Patent ID: 7797226
Filing Date: 2010-09-14
Classification: G06F,G06Q

Abstract:
1. An interactive grid-based graphical trading system for use by any trader who engages in trading securities through established security trading markets, in essentially real time, where the system comprises a grid-based graphical interface for use by any trader, said graphical interface being adapted to establish a connection with any backend system used by any market participant through suitable communication channels; wherein said interactive grid-based graphical trading system is available through a computer at each participating trader's site; wherein said interactive grid-based graphical trading system for use by any trader is adapted to receive and display market trading data received from a plurality of market participants, in essentially real time; and wherein any trader may select any particular securities for which data are electively required, at any instant in time; wherein said interactive grid-based graphical trading system includes first process means that function to send transaction instructions through said communication channels to the backend system used by any market participant, and to receive messages from said backend system through said communication channels; and wherein said grid-based graphical interface includes second process means that function to receive, process, and display said market trading data, and said messages, to any trader; wherein said market trading data includes information chosen from the group of market trading data consisting of: order data as to buy, sell, or other trading orders existing at that instant in time for any selected security or group of securities, quote data as to bid and ask prices, volume, market participant identifiers, and other parameters, existing at that instant in time for any selected security or group of securities; wherein said market trading data is transmitted to each said grid-based graphical interface at the site of any participating trader from said backend system of any market participant in computer-readable electronic format; wherein said interactive grid-based graphical trading system includes third process means that function to transform said market trading data received from any back end system, at any instant in time, into a graphical representation for display on any display device, wherein said graphical representation includes at least one grid having a plurality of cells arranged in an array of at least one row or at least one column; wherein a row is an arrangement of horizontally adjacent cells with at least one common property, and a column is an arrangement of vertically adjacent cells with at least one common property, and wherein each cell within the said plurality of cells belongs to one row and one column; wherein said plurality of cells is arranged in a matrix chosen from the group consisting of a plurality of rows and at least one column, and in a plurality of columns and at least one row, and wherein said plurality of rows or said plurality of columns are associated with an axis representing price; wherein any cell is associated with said market trading data, and contains a graphical representation of said market trading data, and is associated with a specific price or range of prices; wherein each cell along said price axis indicates a price or price range for which said market trading data exists, and the other of said at least one column or said a least one row is indicative of a specific criterion chosen from a plurality of selected criteria within which said market trading data is categorized as to price or a range of prices; and wherein any trader can place, or modify, an order for a selected security or group of securities, over which that trader has discretion, by interacting with said grid-based graphical interface; wherein said interaction can be accomplished by a drag and drop operation; and wherein said order or said quote is represented graphically in a cell.