Patent ID: 7702569
Filing Date: 2010-04-20
Classification: G06F,G06Q

Abstract:
1. A method for visually establishing a trading strategy for a tradeable object, comprising: displaying, via a graphical user interface on a client device, a value axis having a plurality of value levels, each value level being associated with a price of a tradeable object traded at an electronic exchange; selecting a subset of icons from an icon library having a plurality of icons including different types of execution icons graphically representing different order types available at different exchanges, where each of the plurality of icons is pre-populated with parameters for the type of order represented, where the subset of icons is selected based on types of orders available at the electronic exchange and includes at least one independent order icon graphically representing an independent order and at least one dependent order icon graphically representing a dependent order, the at least one independent order icon being configurable to create a trading strategy including multiple orders; generating a toolbar for the subset of icons via the client device; displaying the toolbar on the graphical user interface; receiving a first user-initiated command via an input of the client device, the first user-initiated command selecting the independent order icon from the toolbar, creating the trading strategy including the independent order and moving the independent order icon to a first location relative to the value axis, the first location identifying a first price for the independent order for the tradeable object; submitting the independent order to the electronic exchange according to detecting at least one pre-set condition associated with the independent order and for determining when the independent order is sent to the electronic exchange, the independent order having the first price; displaying the independent order icon at the first location, the independent order icon graphically representing a state of the independent order based on market data from the electronic exchange related to the independent order; receiving a second user-initiated command via the input device, the second user-initiated command selecting the dependent order icon from the toolbar, identifying the dependent order with the trading strategy and moving the dependent order icon to a second location relative to the value axis, the second location identifying a second price for the dependent order for the tradeable object; displaying the dependent order icon at the second location, the dependent order icon graphically representing a state of the dependent order based on market data from the electronic exchange related to the dependent order; submitting the dependent order to the electronic exchange according to at least the state of the independent order; and displaying a graphical indicator between the independent order icon and the dependent order icon showing the linking of the dependent order to the independent order.