System and Method for Displaying Order Information in Relation to a Derivative of Price

Abstract

Market data, such as order information, is displayed in relation to a derivative of price. A derivative of price refers to anything that bears some relationship to price, examples of which, include net change, yield, profit and loss, volatility, momentum indicators, and more. According to various aspects of the preferred embodiments, market data is received from one or more electronic exchanges and a value axis is generated based on a user's preferences. Then, market data can be displayed in relation to the value axis to provide a user interface that allows a trader to view the market from a more desirable perspective.

1 . A method for displaying market information relating to a tradeable object being traded at an electronic exchange having an inside market with a highest bid price and a lowest offer price, the method comprising:
 dynamically displaying a first indicator in one of a plurality of locations in a bid display region, each location in the bid display region corresponding to a derivative of price value along a static value axis, the first indicator representing quantity associated with at least one order to buy the tradeable object at the highest bid price currently available in the market;   dynamically displaying a second indicator in one of a plurality of locations in an ask display region, each location in the ask display region corresponding to a derivative of price value along the static value axis, the second indicator representing quantity associated with at least one order to sell the commodity at the lowest ask price currently available in the market;   displaying the bid and ask display regions in relation to fixed derivative of price values positioned along the static value axis such that when the inside market changes, the derivative of price values along the static value axis do not move and at least one of the first and second indicators moves in the bid or ask display regions relative to the static value axis;   displaying an order entry region comprising a plurality of locations for receiving commands to send trade orders, each location corresponding to a derivative of price value along the static value axis; and   in response to a selection of a particular location of the order entry region by a single action of a user input device, setting a plurality of parameters for a trade order relating to the tradeable object and sending the trade order to the electronic exchange.   
     
     
         2 . The method of  claim 1  further comprising displaying a numerical, graphical, or numerical and graphical representation of the derivative of price values along the common value axis. 
     
     
         3 . The method of  claim 1  wherein each of the derivative of price values are based through a common relationship on a different price. 
     
     
         4 . The method of  claim 3  wherein the common relationship is input through a graphical user interface. 
     
     
         5 . The method of  claim 3  wherein the derivative of price values comprise a net change and the common relationship comprises Net change=(Value(s) at Current Point)−(Value(s) at Reference Point). 
     
     
         6 . The method of  claim 1  wherein the derivative of price values comprise yield, profit and loss, volatility, or momentum indicators. 
     
     
         7 . The method of  claim 1  wherein the derivative of price values are updated at predetermined intervals. 
     
     
         8 . The method of  claim 1  further comprising displaying a region for receiving a command to update the derivative of price values, wherein the derivative of price values are updated in response to a selection of the region with a user input device. 
     
     
         9 . The method of  claim 1  wherein the derivative of price values are updated in response to detecting a programmed event. 
     
     
         10 . The method of  claim 1  further comprising displaying a plurality of bid and offer indicators in association with the derivative of price values, wherein each of the bid indicators represents a quantity available to buy the tradeable object and each of the offer indicators represents a quantity available to sell the tradeable object. 
     
     
         11 . The method of  claim 10  further comprising:
 consolidating the derivative of price values on the static value axis such that groups of two or more values are combined into consolidated value levels; and   consolidating the display of the plurality of bid and offer indicators into a plurality of consolidated bid and offer indicators so that each consolidated bid and offer indicator represents quantity associated with a the two or more values within a consolidated value level.   
     
     
         12 . The method of  claim 1  further comprising displaying a second set of values along the static value axis, wherein each of the second set of values corresponds to each of the derivative of price values on the value axis. 
     
     
         13 . The method of  claim 12  wherein each of the second set of values represents a price. 
     
     
         14 . The method of  claim 12  wherein each of the second set of values represents a different derivative of a price.