IP Library Granted Patent US 7,797,221
Granted Patent B2
US 7,797,221 · App. 10/294,998 · Granted Sep 14, 2010

Proprietary quote data

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Quick Facts
Patent No.
US 7,797,221
App. No.
10/294,998
Granted
Sep 14, 2010
Kind
B2
Abstract

A proprietary position display process includes an ask-side display process for displaying, in a multi-column format, an ask-side entry for a specific security that is offered for sale by a market participant on a securities market. This ask-side entry includes a market participant identifier, a lot size, a reserve size, and an ask price. A bid-side display process displays, in a multi-column format, a bid-side entry for the specific security that is sought for purchase by a market participant on a securities market. This bid-side entry includes a market participant identifier, a lot size, a reserve size, and a bid price. The bid-side display process is configured to display the bid-side entry such that it is essentially a mirror image of the ask-side entry.

Claims (34)

1. A display device for rendering a user interface comprising:

a programmed computer processor for generating said user interface;

said user interface comprising:

an ask-side table that displays in a multi-column format, a plurality of ask-side entries for a specific security that is offered for sale by a market participant on a securities market, the ask-side entries including a lot size, a reserve size, and an ask price;

an ask-side aggregate value for a specific ask-side entry, the ask-side aggregate value is equal to the lot size of the specific ask-side entry summed with the lot sizes of all preceding ask-side entries included in the ask-side table;

a bid-side table that displays in a multi-column format, a plurality of bid-side entries for the specific security that is sought for purchase by a market participant on a securities market, the bid-side entries including a lot size, a reserve size, and a bid price with the bid-side display configured to display the bid-side entries multi-column format as essentially a mirror image of the ask-side entries multi-column format; and

a bid-side aggregate value for a specific bid-side entry, the bid-side aggregate value is equal to the lot size of the specific bid-side entry summed with the lot sizes of all preceding bid-side entries included in the bid-side table.

2. The display device of claim 1 wherein the bid-side table is juxtaposed the ask-side table.

3. The display device of claim 2 wherein the ask-side display has multiple ask-side entries sorted in accordance with a user-defined sorting parameter.

4. The display device of claim 3 wherein the user-defined sorting parameter is chosen for the group consisting of: the lot size; the reserve size, and the ask price.

5. The display device of claim 1 wherein the bid-side table and the ask-side table are simultaneously displayed.

6. The display device of claim 5 wherein the bid-side has multiple bid-side entries sorted in accordance with a user-defined sorting parameter.

7. The display device of claim 6 wherein the user-defined sorting parameter is chosen for the group consisting of: the lot size; the reserve size, and the bid price.

8. The display device of claim 1 wherein the display allows a market participant to select the specific security.

9. The display device of claim 1 displays trade data concerning the specific security.

10. The display device of claim 9 wherein the trade data includes a trade volume amount, a low trade amount, and a high trade amount.

11. A method for displaying proprietary positions on an electronic trading system, the method executed on a computer system, the method comprising:

displaying on a display device:

an ask-side entry, in a multi-column format, for a specific security that is offered for sale by a market participant on a securities market, the ask-side entry includes a lot size, a reserve size, and an ask price; and

an ask-side aggregate value for a specific ask-side entry, the ask-side aggregate value is equal to the lot size of the specific ask-side entry summed with the lot sizes of all preceding ask-side entries included in the ask-side table; displaying on the display device:

a bid-side entry, in a multi-column format, for the specific security that is sought for purchase by a market participant on a securities market, the bid-side entry includes a lot size, a reserve size, and a bid price, with the bid-side entries being essentially a mirror image of the ask-side entries; and

a bid-side aggregate value for a specific bid-side entry, the bid-side aggregate value is equal to the lot size of the specific bid-side entry summed with the lot sizes of all preceding bid-side entries included in the bid-side table.

12. The method of claim 11 wherein the bid side entry is juxtaposed the ask-side table.

13. The method of claim 12 wherein displaying ask-side entries includes sorting the multiple ask-side entries in accordance with a user-defined sorting parameter.

14. The method of claim 11 wherein the bid-side table and the ask-side table are simultaneously displayed.

15. The method of claim 14 wherein displaying bid-side entries includes sorting the multiple bid-side entries in accordance with a user-defined sorting parameter.

16. The method of claim 11 further comprising allowing a market participant to select the specific security.

17. The method of claim 11 further comprising displaying trade data concerning the specific security.

18. A computer program product residing on a computer readable medium for rendering a display of proprietary positions in an electronic trading system, the computer readable medium having a plurality of instructions stored thereon which, when executed by a processor, cause that processor to:

display an ask-side table that displays a plurality of ask-side entries in a multi-column format, for a specific security that is offered for sale by a market participant on a securities market, the ask-side entries including a lot size, a reserve size, and an ask price; and

display a bid-side entry, in a multi-column format, for the specific security that is sought for purchase by a market participant on a securities market, the bid-side entries including a lot size, a reserve size, and a bid price, with the bid-side entries being essentially a mirror image of the ask-side entries;

display an aggregate value for a specific bid-side or ask side entry, wherein the bid-side or ask side aggregate value is equal to the lot size of that specific bid-side or ask side entry summed with the lot sizes of all preceding bid-side or ask side entries included in a bid-side or ask side table.

19. The computer program product of claim 18 wherein instructions to display ask-side entries further includes instructions to sort the multiple ask-side entries in accordance with a user-defined sorting parameter.

20. The computer program product of claim 18 wherein instructions to display a bid-side entries further includes instructions to sort the multiple bid-side entries in accordance with a user-defined sorting parameter.

Assignments (9)
CHANGE OF NAME Recorded Oct 9, 2015
From: THE NASDAQ OMX GROUP, INC.
To: NASDAQ, INC.
Reel/Frame 036822/0452 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Aug 6, 2010
From: KOKIS, CHRISTOPHER; WAGHORNE, ROBERT A.
To: NASDAQ STOCK MARKET, INC., THE
Reel/Frame 024806/0514 →
CHANGE OF NAME Recorded Mar 28, 2008
From: NASDAQ STOCK MARKET, INC., THE
To: NASDAQ OMX GROUP, INC., THE
Reel/Frame 020747/0105 →
SECURITY AGREEMENT Recorded Mar 5, 2008
From: THE NASDAQ STOCK MARKET, INC.
To: BANK OF AMERICA, N.A., AS COLLATERAL AGENT
Reel/Frame 020599/0436 →
PATENT SECURITY AGREEMENT Recorded Feb 28, 2008
From: NASDAQ STOCK MARKET, INC., THE
To: BANK OF AMERICA, N.A., AS COLLATERAL AGENT
Reel/Frame 020617/0355 →
RELEASE OF SECURITY INTEREST IN PATENTS Recorded Oct 11, 2007
From: BANK OF AMERICA, N.A.
To: THE NASDAQ STOCK MARKET, INC.
Reel/Frame 019943/0733 →
SECURITY AGREEMENT Recorded Apr 21, 2006
From: THE NASDAQ STOCK MARKET, INC.
To: BANK OF AMERICA, N.A. AS COLLATERAL AGENT
Reel/Frame 017507/0308 →
TERMINATION AND RELEASE AGREEMENT Recorded Apr 19, 2006
From: JPMORGAN CHASE BANK N.A., AS ADMINISTRATIVE AGENT
To: THE NASDAQ STOCK MARKET, INC.
Reel/Frame 017492/0228 →
SECURITY AGREEMENT Recorded Jan 11, 2006
From: NASDAQ STOCK MARKET, INC., THE
To: JP MORGAN CHASE BANK, N.A.
Reel/Frame 017222/0503 →