Trading tools for electronic trading

Patent metadata

Field	Value
Publication number	US-10037567-B2
Application number	US-41749306-A
Country	US
Kind code	B2
Filing date	May 3, 2006
Priority date	Mar 2, 2000
Publication date	Jul 31, 2018
Grant date	Jul 31, 2018

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.

First claim

We claim:

1. A method for providing market information associated with a commodity in an electronic trading environment, comprising:
receiving at a computer device a first data feed from an electronic exchange, wherein the first data feed comprises inside market information for a first commodity and does not include market depth information for the first commodity, and wherein the first data feed is sent by the electronic exchange at a first rate;
receiving at the computer device a second data feed from the electronic exchange, wherein the second data feed is different from the first data feed, wherein the second data feed comprises market depth information for the first commodity and does not include inside market information for the first commodity, and wherein the second data feed is sent by the electronic exchange at a second rate that is different from the first rate;
displaying on a graphical user interface at the computer device the inside market information from the first data feed and the market depth information from the second data feed; and
when a disruption occurs in one of the first data feed and the second data feed such that the corresponding market information of the disrupted one of the first and second data feeds is not received at the computer device, updating the graphical user interface based on data in the most recent packet subsequently received at the computer device in one of the first data feed or the second data feed that is not disrupted and being received at the computer device.

2. The method of claim 1 , wherein the market depth information comprises a quantity at a price level available for the first commodity at the electronic exchange.

3. The method of claim 1 , wherein the inside market information comprises a best bid price and a best ask price available for the first commodity at the electronic exchange.

4. The method of claim 1 , wherein the first rate is slower than the second rate.

5. The method of claim 1 , wherein the first rate is faster than the second rate.

6. The method of claim 1 , further comprising:
receiving a third data feed from a different electronic exchange, the third data feed comprising at least one of inside market information and market depth information for the first commodity; and
updating the graphical user interface based on data from the first data feed, the second data feed, and the third data feed.

7. The method of claim 1 , wherein the first rate is variable.

8. The method of claim 1 , wherein the second rate is variable.

9. The method of claim 1 , wherein displaying the inside market information and the market depth information comprises displaying the inside market information and the market depth information based on the most recent packet in at least one of the first data feed and the second data feed.

10. A non-transitory computer readable medium having stored therein instructions executable by a processor, wherein the instructions are executable to:
receive at a computer device a first data feed from an electronic exchange, wherein the first data feed comprises inside market information for a first commodity and does not include market depth information for the first commodity, and wherein the first data feed is sent by the electronic exchange at a first rate;
receive at the computer device a second data feed from the electronic exchange, wherein the second data feed is different from the first data feed, wherein the second data feed comprises market depth information for the first commodity and does not include inside market information for the first commodity, and wherein the second data feed is sent by the electronic exchange at a second rate that is different from the first rate;
display on a graphical user interface at the computer device the inside market information from the first data feed and the market depth information from the second data feed; and
when a disruption occurs in one of the first data feed and the second data feed such that the corresponding market information of the disrupted one of the first and second data feeds is not received at the computer device, update the graphical user interface based on data in the most recent packet subsequently received at the computer device in one of the first data feed or the second data feed that is not disrupted and being received at the computer device.

11. The computer readable medium of claim 10 , wherein the market depth information comprises a quantity at a price level available for the first commodity at the electronic exchange.

12. The computer readable medium of claim 10 , wherein the inside market information comprises a best bid price and a best ask price available for the first commodity at the electronic exchange.

13. The computer readable medium of claim 10 , wherein the first rate is slower than the second rate.

14. The computer readable medium of claim 10 , wherein the first rate is faster than the second rate.

15. The computer readable medium of claim 10 , wherein the instructions are further executable to:
receive a third data feed from a different exchange, the third data feed comprising at least one of inside market information and market depth information for the first commodity; and
update the graphical user interface based on data in the first data feed, the second data feed, and the third data feed.

16. The computer readable medium of claim 10 , wherein the first rate is variable.

17. The computer readable medium of claim 10 , wherein the second rate is variable.

18. The computer readable medium of claim 10 , wherein the instructions to display further comprise instruction to display the inside market information and the market depth information based on the most recent packet in at least one of the first data feed and the second data feed.

Assignees

• Kemp Ii Gary Allan
• Schluetter Jens Uwe
• Brumfield Harris C
• Burns Michael J
• Singer Scott F
• Trading Technologies Int Inc

Inventors

• Kemp Ii Gary Allan
• Schluetter Jens-Uwe
• Brumfield Harris C
• Burns Michael J
• Singer Scott F

Classifications

• G06Q30/08

  Auctions · CPC title

• G06Q40/00

  Finance; Insurance; Tax strategies; Processing of corporate or income taxes · CPC title

• G06Q40/04 Primary

  Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange · CPC title

• G06Q40/06

  Asset management; Financial planning or analysis · CPC title

• G06Q20/10

  specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems · CPC title