PATENT CLAIM ANALYSIS

Application Number: 15947484
Application Type: Utility
Filing Date: 2018-04
Publication Date: 2018-08
Patent Classification: ["705", "037000"]

Abstract:
The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

Claim (Index 2):
A method comprising:\n receiving, via a computing device having an electronic processor, a market data feed for a first tradeable object and a market data feed for a second tradeable object; displaying, via an output device of the computing device, a plurality of consecutive price levels along a price axis, where the plurality of consecutive price levels is determined according to the market data feed for the first tradeable object and the market data feed for the second tradeable object, and each price level of the plurality of consecutive price levels corresponds to a spread price for a spread between the first tradeable object and the second tradeable object; displaying, via the output device, a plurality of locations where each location of the plurality of locations corresponds to a corresponding price level of the plurality of consecutive price levels displayed along the price axis and is configured to receive a command to initiate buying or selling the spread between the first tradeable object and the second tradeable object at the spread price corresponding to the price level; receiving, via a user input device of the computing device, a user command to select a particular price level of the plurality of consecutive price levels to trade the spread between the first tradeable object and the second tradeable object at the spread price corresponding to the particular price level; determining, via the computing device, a price for a first order for the first tradeable object according to the spread price corresponding to the particular price level and the market data feed for the second tradeable object; and submitting, via the computing device to an electronic exchange, the first order for the first tradeable object.

Metadata:
- Claim Count in Document: 33.0
- Percentile: 91.0
- Lexical Diversity: 1.65476
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['13416011', '12164859', '11417533', '11417915', '10137979']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1950866543963619
- 35 USC 102 Novelty (BERT): 0.559775811973133
- Combined Prediction Score: 0.231555570154039
- Mean Citation Score: 454.501768
- Max Citation Score: 462.9294
- Similarity Product: 375.2459556611538

Labels:
- Claim Label 101: 0
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 0
- Label 101 Adjusted: 0

Dataset: test