Implied matrix for tradeable objects

Abstract

System and methods for displaying implied market data are developed. One example method includes displaying a plurality of indicators corresponding to a plurality of tradeable objects via a graphical interface. Upon identifying a first tradeable object, the method includes determining an implied relationship between the first tradeable object and the at least one of the plurality of tradeable objects. The method further includes displaying a graphical indicator in relation to an indicator corresponding to the first tradeable object and at least one indicator corresponding to the at least one of the plurality of tradeable objects to indicate an implied relationship between the first tradeable object and the at least one of the plurality of tradeable objects.

1 . A method comprising:
 displaying, by a computing device, first market data related to a tradeable object at a first location of a user interface, wherein the first market data comprises at least one of a first price and a first quantity available at the first price for the tradeable object;   displaying, by the computing device, second market data related to a trading strategy at a second location of the user interface, wherein the second market data comprises at least one of a second price and a second quantity available at the second price for the trading strategy;   determining, by the computing device, whether at least one of the second price and the second quantity is implied based on at least one of the first price and the first quantity; and   in response to determining that the at least one of the second price and the second quantity is implied based on the at least one of the first price and the first quantity, displaying, by the computing device, a graphical indicator in relation to the first location and the second location on the user interface.   
     
     
         2 . The method of  claim 1 , wherein the trading strategy comprises a spread trading strategy. 
     
     
         3 . The method of  claim 1 , wherein displaying the first price comprises displaying at least one of a first highest bid price and a first lowest ask price for the tradeable object, wherein displaying the second price comprises displaying at least one of a second highest bid price and a second lowest ask price. 
     
     
         4 . The method of  claim 3 , wherein displaying the first quantity comprises displaying a quantity available at one or more of the first highest bid price and the first lowest ask price, and wherein displaying the second quantity comprises displaying a quantity available at one or more of the second highest bid price and the second lowest ask price. 
     
     
         5 . The method of  claim 1 , wherein the graphical indictor represents one of an implied-in relationship, an implied-out relationship, and an implied-from-implied relationship between the tradeable object and the trading strategy. 
     
     
         6 . The method of  claim 5 , further comprising:
 displaying one of a first graphical indicator type, a second graphical indicator type, and a third graphical indicator type to represent one of the implied-in relationship, the implied-out, or the implied-from-implied relationship between the tradeable object and the trading strategy.   
     
     
         7 . The method of  claim 1 , further comprising:
 displaying a first graphical indicator type representing a first generation of implied price or implied quantity, wherein the first generation of implied price or quantity comprises an implied price or quantity generated based on two direct prices or two direct quantities; and   displaying a second graphical indicator type representing a second generation of implied price or implied quantity, wherein the second generation of implied price or quantity comprises an implied price or quantity generated based on at least one implied price or implied quantity.   
     
     
         8 . The method of  claim 1 , wherein the graphical indicator is displayed in response to receiving a user selection identifying the tradeable object or the trading strategy. 
     
     
         9 . The method of  claim 1 , further comprising:
 calculating an implied price or an implied quantity for at least one of the trading strategy and the tradeable object.   
     
     
         10 . The method of  claim 1 , further comprising:
 displaying a second graphical indicator representing what portion of the second quantity is an implied quantity.   
     
     
         11 . The method of  claim 1 , further comprising:
 updating the first market data in response to detecting new first market data for the tradeable object; and   updating the second market data in response to detecting new second market data for the trading strategy.   
     
     
         12 . A computer readable medium having stored therein instructions executable by a processor, wherein the instructions are executable to:
 displaying, by a computing device, first market data related to a tradeable object at a first location of a user interface, wherein the first market data comprises at least one of a first price and a first quantity available at the first price for the tradeable object;   displaying, by the computing device, second market data related to a trading strategy at a second location of the user interface, wherein the second market data comprises at least one of a second price and a second quantity available at the second price for the trading strategy;   determining, by the computing device, whether at least one of the second price and the second quantity is implied based on at least one of the first price and the first quantity; and   in response to determining that the at least one of the second price and the second quantity is implied based on the at least one of the first price and the first quantity, displaying, by the computing device, a graphical indicator in relation to the first location and the second location on the user interface.   
     
     
         13 . The computer readable medium of  claim 12 , wherein the trading strategy comprises a spread trading strategy. 
     
     
         14 . The computer readable medium of  claim 12 , wherein the instructions to display the first price are further executable to display at least one of a first highest bid price and a first lowest ask price for the tradeable object, and wherein the instructions to display the second price are further executable to display at least one of a second highest bid price and a second lowest ask price. 
     
     
         15 . The computer readable medium of  claim 14 , wherein the instructions executable to display the first quantity are further executable to display a quantity available at one or more of the first highest bid price and the first lowest ask price, and wherein the instructions executable to display the second quantity are further executable to display a quantity available at one or more of the second highest bid price and the second lowest ask price. 
     
     
         16 . The computer readable medium of  claim 12 , wherein the graphical indictor represents one of an implied-in relationship, an implied-out relationship, and an implied-from-implied relationship between the tradeable object and the trading strategy. 
     
     
         17 . The computer readable medium of  claim 16 , wherein the instructions are further executable to:
 display one of a first graphical indicator type, a second graphical indicator type, and a third graphical indicator type to represent one of the implied-in relationship, the implied-out, or the implied-from-implied relationship between the tradeable object and the trading strategy.   
     
     
         18 . The computer readable medium of  claim 12 , wherein the instructions are further executable to:
 display a first graphical indicator type representing a first generation of implied price or implied quantity, wherein the first generation of implied price or quantity comprises an implied price or quantity generated based on two direct prices or two direct quantities; and   display a second graphical indicator type representing a second generation of implied price or implied quantity, wherein the second generation of implied price or quantity comprises an implied price or quantity generated based on at least one implied price or implied quantity.   
     
     
         19 . The computer readable medium of  claim 12 , wherein the graphical indicator is displayed in response to receiving a user selection identifying the tradeable object or the trading strategy. 
     
     
         20 . The computer readable medium of  claim 12 , wherein the instructions are further executable to:
 calculate an implied price or an implied quantity for at least one of the trading strategy and the tradeable object.   
     
     
         21 . The computer readable medium of  claim 12 , wherein the instructions are further executable to:
 display a second graphical indicator representing what portion of the second quantity is an implied quantity.   
     
     
         22 . The computer readable medium of  claim 12 , wherein the instructions are further executable to:
 update the first market data in response to detecting new first market data for the tradeable object; and   update the second market data in response to detecting new second market data for the trading strategy.