BGC Partners has filed a patent for a user interface system that displays bid and ask prices, sizes, and the inside market. The system shifts the indication of the inside market to a different location when it changes in response to market conditions, and then restores it to its original location by shifting the bid and ask prices. The system also locks a pointer to prevent trade commands from being entered at erroneous price levels. GlobalData’s report on BGC Partners gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on BGC Partners, retail trading platforms was a key innovation area identified from patents. BGC Partners's grant share as of June 2023 was 1%. Grant share is based on the ratio of number of grants to total number of patents.
A method for displaying market information on a user interface
A recently filed patent (Publication Number: US20230196462A1) describes a method for displaying market information for an item. The method involves displaying bid prices and ask prices on a user interface, with bid prices along a first axis and ask prices along a second axis. The user interface also includes an indication of the inside market, which initially appears in a first location along the first and second axes.
When the inside market changes from a first bid price and a first ask price to a second bid price and a second ask price, the indication of the inside market is shifted to a second location along the first and second axes. Additionally, the method includes the step of shifting the plurality of bid prices along the first axis and the plurality of ask prices along the second axis to restore the indication of the inside market to the first location.
This method provides a visual representation of market information for an item, allowing users to easily track bid and ask prices. By displaying the bid prices along one axis and the ask prices along another axis, users can quickly compare the prices and make informed decisions. The indication of the inside market, which represents the current bid and ask prices, is initially shown in a specific location on the user interface.
When the inside market changes, such as when the bid and ask prices shift, the indication is moved to a different location on the user interface. This allows users to easily identify the changes in the market and adjust their strategies accordingly. Furthermore, the method includes the step of shifting the bid and ask prices to restore the indication of the inside market to its original location. This ensures that users can continue to monitor the market without confusion or disruption.
Overall, this patent presents a method for displaying market information in a clear and organized manner, enhancing the user experience and facilitating informed decision-making.
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