Systems and methods for computing an index for a binary options transaction

A device comprising:

• a screen;
• at least one processor configured to
• receive data representing a plurality of bids and offers for a binary options instrument, in which each bid and offer comprises a quantity and a price;
• generate data representing a subset of bids and offers from the plurality of bids and offers;
• filter the subset of bids and offers in accordance with a filtering rule to generate a reduced subset of bids and offers;
• generate data representing a binary options index from the reduced subset of bids and offers;
• render on the screen a graphical user interface comprising a first display window that shows data representing the binary options index;
• detect from the graphical user interface a request for a binary options transaction that is based on the binary options index;
• render on the screen a second display window that overlays the first display window of the graphical user interface, wherein the second display windows is populated with data representing a default price value and a default quantity value for an electronic trade associated with an order in connection with the binary options index;
• determine whether at least one of the bids and offers is a manipulative bid, in which the manipulative bid meets a price threshold;
• detect, via the screen, input related to a user gesture in association with a position of the graphical user interface associated with the manipulative bid;
• and
• retrieve data points associated with an area associated with the position in response to the user gesture.

A method carried out by at least one processor of a device, the method comprising:

• receiving data representing a plurality of bids and offers for a binary options instrument, in which each bid and offer comprises a quantity and a price;
• generating data representing a subset of bids and offers from the plurality of bids and offers;
• filtering the subset of bids and offers in accordance with a filtering rule to generate a reduced subset of bids and offers;
• generating data representing a binary options index from the reduced subset of bids and offers;
• rendering on a screen a graphical user interface comprising a first display window that shows data representing the binary options index;
• detecting from the graphical user interface a request for a binary options transaction that is based on the binary options index;
• rendering on the screen a second display window that overlays the first display window of the graphical user interface, wherein the second display windows is populated with data representing a default price value and a default quantity value for an electronic trade associated with an order in connection with the binary options index;
• determining whether at least one of the bids and offers is a manipulative bid, in which the manipulative bid meets a price threshold;
• detecting, via the screen, input related to a user gesture in association with a position of the graphical user interface associated with the manipulative bid;
• and
• retrieving data points associated with an area associated with the position in response to the user gesture.