Method and system for displaying a cursor on a trading screen
A method, system, and computer program products are provided for updating the location of a cursor in a display window on a trading screen when certain events occurs. In a preferred embodiment, as market conditions change, the market information may be rearranged on a screen. To reduce the chances of missing a market opportunity by sending orders or managing them, the cursor moves in association with the market information such that the cursor appears fixed to the market information until a user moves the pointer device.
1. A computer readable medium having computer executable instructions stored thereon, which when executed by a processor cause the processor to carry out acts comprising:
receiving a first user command to place a cursor on a first location of a dynamic price axis displayed on a trading screen, the dynamic price axis being displayed according to market data received from an electronic exchange, the first location having a price;
in response to receiving the first user command, setting a trade order with the price of the first location of the dynamic price axis; and
subsequent to setting the trade order with the price:
receiving a market update from the electronic exchange,
updating the dynamic price axis displayed on the trading screen in response to receiving the market update, where the update includes changing the dynamic price axis to reposition the price to a second location of the dynamic price axis according to the market update, and
subsequent to updating the dynamic price axis and prior to receiving another user command to cause the cursor to move to another location;
maintaining the price for the trade order, and
receiving a second user command to submit the trade order with the price to the electronic exchange.
2. The computer readable medium of claim 1 where the first location is different from the second location.
3. The computer readable medium of claim 1 where the acts further comprise submitting the trade order at the price.
4. The computer readable medium of claim 1 where the dynamic price axis further comprises a plurality of locations.
5. The computer readable medium of claim 4 where each location of the plurality of locations is configured to receive a user command to send trade orders to the electronic exchange.
6. The computer readable medium of claim 1 where the second user command comprises any one of a single-click of a mouse button and a double-click of a mouse button.
7. The computer readable medium of claim 1 where the acts further comprise displaying price levels for an inside market at designated locations of the dynamic price axis.
8. The computer readable medium of claim 1 where the acts further comprise displaying along the dynamic price axis any of a last trade price for a tradeable object, a best bid price for a tradeable object, a best ask price for a tradeable object, and combinations thereof.
9. The computer readable medium of claim 1 where the update to the trading screen further comprises repositioning the dynamic price axis in response to receiving a repositioning command.
10. The computer readable medium of claim 1 where the acts further comprise:
receiving a third user command to move the cursor to a new location having a new price; and
in response to the third user command, changing the price of the trade order to the new price.
11. The computer readable medium of claim 1 where maintaining the price for the trade order comprises moving the cursor to the second location of the dynamic price axis.
12. The computer readable medium of claim 11 where the second user command is received subsequent to the cursor being moved to the second location.