Trade action confirmation tool
Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command.
1. A system including:
a trading device,
wherein the trading device is configured to display a trading screen, wherein the trading screen is a graphical user interface that includes a trade action cell corresponding to a trade action, wherein the trade action cell is a graphical element on the trading screen that is selectable by a user;
wherein the trading device is configured to receive an initiation command from the user through the trading screen by a selection of the trade action cell;
wherein the trading device is configured to determine that the trade action was initiated based on the initiation command, wherein the trade action includes a trade parameter;
wherein the trading device is configured to determine a delay period, wherein the delay period is based on the trade parameter of the trade action;
wherein the trading device is configured to change a visual representation of the trade action cell after the initiation command is received and before a confirmation command is received;
wherein the trading device is configured to ignore any attempted confirmation command, wherein the attempted confirmation command is a selection through the trading screen of the trade action cell during the delay period wherein the delay period begins when the initiation command is received;
wherein the trading device is configured to receive the confirmation command from the user through the trading screen by a selection of the trade action cell after the delay period; and
wherein the trading device is configured to execute the trade action in response to receiving the confirmation command.
2. The system of claim 1 , wherein the visual representation of the trade action cell is changed for the duration of the delay period.
3. The system of claim 2 ,
wherein the trading device is configured to change the visual representation of the trade action cell after the delay period and before the confirmation command is received.
4. The system of claim 1 , wherein the trade parameter is a quantity associated with the trade action.
5. The system of claim 1 , wherein the trade parameter is a price associated with the trade action.
6. The system of claim 1 , wherein the trade parameter is a side associated with the trade action.