Patent ID: 7574388

Claim:
A trading apparatus for trading a tradeable object at an electronic exchange, comprising: a microprocessor; a graphical user interface coupled with the microprocessor comprising a first screen region having a plurality of locations, each location in the first screen region corresponding to one of a plurality of price levels along a price axis and corresponding to one of a plurality of times along a time axis; a user input device for sending a command to initiate placement of a timed trade order to buy or sell the tradeable object at a future time, wherein the command is received through an action of a user input device with a cursor of the user input device positioned over a location of the plurality of locations in the first screen region, the timed trade order associated with a price parameter indicating a price corresponding to the location and further with a time parameter corresponding to a time remaining until the timed trade order is to be submitted to a matching engine at the electronic exchange, wherein the price parameter and the time parameter are associated with the location of the cursor at the time of the action; and a first indicator being dynamically displayed in the location in the first screen region, the first indicator representing the timed trade order and the location of the first indicator corresponding to the price parameter and the time parameter, wherein the first indicator dynamically moves over time, relative to the time axis, to a new location as the time remaining until the timed trade order is submitted to the matching engine changes.