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US 7,680,724 B2Granted
Trading tools for electronic trading
AssigneeTrading Technologies International, Inc.
InventorsGary Allen Kemp, Jens-Uwe Schuetter, Harris Brumfield, Michael Burns
Life of this patent
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Abstract
Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market.
Claims14
A method of managing orders relating to a commodity at an electronic exchange, the method comprising:
- displaying by a computing device a price axis including a plurality of locations corresponding to a plurality of price levels for a commodity at an electronic exchange;
- displaying by the computing device an entered order indicator in a first location corresponding to a first price level along the price axis, the entered order indicator representing a plurality of orders entered at the electronic exchange at the first price level;
- displaying by the computing device a current status for the plurality of orders entered at the electronic exchange, wherein displaying the current status comprises displaying a number of lots of the commodity that have been bought or sold since at least one of the orders was placed at the electronic exchange, wherein displaying the current status comprises displaying a number of ordered lots of the commodity that are currently working at the first price level since at least one of the plurality of orders was placed at the electronic exchange, wherein the number of ordered lots that are currently working at the first price level is updated dynamically based on market information received from the electronic exchange for the commodity;
- and
- receiving by the computing device a command that selects the entered order indicator and moves the entered order indicator to a second location corresponding to a second price level along the price axis so as to remove the plurality of orders at the first price level from the electronic exchange and enter at least one new order at the second price level.
2 more elements
Dependencies are inferred from the claim text.