Source: http://www.google.com/patents/US20070240053?dq=U.S.+Patent+No.+4,528,643)
Timestamp: 2017-10-20 13:46:55
Document Index: 394791338

Matched Legal Cases: ['application No. 60', 'application No. 60', 'application No. 60', 'application No. 60', 'application No. 60', '§ 112']

Patent US20070240053 - Systems and methods for providing dynamic price axes - Google Patents
The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface displays a bid price axis and an ask price axis, as well as corresponding sizes, and an indication of the inside market. When the inside market changes in response to changing...http://www.google.com/patents/US20070240053?utm_source=gb-gplus-sharePatent US20070240053 - Systems and methods for providing dynamic price axes
Publication number US20070240053 A1
Application number US 11/608,303
Also published as CA2574979A1, EP1782378A2, EP1782378A4, US8671044, US20070271171, WO2006015336A2, WO2006015336A3, WO2006015336A9
Publication number 11608303, 608303, US 2007/0240053 A1, US 2007/240053 A1, US 20070240053 A1, US 20070240053A1, US 2007240053 A1, US 2007240053A1, US-A1-20070240053, US-A1-2007240053, US2007/0240053A1, US2007/240053A1, US20070240053 A1, US20070240053A1, US2007240053 A1, US2007240053A1
Inventors Howard Lutnick, Kevin Foley, Joseph Noviello, Michael Sweeting
Original Assignee Lutnick Howard W, Foley Kevin M, Noviello Joseph C, Michael Sweeting
Patent Citations (27), Referenced by (20), Classifications (4), Legal Events (1)
US 20070240053 A1
1. A method for displaying market information for an item, the method comprising:
displaying on a user interface a plurality of bid prices along a first axis and a plurality of ask prices along a second axis;
displaying on the user interface an indication of an inside market in a first location along the first and second axes;
when the inside market changes from a first bid price and a first ask price to at least one of a second bid price and a second ask price, displaying the indication of the inside market in a second location along the first and second axes; and
shifting the plurality of bid prices along the first axis and the plurality of ask prices along the second axis to restore the indication of the inside market to the first location.
8. The method of claim 1 wherein displaying the plurality of bid and ask prices comprises:
displaying the plurality of bid prices in a first plurality of cells that are aligned along the first axis; and
displaying the plurality of ask prices in a second plurality of cells that are aligned along the second axis.
21. The method of claim 18 wherein the command comprises an order selected from the group consisting of a bid, an ask, a buy and a sell.
23. The method of claim 1 further comprising, substantially at the same time as shifting the plurality of bid and ask prices, repositioning a pointer associated with an input device on the user interface such that the pointer is pointing to a price previously pointed to prior to the change in the inside market.
27. A method for displaying market information for an item, the method comprising:
when the inside market changes from a first bid price and a first ask price to at least one of a second bid price and a second ask price, displaying the indication of the inside market in a second location along the first and second axes;
following the displaying of the indication of the inside market in the second location, shifting the plurality of bid prices along the first axis and the plurality of ask prices along the second axis; and
substantially at the same time as shifting the plurality of bid and ask prices, repositioning a pointer associated with an input device on the user interface such that the pointer is pointing to a price previously pointed to prior to the change in the inside market.
28. A system for displaying market information for an item, the system comprising a server adapted to distribute a plurality of bid and ask prices associated with the item to a plurality of workstations that are coupled to the server, each of the plurality of workstations displaying a user interface and being adapted to:
display on the user interface a plurality of bid prices along a first axis and a plurality of ask prices along a second axis;
display on the user interface an indication of the inside market in a first location along the first and second axes;
when the inside market changes from a first bid price and a first ask price to at least one of a second bid price and a second ask price, display the indication of the inside market in a second location along the first and second axes; and
shift the plurality of bid prices along the first axis and the plurality of ask prices along the second axis to restore the indication of the inside market to the first location.
29. A system for displaying market information for an item, the system comprising a server adapted to distribute a plurality of bid and ask prices associated with the item to a plurality of workstations that are coupled to the server, each of the plurality of workstations displaying a user interface, having an input device and being adapted to:
when the inside market changes from a first bid price and a first ask price to at least one of a second bid price and a second ask price, display the indication of the inside market in a second location along the first and second axes;
following the displaying of the indication of the inside market in the second location, shift the plurality of bid prices along the first axis and the plurality of ask prices along the second axis; and
substantially at the same time as shifting the plurality of bid and ask prices, reposition a pointer associated with the input device on the user interface such that the pointer is pointing to a price previously pointed to prior to the change in the inside market.
The present application is continuation-in-part of International Application No. PCT/US05/27320, filed Jul. 29, 2005; which claims the benefit of U.S. provisional application No. 60/592,415, filed Jul. 29, 2004; and U.S. provisional application No. 60/629,696, filed Nov. 19, 2004; and U.S. provisional application No. 60/653,056, filed Feb. 14, 2005; and U.S. provisional application No. 60/654,350, filed Feb. 18, 2005; and U.S. provisional application No. 60/678,383, filed May 5, 2005.
Any given numerical range shall include whole and fractions of numbers within the range. For example, the range “1 to 10” shall be interpreted to specifically include whole numbers between 1 and 10 (e.g., 1, 2, 3, 4, 9) and non-whole numbers (e.g., 1.1, 1.2, . . . 1.9).
VII. 35 U.S.C. § 112 paragrah 6
The shifting process may be made in a direction parallel to the price and size columns. More specifically, each transition may be made on a cell by cell basis whereby all cells transition substantially simultaneously such that the location of each cell is replaced by another. Such a shifting process may therefore take place one row at a time whereby all rows transition substantially simultaneously. With each such transition, the number of populated cells in the first price column may decrease whereas the number of populated cells in the second price column may increase. In other embodiments of the present invention, the shifting may be made whereby the bid and ask prices transition substantially simultaneously from one cell to another. In such a situation, the cells shown in FIGS. 2A-2E may remain in the same location whereas the prices displayed therein may change locations or transition from one cell to another. In yet other embodiments of the present invention, the shifting process may occur at a rate that is greater than one row at a time. For example, the transitions may occur at a rate of two or more rows at a time. In alternative embodiments of the present invention, the shifting process may be substantially continuous—e.g., pixel by If the inside market changes during the shifting process, the indication of the inside market may be shifted substantially immediately—i.e., without transitioning through any intermediate rows—or may transition at a predetermined rate to the price levels associated with the new inside market.
In yet another alternative embodiment of the recentering function according to the invention, recentering may be implemented according to a ratio. In this embodiment, the position of the inside market is not recentered to the center of the screen but rather offset from the center of the screen by some proportion to the change of the inside market. For example, the center line of the display, and consequently the display of the inside market, preferably shifts up a ¼ of a cell's height or other suitable amount for every tick that the inside market moves from the original—i.e., at the time the participant's trading session started, or other
US8099348 * Jul 1, 2011 Jan 17, 2012 Trading Technologies International, Inc. System and method for creating a market map in an electronic trading environment
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