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 non-transitory computer readable medium having stored therein instructions executable by a processor, including instructions executable to:
display a trading screen including a trading ladder, wherein the trading ladder includes a plurality of order entry cells, wherein each order entry cell of the plurality of order entry cells is associated with a price for a tradeable object;
determine whether each order entry cell of the plurality of order entry cells should be active or inactive based on risk management data and market data received from an electronic exchange, wherein each order entry cell of the plurality of order entry cells, 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;
dynamically activate an order entry cell of the plurality of order entry cells in response to determining that the order entry cell should be active;
dynamically deactivate an order entry cell of the plurality of order entry cells in response to determining that the order entry cell should be inactive; and
change the display of each order entry cell of the plurality of order entry cells to indicate whether the order entry cell is active or inactive.
2. The non-transitory computer readable medium of claim 1 , wherein the plurality of order entry cells are aligned with a price display of the trading ladder.
3. The non-transitory computer readable medium of claim 1 , wherein the trading ladder includes a bid quantity display and an ask quantity display.
4. The non-transitory computer readable medium of claim 3 , wherein the bid quantity display includes a plurality of bid quantity cells, wherein the ask quantity display includes a plurality of ask quantity cells.
5. The non-transitory computer readable medium of claim 4 , wherein the plurality of order entry cells includes the plurality of bid quantity cells and the plurality of ask quantity cells.
6. The non-transitory computer readable medium of claim 1 , wherein the risk management data defines a risk limit.
7. The non-transitory computer readable medium of claim 6 , wherein an order entry cell of the plurality of order entry cells is determined to be active when performing the at least one trade action associated with the order entry cell does not exceed the risk limit.
8. The non-transitory computer readable medium of claim 6 , wherein an order entry cell of the plurality of order entry cells is determined to be inactive when performing the at least one trade action associated with the order entry cell exceeds the risk limit.
9. The non-transitory computer readable medium of claim 1 , wherein the at least one trade action includes setting an order entry parameter.
10. The non-transitory computer readable medium of claim 9 , wherein the at least one trade action includes sending an order.
11. The non-transitory computer readable medium of claim 1 , wherein the instructions to dynamically activate the order entry cell include instructions executable to switch an operation state of the order entry cell from inactive to active.
12. The non-transitory computer readable medium of claim 1 , wherein the instructions to dynamically deactivate the order entry cell include instructions executable to switch an operation state of the order entry cell from active to inactive.
13. The non-transitory computer readable medium of claim 1 , wherein the instructions to change the display of an order entry cell of the plurality of order entry cells include instructions executable to gray out the order entry cell to indicate when the order entry cell is inactive.
14. The non-transitory computer readable medium of claim 1 , wherein the instructions to change the display of an order entry cell of the plurality of order entry cells include instructions executable to shade the order entry cell to indicate when the order entry cell is inactive.