Systems and methods for quoting a two-sided trading orders

Abstract

Systems and methods for instantly quoting a two-sided market. Using these systems and methods, a trader can use various trading interfaces to initiate two-sided market orders based on a value submitted and a pre-set spread amount as configured by the trader.

1 . (canceled) 
     
     
         2 . An apparatus comprising:
 a display device;   at least one processor to:
 render on the display device a bid size, a bid price, an offer size and an offer price for an instrument; 
 detect selection of the bid price or the offer price for the instrument; 
 render a dialog window on the display device with a bid button, an offer button, a bid size field pre-populated with the bid size, a bid price field pre-populated with the bid price, an offer size field pre-populated with the offer size, and an offer price field pre-populated with the offer price; 
 automatically reposition a pointer immediately above the bid button of the dialog window, in response to determining that the bid price was selected; 
 automatically reposition a pointer immediately above the offer button of the dialog window, in response to determining that the offer price was selected; 
 detecting entry of another bid price or offer price; 
 automatically populating the bid price field with a new bid price in response to detecting the entry, the new bid price being based on a pre-set spread amount and the entered offer price; and 
 automatically populating the offer price field with a new offer price in response to detecting the entry, the new offer price being based on the pre-set spread amount and the entered bid price; 
 detect a selection of the bid button or the offer button; and generate a bid command and an offer command for the instrument simultaneously, in response to the selection of the bid button or the offer button. 
   
     
     
         3 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect a selection of the bid button and submit a bid for the instrument to an electronic network, in response to the selection of the bid button. 
     
     
         4 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect a selection of the offer button and submit an offer for the instrument to an electronic network, in response to the selection of the offer button. 
     
     
         5 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect input of a change in the bid price of the dialog window. 
     
     
         6 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect input of a change in the offer price of the dialog window. 
     
     
         7 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect input of a change in the offer price of the dialog window. 
     
     
         8 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect a selection of the bid button and submit a bid and corresponding offer for the instrument to an electronic network, in response to the selection of the bid button. 
     
     
         9 . The apparatus of  claim 2 , wherein the at least one processor is further configured to detect a selection of the offer button and submit an offer and a corresponding bid for the instrument to an electronic network, in response to the selection of the offer button. 
     
     
         10 . The apparatus of  claim 2 , wherein the at least one processor is configured to rearrange buttons on the dialog window. 
     
     
         11 . A method comprising:
 rendering, by at least one processor, on a display device a bid size, a bid price, an offer size, and an offer price for an instrument;   detecting, by the at least one processor, a selection of the bid price or the offer price for the instrument;   rendering, by the at least one processor, a dialog window on the display device with a bid button, an offer button, a bid size field pre-populated with the bid size, a bid price field pre-populated with the bid price, an offer size field pre-populated with the offer size, and an offer price field pre-populated with the offer price;   automatically repositioning, by the at least one processor, a pointer immediately above the bid button of the dialog window, in response to determining that the bid price was selected; and   automatically repositioning, by the at least one processor, a pointer immediately above the offer button of the dialog window, in response to determining that the offer price was selected;   detecting entry of another bid price or offer price; automatically populating the bid price field with a new bid price in response to detecting the entry, the new bid price being based on a pre-set spread amount and the entered offer price; and   automatically populating the offer price field with a new offer price in response to detecting the entry, the new offer price being based on the pre-set spread amount and the entered bid price;   detecting, by the at least one processor, a selection of the bid button or the offer button; and generating, by the at least one processor, a bid command and an offer command for the instrument simultaneously, in response to the selection of the bid button or the offer button.   
     
     
         12 . The method of  claim 11 , further comprising detecting, by the at least one processor, a selection of the bid button and submit a bid for the instrument to an electronic network, in response to the selection of the bid button. 
     
     
         13 . The method of  claim 11 , further comprising detecting, by the at least one processor, a selection of the offer button and submit an offer for the instrument to an electronic network, in response to the selection of the offer button. 
     
     
         14 . The method of  claim 11 , further comprising detecting, by the at least one processor, input of a change in the bid price of the dialog window. 
     
     
         15 . The method of  claim 11 , further comprising detecting, by the at least one processor, input of a change in the offer price of the dialog window. 
     
     
         16 . The method of  claim 11 , further comprising detecting, by the at least one processor, input of a change in the offer price of the dialog window. 
     
     
         17 . The method of  claim 11 , further comprising detecting, by the at least one processor, a selection of the bid button and submitting, by the at least one processor, a bid and corresponding offer for the instrument to an electronic network, in response to the selection of the bid button. 
     
     
         18 . The method of  claim 11 , further comprising detecting, by the at least one processor, a selection of the offer button and submitting, by the at least one processor, an offer and a corresponding hid for the instrument to an electronic-network, in response to the selection of the offer button. 
     
     
         19 . The method of  claim 11 , further comprising rearranging, by the at least one processor, buttons on the dialog window.