Dynamically activating and deactivating one or more elements of a trading tool
Various embodiments relate to intelligently activating and deactivating a trading tool element of a trading tool to improve a user's confidence in the trading tool. By dynamically activating and deactivating elements on the trading screen, the trading tool effectively increases a user's confidence in placing a trading order, canceling a trade order, or both, for example, by eliminating or reducing undesirable options. Undesirable options might include those that are risky, contrary to a particular trading strategy, would result in a loss of money, and so on. Such an embodiment can improve the overall speed at which a user places or cancels a trade order by, among other things, effectively increasing the user's overall confidence in the trading tool.
1. A computing device comprising:
a market data receiver configured to receive market data from an electronic exchange;
an electronic display coupled with the market data receiver and configured to display a trading screen having a trading tool including a trading tool element, where the trading tool element is configured to perform at least one trade action, and where the trading element has a value and a location being determined according to the market data received from the electronic exchange;
an electronic processor coupled with the market data receiver and the electronic display, where the electronic processor is configured to:
dynamically activate and deactivate the trading tool element in response to determining whether the trading tool element should be active or inactive based on trade data and the market data;
cause the electronic display to change the display of the trading tool element to indicate whether the trading tool element is active or inactive; and
where the trading tool element, when active, is operable to perform the at least one trade action, and when inactive, is inoperable to perform the at least one trade action.
2. The computing device of claim 1 where the electronic processor is further configured to switch an operation state of the trading tool element between active and inactive depending on whether the trading tool element should be active or inactive.
3. The computing device of claim 1 where the trade data is risk management data that defines a risk limit.
4. The computing device of claim 3 where the trading tool element is active when performing the at least one trade action does not exceed the risk limit and is inactive when performing the trade action associated with the trading tool element substantially equals or exceeds the risk limit.
5. The computing device of claim 1 where the trade data is trading methodology data that defines a trading methodology.
6. The computing device of claim 5 where the trading methodology is defined by a user to ensure that the trader performs trade actions in accordance with the trading methodology.
7. The computing device of claim 1 where the processor is configured to cause an electronic gray-out of the trading tool element to indicate that the trading tool element is inactive.
8. The computing device of claim 1 where the trade data does not include availability data that defines availability of certain components of an electronic trading system.
9. A computing device comprising:
a market data receiver configured to receive, from an electronic exchange, market data associated with a trading tool element, where the trading tool element is a selectable option for performing at least one trade action;
an electronic display coupled with the market data receiver and configured to display the trading tool element, where the trading tool element has a value and a location that are determined according to the market data and is displayed to indicate whether the trading tool element is in an active state or an inactive state; and
an electronic processor coupled with the market data receiver and the electronic display, where the electronic processor is configured to determine whether the trading tool element is selectable based on trade data and the market data, and to switch the trading tool element between the active state and the inactive state in response to determining whether the trading tool element is selectable, where switching includes:
configuring the trading tool element to be selectable for performing the at least one trade action when in the active state, and
configuring the trading tool element such that it is not selectable for performing the at least one trade action when in the inactive state.
10. The computing device of claim 9 where switching includes dynamically activating and deactivating the trading tool element.
11. The computing device of claim 9 where the trade data is risk management data.
12. The computing device of claim 9 where the trade data is trading methodology data.
13. The computing device of claim 9 where the electronic processor is further configured to cause the display to gray-out the trading tool element when the trading tool element is in the inactive state.
14. The computing device of claim 13 where causing the display to cause the display to gray-out the trading tool element includes changing the display of the trading tool to indicate that the trading tool element is in the inactive state and allow information represented by the trading tool element to be visible.
15. A computing device comprising:
a market data receiver configured to receive market data from an electronic exchange;
a user input device configured to receive at least one variable and at least one rule for determining whether a trading tool element should be activated or deactivated, the at least one rule being based on trade data;
an electronic display coupled with the market data receiver and the user input device, the electronic display configured to display the trading tool element, where the trading tool element has a value and a location that are determined according to the market data received from an electronic exchange; and
an electronic processor coupled with the market data receiver, the user input device and the electronic display, where the electronic processor is configured to analyze the at least one rule, the market data, and the at least one variable to determine whether to switch an operation state of the trading tool element between an active state and an inactive state, and to responsively switch the operation state of the trading tool element between the active state and the inactive state, where the trading tool element is operable to perform a trading action in the active state and is inoperable to perform the trading action in the inactive state.
16. The computing device of claim 15 where the electronic processor is further configured to cause the display of the trading tool element to indicate whether the trading tool element is active or inactive.
17. The computing device of claim 16 where the trading tool element is grayed out to indicate the trading tool is inactive.
18. The computing device of claim 17 where the data associated with the trading tool element is visible and updated.
19. The computing device of claim 17 where a shade or color of the trading tool element is changed.
20. The computing device of claim 15 where determining whether to switch an operation state of the trading tool element between an active state and an inactive state comprises determining at least one of whether an option that is too risky, whether an option is contrary to a particular trading strategy, and whether an option would result in a loss of money.