Visualization of a collection of orders
View Patent ↗Systems and methods may provide tools for uniformly visualizing a series of one or more orders, wherein orders of vastly different prices, order types, and order assets may be commingled on the same display screen. Such a collection of tools may be sorted for display. The displays may be buy/sell independent, handle any size bid/ask spread, and allow easy determination of the relative marketability of each order. Such systems and methods may help a user to focus on orders requiring the most attention.
1. A method for providing information relating to marketability of one or more orders, each order comprising one or more legs and each leg reflecting an interest in buying or selling a respective asset in one or more venues, the method being performed by a computer system that comprises one or more processors, one or more interfaces operatively coupled to at least one of the processors, and at least one electronic display device operatively coupled to at least one of the processors, and the method comprising:
receiving through at least one of the interfaces first order information that, for a first order, includes at least information from which a price for the first order may be determined and for each of the legs of the order, identifies the respective asset and whether the respective asset is to be bought or sold;
receiving through at least one of the interfaces first order pricing information that comprises information from which a passive price for the first order at a first time and an aggressive price for the first order at the first time may be computed; and
presenting on the electronic display device a marketability graph for the first order, the marketability graph comprising, for the first order,
(1) an axis having a length,
(2) a passive price marker at a first location on the axis,
(3) an aggressive price marker at a second location on the axis, and
(4) an order price marker at a first location on the axis that represents the price of the order relative to the passive price of the order at the first time and the aggressive price of the order at the first time;
subsequent to presenting the marketability graph for the first order, receiving through at least one of the interfaces second order pricing information that comprises information from which a passive price for the first order at a second time and an aggressive price for the first order at the second time may be computed; and
in response to receiving the second order pricing information, modifying the marketability graph for the first order by moving the order price marker along the axis to a second location that reflects the price of the order relative to the passive price of the order at the second time and the aggressive price of the order at the second time;
wherein modification of the marketability graph excludes modification of the size or position of the axis, the location of the passive price marker relative to the axis, and the location of the aggressive price marker relative to the axis.
2. A computer system for providing information relating to marketability of one or more orders, each order comprising one or more legs and each leg reflecting an interest in buying or selling a respective asset in one or more venues, the computer system comprising:
one or more processors;
one or more interfaces operatively coupled to at least one of the processors; at least one electronic display device operatively coupled to at least one of the processors; and
a computer-readable storage medium operatively coupled to at least one of the processors and encoded with instructions that, when executed by at least one of the processors, cause the computer system at least to:
receive through at least one of the interfaces first order information that, for a first order, includes at least information from which a price for the first order may be determined and for each of the legs of the order, identifies the respective asset and whether the respective asset is to be bought or sold;
receive through at least one of the interfaces first order pricing information that comprises information from which a passive price for the first order at a first time and an aggressive price for the first order at the first time may be computed; and
present on the electronic display device a marketability graph for the first order, the marketability graph comprising, for the first order,
(1) an axis having a length,
(2) a passive price marker at a first location on the axis,
(3) an aggressive price marker at a second location on the axis, and
(4) an order price marker at a first location on the axis that represents the price of the order relative to the passive price of the order at the first time and the aggressive price of the order at the first time;
wherein the instructions comprise instructions that, when executed by at least one of the processors, cause the computer system at least to:
subsequent to presenting the marketability graph for the first order, receive through at least one of the interfaces second order pricing information that comprises information from which a passive price for the first order at a second time and an aggressive price for the first order at the second time may be computed; and
in response to receiving the second order pricing information, modify the marketability graph for the first order by moving the order price marker along the axis to a second location that reflects the price of the order relative to the passive price of the order at the second time and the aggressive price of the order at the second time;
wherein modification of the marketability graph excludes modification of the size or position of the axis, the location of the passive price marker relative to the axis, and the location of the aggressive price marker relative to the axis.
3. A computer-readable storage medium, non-transitorily encoded with instructions that, when executed by one or more processors within a computer system that comprises one or more interfaces operatively coupled to at least one of the processors and at least one electronic display device operatively coupled to at least one of the processors, cause the computer system at least to:
receive through at least one of the interfaces first order information that, for a first order, includes at least information from which a price for the first order may be determined and for each of the legs of the order, identifies the respective asset and whether the respective asset is to be bought or sold;
receive through at least one of the interfaces first order pricing information that comprises information from which a passive price for the first order at a first time and an aggressive price for the first order at the first time may be computed; and
present on the electronic display device a marketability graph for the first order, the marketability graph comprising, for the first order,
(1) an axis having a length,
(2) a passive price marker at a first location on the axis,
(3) an aggressive price marker at a second location on the axis, and
(4) an order price marker at a first location on the axis that represents the price of the order relative to the passive price of the order at the first time; and the aggressive price of the order at the first time;
wherein the instructions comprise instructions that, when executed by at least one of the processors, cause the computer system at least to:
subsequent to presenting the marketability graph for the first order, receive through at least one of the interfaces second order pricing information that comprises information from which a passive price for the first order at a second time and an aggressive price for the first order at the second time may be computed; and
in response to receiving the second order pricing information, modify the marketability graph for the first order by moving the order price marker along the axis to a second location that reflects the price of the order relative to the passive price of the order at the second time and the aggressive price of the order at the second time;
wherein modification of the marketability graph excludes modification of the size or position of the axis, the location of the passive price marker relative to the axis, and the location of the aggressive price marker relative to the axis.