System and method for chart based order entry
AssigneeTrading Technologies International, Inc.
InventorEric W. Borts
Life of this patent
Estimating the term…
Abstract
Systems and methods for chart-based order entry are described. According to one example method a chart is used to display historical market data corresponding to a tradeable object. An order entry interface is displayed in relation to the chart. The order entry interface includes a plurality of price objects for selecting price levels to be used for trade orders to buy or sell the tradeable object. According to one example method, the price levels corresponding to the price objects depend on a location of the interface in relation to the chart, and as the interface is moved in relation to the chart, the price levels are automatically updated. Upon selection of the price level on the interface, a trade order to buy or sell is submitted to a matching engine at an electronic exchange.
Claims25
A method including:
- displaying by a computing device a movable order entry interface, wherein the movable order entry interface includes a plurality of price objects corresponding to a plurality of price levels, wherein the movable order entry interface is positioned in relation to a cursor, wherein the cursor is at a location on a chart, wherein the chart includes historical market data corresponding to a tradeable object, wherein the historical market data is mapped to a plurality of values along a value axis;
- moving by the computing device the movable order entry interface to maintain the position of the movable order entry interface in relation to the cursor when the cursor moves to a new location on the chart;
- determining by the computing device the plurality of price levels based on the new location of the cursor;
- receiving by the computing device a first command to freeze determining the plurality of price levels based on a first user input;
- receiving by the computing device a second command to select one of the frozen plurality of price levels based on a second user input;
- and
- initiating by the computing device placement of a trade order based on the selected price level.
Dependencies are inferred from the claim text.