# US 2022/0036459 A1 · User Action for Continued Participation in Markets

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- Number: US 2022/0036459 A1
- Document ID: US20220036459A1
- Status: Published application
- Kind: A1
- Application number: 17/504,084
- Filed: 2021-10-18
- Published: 2022-02-03
- Earliest claimed: 2016-06-27
- Assignees: Trading Technologies International, Inc.
- Applicants: Trading Technologies International Inc.
- Inventors: Scott F. Singer
- Web page: https://patentgrep.com/patent/US20220036459A1

## CPC

- G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
- G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR

## Abstract

The state of a trade order may be defined and/or maintained in response to user action at a trading device. A trading device may receive a user action on a graphical user interface (GUI). The user action may cause the submission of the trade order to the electronic exchange. The trading device may receive a user action on the GUI to define an active order state. The trading device may maintain the order state until receiving an identified user action on the GUI to change the order state to inactive, which may cause the trade order to be canceled or held at the electronic exchange. The user action causing the change in the order state may be an active use action, such as a selection, or a passive user action, such as a failure to perform a selection. Such user action may encourage user attention when managing trade orders.

## Claims

### Claim 1

A method for submitting a trade order to an electronic exchange, the method comprising:
receiving, by a trading device, a first user action on a first portion of a graphical user interface, wherein the first user action results in the submission of the trade order to the electronic exchange;
sending, to an action manager, the trade order submitted to the electronic exchange in response to the first user action detected at the first portion of the graphical user interface;
receiving, by the trading device, a second user action on a second portion of the graphical user interface;
defining, by the action manager, a first order state, wherein the first order state is established in response to the second user action associated with the trade order working at the electronic exchange;
receiving, by the trading device, a third user action on the second portion of the graphical user interface;
defining, by the action manager, a second order state, wherein the second order state is established in response to the third user action associated with the trade order working at the electronic exchange;
generating, by the action manager, an order update to the trade order working at the electronic exchange; and
sending, by the action manager, the order update to the electronic exchange.