Methods and systems for chart based order entry
In one aspect, the invention comprises software comprising: (a) software for displaying a chart display comprising pricing information for securities; and (b) software for displaying an interface display for placing securities orders, wherein the chart display is configured to enable a user to enter price information in the interface display by selecting a location on the chart display corresponding to a price to be entered into the interface display. In another aspect, the invention comprises a method comprising entering price information in an interface display for placing securities orders by selecting a location on a chart display comprising pricing information for securities, the location corresponding to a price to be entered into the interface display.
1 . Software comprising:
software for displaying a chart display comprising pricing information for securities; and
software for displaying an interface display for placing securities orders,
wherein said chart display is configured to enable a user to enter price information in said interface display by selecting a location on said chart display corresponding to a price to be entered into said interface display.
2 . Software as in claim 1 , wherein said pricing information is displayed on a vertical axis in said chart display.
3 . Software as in claim 2 , wherein said chart display is further configured to display an open securities order on a horizontal line at a vertical location corresponding to a price for said open order.
4 . Software as in claim 2 , wherein said chart display is further configured to display a net position of a selected account on a horizontal line at a vertical location corresponding to an average price for said net position.
5 . Software as in claim 2 , wherein said chart display comprises a display tool that displays to a user pricing information for a selected vertical location on said chart display.
6 . Software as in claim 1 , wherein said interface display comprises fields for placing orders, said fields comprising a price field, wherein when a user selects said location on said chart display, said price field is filled with a price corresponding to said location.
7 . Software as in claim 3 , wherein said chart and interface displays are configured to allow a user to change an open order by moving said horizontal line.
8 . Software as in claim 7 , wherein said chart and interface displays are configured to allow a user to change an open order by moving said horizontal line with a mouse cursor.
9 . Software as in claim 3 , wherein said horizontal line at a vertical location corresponding to a price for said open order has a color different from a color used for a horizontal line at a vertical location corresponding to an average price for said net position.
10 . Software as in claim 9 , wherein said horizontal line at a vertical location corresponding to a price for said open order is red, and said horizontal line at a vertical location corresponding to an average price for said net position is green.
11 . A method comprising entering price information in an interface display for placing securities orders by selecting a location on a chart display comprising pricing information for securities, said location corresponding to a price to be entered into said interface display.
12 . A method as in claim 11 , wherein said pricing information is displayed on a vertical axis in said chart display.
13 . A method as in claim 12 , wherein said chart display is configured to display an open securities order on a horizontal line at a vertical location corresponding to a price for said open order.
14 . A method as in claim 12 , wherein said chart display is configured to display a net position of a selected account on a horizontal line at a vertical location corresponding to an average price for said net position.
15 . A method as in claim 12 , wherein said chart display comprises a display tool that displays to a user pricing information for a selected vertical location on said chart display.
16 . A method as in claim 11 , wherein said interface display comprises fields for placing orders, said fields comprising a price field, said method of claim 11 further comprising filling said price field with a price corresponding to said location by selecting said location on said chart display.
17 . A method as in claim 13 , further comprising changing an open order by moving said horizontal line.
18 . A method as in claim 17 , wherein said horizontal line is moved using a mouse cursor.
19 . A method as in claim 13 , wherein said horizontal line at a vertical location corresponding to a price for said open order has a color different from a color used for a horizontal line at a vertical location corresponding to an average price for said net position.
20 . A method as in claim 19 , wherein said horizontal line at a vertical location corresponding to a price for said open order is red, and said horizontal line at a vertical location corresponding to an average price for said net position is green.