Methods and Apparatus to Calculate and Present Transaction Adjusted Values

Abstract

Methods and apparatus to calculate and display transaction adjusted values are disclosed. An example method includes defining an order related to a tradeable object listed on an electronic exchange, wherein the order is associated with a user; determining whether the user qualifies for a pricing incentive that rewards trading activity meeting a threshold; when the user qualifies for the pricing incentive, calculating a transaction adjusted value of the order at respective ones of a plurality of price levels of a trading interface, wherein the pricing incentive is factored into the calculation of the transaction adjusted value for a first one of the price levels, and the pricing incentive is not factored into the calculation of the transaction adjusted value of a second one of the price levels; and displaying ones of the transaction adjusted values in a value axis of the trading interface in connection with respective ones of the plurality of price levels.

1 . (canceled) 
     
     
         2 . A system comprising a computer device, wherein the computing device comprises a processor and a non-transitory computer readable medium having stored therein instructions that, when executed by the processor, cause the processor to:
 display a plurality of price levels for a tradeable object along a value axis on a trading graphical user interface, wherein the tradeable object is listed on an electronic exchange;   determine that a user of the trading graphical user interface qualifies for a pricing incentive that rewards trading activity meeting a threshold;   determine a first plurality of price levels of the plurality of price levels that qualify for the pricing incentive based on the first plurality of price levels being within a threshold number of price levels from a current highest bid price or a lowest ask price;   determine a second plurality of price levels of the plurality of price levels that do not qualify for the pricing incentive based on the second plurality of price levels not being within the threshold number of price levels from the current highest bid price or the lowest ask price;   based on the user qualifying for the pricing incentive, calculate a transaction adjusted value for an order for the tradeable object at each of the plurality of price levels displayed on the trading graphical user interface, wherein the pricing incentive is factored into the calculation of the transaction adjusted value for the first plurality of price levels, wherein a transaction value at the first plurality of price levels is reduced based on the pricing incentive, and the pricing incentive is not factored into the calculation of the transaction adjusted value of the second plurality of price levels, wherein a transaction value at the second plurality of price levels is not reduced based on the pricing incentive;   display, along the value axis of the graphical user interface each of the calculated transaction adjusted values in relation to the respective price level of the first plurality of price levels and the second plurality of price levels for which each transaction adjusted value was calculated;   display an order entry region on the trading graphical user interface, wherein the order entry region comprises a plurality of locations aligned with the value axis, wherein each location of the plurality of locations corresponds to a respective price level of the displayed plurality of price levels along the value axis;   receive a selection via a user input device of a location of the plurality of locations in the order entry region; and   wherein in response to receiving the selection of the location in the order entry region, initiate submission of an order to buy or sell the tradeable object at the electronic exchange at a price level corresponding to the selected location.   
     
     
         3 . The system of  claim 2 , wherein the instructions to determine that the user qualifies for the pricing incentive that rewards trading activity meeting the threshold comprise instructions to determine that a transaction-to-fill ratio associated with the user meets the threshold. 
     
     
         4 . The system of  claim 2 , wherein the instructions to determine that the user qualifies for the pricing incentive that rewards trading activity meeting the threshold comprise instructions to determine that an order duration associated with the user meets the threshold. 
     
     
         5 . The system of  claim 2 , wherein the instructions to determine that the user qualifies for the pricing incentive that rewards trading activity meeting the threshold comprise instructions to determine that a number of orders placed in illiquid markets meets the threshold. 
     
     
         6 . The system of  claim 2 , wherein the pricing incentive is applied to the order when a selection is made from the plurality of price levels. 
     
     
         7 . The system of  claim 2 , wherein the trading graphical user interface is a ladder display including pricing levels arranged into a column.