to carry out acts comprising:

• computing an effective ask price and an effective bid price for each of a plurality of quantity levels according to market information for a tradable object;
• generating columnar price levels for the tradable object on a display;
• generating an effective bid price indicator for each effective bid price on the display, each effective bid price being displayed at an effective bid price level of the columnar price levels corresponding to the effective bid price;
• generating an effective ask price indicator for each effective ask price on the display, each effective ask price being displayed at an effective ask price level of the columnar price levels corresponding to the effective ask price;
• and
• generating a spread indicator for each quantity level, the spread indicator being generated between the effective bid price and the effective ask price for the corresponding quantity level of the plurality of quantity levels.

A system for identifying effective bid and ask prices in electronic trading environment, the system comprising:

• a processor configured to determine an effective ask price and an effective bid price for each of a plurality of quantity levels according to market information for a tradable object;
• and
• a display coupled with the processor and configured to display:
• columnar price levels for the tradable object,
• an effective bid price indicator for each effective bid price, each effective bid price being displayed at an effective bid price level of the columnar price levels corresponding to the effective bid price,
• an effective ask price indicator for each effective ask price, each effective ask price being displayed at an effective ask price level of the columnar price levels corresponding to the effective ask price, and
• a spread indicator for each quantity level, the spread indicator being displayed between the effective bid price and the effective ask price for the corresponding quantity level of the plurality of quantity levels.