Click based trading with market depth display
AssigneeTrading Technologies International, Inc.
InventorsGary Allan Kemp, II, Jens-Uwe Schluetter
Life of this patent
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Abstract
A method and system for reducing the time it takes for a trader to place a trade when electronically trading commodities on an exchange, thus increasing the likelihood that the trader will have orders filled at desirable prices and quantities. Click based trading, as described herein and specifically the “Click” and “Dime” methods of the present invention, enables a trader to execute single mouse click trades for large volumes of commodities at a price within a pre-specified range.
Claims23
(canceled)
A method including:
- defining, by a computer device, a reference price level for order placement of orders to buy or sell a tradeable object;
- comparing, by the computer device, a price of an order to buy or sell the tradeable object to an acceptable price range, wherein the acceptable price range is based on the reference price level and an offset parameter;
- and
- initiating, by the computer device, submission of the order to an electronic exchange when the price of the order is within the acceptable price range.
A computer readable medium having stored thereon instructions for execution by a processor, wherein the instructions are executable to:
- define a reference price level for order placement of orders to buy or sell a tradeable object;
- compare a price of an order to buy or sell the tradeable object to an acceptable price range, wherein the acceptable price range is based on the reference price level and an offset parameter;
- and
- initiate submission of the order to an electronic exchange when the price of the order is within the acceptable price range.
Dependencies are inferred from the claim text.