Radar Display of Trader Requirements

Abstract

A system for providing an operator interface comprises a memory and a processor. The processor generates a radar display comprising trader requirements indicia that correspond to trader designated parameters. The processor receives market data and determines a probability of the market data satisfying a trader designated requirement. A market data circle corresponding to each trader parameter is displayed on the interface at a distance from the trader requirements indicia that indicates the probability.

1 . A system for providing an operator interface, comprising:
 a processor; and   a memory that stores instructions which, when executed by the processor, direct the processor to:
 generate an interface, the interface comprising a trader requirements indicia corresponding to a plurality of trading parameters designated by a trader, each trading parameter comprising a parameter concerning at least one of a purchase and sale of a quantity of at least one financial instrument associated with the trading parameter, each of the plurality of trading parameters being respectively associated with a corresponding one of a corresponding plurality of market data indicia; 
 receive market data, in which the market data comprises price information about the at least one financial instrument associated with each trading parameter; and 
 perform the following for each of the plurality of trading parameters:
 determine a probability of the market data satisfying the respective trading parameter; 
 determine, based on the probability, a display distance between a display of the trader requirements indicia and a display of the market data indicia corresponding to the respective trading parameter; and 
 display on the interface the corresponding market data indicia at a location on the interface that is the determined distance away from the trader requirements indicia, in which the determined distance between the market data indicia and the trader requirements indicia indicates the determined probability. 
 
   
   
   
       2 . The system of  claim 1 , in which at least one of the plurality of trading parameters defines a targeted price differential between two different financial instruments, in which the price differential comprises a trader-specified difference in price between two different financial instruments for a targeted spread transaction associated with the at least one trading parameter. 
   
   
       3 . The system of  claim 1 , in which the instructions, when executed by the processor, further direct the processor to:
 determine that the market data satisfies a particular one of the plurality of trading parameters; and   based on the act of determining that the market data satisfies the particular trading parameter, display the market data circle corresponding to the particular trading parameter at a position on the interface that overlaps the trader requirements indicia on the interface.   
   
   
       4 . The system of  claim 3 , in which the instructions, when executed by the processor, further direct the processor to:
 at a time when the particular market data circle corresponding to the particular trading parameter overlaps the trader requirements indicia on the interface, receive from the trader a request to initiate a trade corresponding to the particular trading parameter; and   responsive to receiving the request to initiate a trade, initiate a trade corresponding to the particular trading parameter, in which the act of initiating the trade comprises purchasing or selling a quantity of the at least one financial instrument associated with the trading parameter.   
   
   
       5 . The system of  claim 3 , in which the instructions, when executed by the processor, further direct the processor to:
 receive from the trader a request to move the display of the trader requirements indicia on the interface;   responsive to the request to move the display of the trader requirements indicia, modify at least one of the plurality of trading parameters.   
   
   
       6 . The system of  claim 3 , in which the instructions, when executed by the processor, further direct the processor to:
 receive from the trader a request to cause the displayed trader requirements indicia and a specific one of the displayed market data indicia to overlap;   responsive to the request:
 cause the displayed trader requirements indicia and a specific one of the displayed market data indicia to overlap, the specific one of the displayed market data indicia corresponding to a specific trader parameter; and 
 initiate a trade corresponding to the specific trader parameter, in which the act of initiating the trade comprises purchasing or selling a quantity of the at least one financial instrument associated with the specific trading parameter. 
   
   
   
       7 . The system of  claim 3 , in which at least one of the plurality of trading parameters specifies one or more actions to take if one or more conditions is satisfied,
 in which the one or more conditions comprises one or more target prices, one or more target yields, one or more target spreads, one or more target trading volumes, and   in which each of the one or more actions comprises at least one of buying or selling one or more quantities of at least one financial instrument.   
   
   
       8 . The system of  claim 7 , in which the one or more conditions comprises at least one of a price, a yield, a spread, and a trading volume, and
 in which each of the trading parameters specifies performing at least one of the following:
 buy; 
 sell; 
 offer; and 
 bid. 
   
   
   
       9 . The system of  claim 1 , in which the instructions, when executed by the processor, further direct the processor to:
 after receiving the market data, receive updated market data, in which the updated market data comprises updated price information about the at least one financial instrument associated with each trading parameter; and   perform the following for each of the plurality of trading parameters:
 determine an updated probability of the updated market data satisfying the respective trading parameter; 
 determine, based on the updated probability, an updated display distance between the trader requirements indicia and the market data indicia corresponding to the respective trading parameter; and 
 display on the interface the market data indicia corresponding to the respective trading parameter at a location on the interface that is the determined updated display distance away from the trader requirements indicia, in which the determined updated display distance between the market data indicia and the trader requirements indicia indicates the determined updated probability 
   
   
   
       10 . The system from  claim 1 , wherein the interface further comprises:
 a plurality of concentric two-dimensional distance lines, each distance line representing a particular distance from the trader requirements indicia such that the plurality of distance lines represent a plurality of different distances and a corresponding plurality of different probabilities.   
   
   
       11 . The system of  claim 1 , in which the instructions, when executed by the processor, further direct the processor to:
 determine that a market data indicia at least partially intersects the trader requirements indicia; and   initiate a trade corresponding to the market data indicia in response to the determination.   
   
   
       12 . The system of  claim 1 , in which at least a specific one of the plurality of trading parameters requires a trade of a first financial instrument and a trade of a second financial instrument different from the first financial instrument in order to satisfy the specific trading parameter, the second financial instrument being different from the first financial instrument, and in which the act of determining a probability for the at least specific one of the plurality of trading parameters comprises:
 determining a probability that the first financial instrument will achieve a first trader-specified price; and   determining a probability that the second financial instrument will achieve a second trader-specified price.   
   
   
       13 . The system of  claim 1 , in which one of the plurality of trading parameters comprises a trader-designated target price for a first financial instrument and a trader-designated target price for a second financial instrument that is different from the first financial instrument. 
   
   
       14 . The system of  claim 1 , in which at least a specific one of the plurality of trading parameters requires at least two different trades in order to satisfy the specific trading parameters. 
   
   
       15 . The system of  claim 1 , in which the act of determining a probability of the market data satisfying a respective trading parameter comprises:
 determining a probability of the market data satisfying the respective trading parameter based at least in part on whether the respective trading parameter requires use of a non-electronic market in order to satisfy the respective trading parameter.   
   
   
       16 . The system of  claim 1 , in which a first of the plurality of trading parameters defines a targeted difference in price between a first financial instrument and a second financial instrument, and in which a second of the plurality of trading parameters defines a targeted difference in price between a third financial instrument and a fourth financial instrument, in which the fourth financial instrument is different from the first financial instrument, the second financial instrument, and the third financial instrument. 
   
   
       17 . The system of  claim 1 , in which the act of determining the distance between a display of a market data indicia and the trader requirements indicia based on the probability comprises:
 determining a weighted probability value; and   determining the distance between a display of a market data indicia and the trader requirements indicia based on the weighted probability value.   
   
   
       18 . The system of  claim 1 , in which the act of determining the distance between a display of a market data indicia and the trader requirements indicia based on the probability comprises:
 determining a normalized probability value; and   determining the distance between a display of each respective market data indicia and the trader requirements indicia based on the normalized probability value.   
   
   
       19 . The system of  claim 1 , in which each trading parameters comprises one or more actions to take if one or more conditions is satisfied,
 in which the one or more conditions comprises one or more target prices, one or more target yields, one or more target spreads, one or more target trading volumes, and   in which each of the one or more actions comprises at least one of buying or selling one or more quantities of at least one financial instrument.   
   
   
       20 . The system of  claim 19 , in which the one or more conditions comprises one or more target yields. 
   
   
       21 . The system of  claim 19 , in which the one or more conditions comprises one or more target trading volumes, and in which the act of determining a probability comprises determining a probability that the target trading volume will be satisfied. 
   
   
       22 . A method, comprising:
 generating by a processor an interface, the interface comprising a trader requirements indicia corresponding to a plurality of trading parameters designated by a trader, each trading parameter comprising a parameter concerning at least one of a purchase and sale of a quantity of at least one financial instrument associated with the trading parameter, each of the plurality of trading parameters being respectively associated with a corresponding one of a corresponding plurality of market data indicia;   receiving by the processor market data, in which the market data comprises price information about the at least one financial instrument associated with each trading parameter; and   performing by the processor the following for each of the plurality of trading parameters:
 determine a probability of the market data satisfying the respective trading parameter; 
 determine, based on the probability, a display distance between a display of the trader requirements indicia and a display of the market data indicia corresponding to the respective trading parameter; and 
 display on the interface the corresponding market data indicia at a location on the interface that is the determined distance away from the trader requirements indicia, in which the determined distance between the market data indicia and the trader requirements indicia indicates the determined probability.