System and method for displaying profit related information in an electronic trading environment
A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable object. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters. The graphical interface may also display a plurality of potential risk/gain indicators in relation to a realized profit indicator so that a trader, before entering an order having a predetermined order quantity, can view a potential risk/gain in entering into a predetermined net position in view of potential market movements.
1. A non-transitory computer readable medium having instructions stored thereon, which when executed cause a processor to carry out acts comprising:
displaying, via a display device having an electronic processor, a profit information area having a range of profit levels along a profit axis, and a range of net positions along a net position axis, where the profit axis is substantially orthogonal to the net position axis;
displaying, via the display device, a user-selectable net position indicator positioned along the profit axis and having a height relative to the net position axis representing a net position, where a location of the net position indicator along the profit axis represents a profit/loss level determined according to data received from an electronic exchange and on a price level for getting into the net position; and
receiving, via a user input coupled with the display device, a user selection of the net position indicator to electronically send an order to the electronic exchange, where the order includes an order quantity determined based on the net position and a price determined based on the profit/loss level.
2. The computer readable medium of claim 1 where the data comprises substantially real-time streaming market data identifying at least a best ask price for a tradeable object, a best bid price for the tradeable object, and a last traded price for the tradeable object.
3. The computer readable medium of claim 1 where the net position indicator is dynamically displayed.
4. The computer readable medium of claim 3 where the net position indicator changes relative to the profit axis according to changes in a profit/loss level.
5. The computer readable medium of claim 3 where the net position indicator changes relative to the net position axis according to changes in the net position.
6. The computer readable medium of claim 1 where the location of the net position indicator along the profit axis is determined according to at least one of a last traded price of the tradeable object, an inside market price for the tradeable object and a realized profit/loss.
7. The computer readable medium of claim 1 where the net position indicator comprises a graphical indicator.
8. The computer readable medium of claim 7 where the net position indicator comprises a line perpendicular to the profit axis and a length based on the net position.
9. The computer readable medium of claim 1 where the net position indicator comprises a numerical indicator.
10. The computer readable medium of claim 1 further comprising displaying, via a display device, a realized profit level indicator position along the profit axis representing a realized profit level being a difference between (a total sell price×quantity sold) and (a total buy price×quantity bought) for the tradeable object during a time period.
11. The computer readable medium of claim 10 where the realized profit level indicator changes relative to the profit axis according to changes in the realized profit level.
12. The computer readable medium of claim 10 where a distance between the net position indicator and realized profit level indicator represents an open profit/loss.
13. The computer readable medium of claim 1 where the net position indicator represents a long position or a short position according to a color coding.