Intercontinental Exchange has filed a patent for systems and apparatus that process trade orders. The technology involves a computer receiving market data, pricing parameters, and proposed order quantity and price data. It then constructs proposed trades, calculates a theoretical price based on the data, compares the constructed trades with the theoretical price, and displays market data indicators. The patent also includes a method for generating an improved dynamic graphical user interface (GUI) that displays live market data and allows for trade initiation at current prices. GlobalData’s report on Intercontinental Exchange gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on Intercontinental Exchange, retail trading platforms was a key innovation area identified from patents. Intercontinental Exchange'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.

Method for generating a dynamic graphical user interface

Source: United States Patent and Trademark Office(USPTO). Credit: Intercontinental Exchange Inc

A recently filed patent (Publication Number: US20230196463A1) describes a method for generating an improved dynamic graphical user interface (GUI) for trading in financial markets. The method involves receiving a constant stream of live market data from third-party computing devices via one or more networks. The GUI includes a display window with dynamic graphical indicators that move to reflect fluctuations in the live market data. The GUI also includes trade buttons that display information reflective of the market data fluctuations, and interaction with these buttons can automatically initiate a trade at the displayed price.

The dynamic graphical indicators in the GUI include a theoretical price indicator, which is calculated based on proposed order prices, pricing parameters, and market data. Market data indicators are displayed relative to the theoretical price indicator. The method involves constructing proposed trades based on proposed order quantities and prices, and positioning the market data indicators in the display window relative to the theoretical price indicator to reflect the level of profitability of the proposed trades. The GUI continuously updates the trade buttons and the market data indicators in real-time to reflect live fluctuations in profitability and market prices.

The method also includes additional features such as displaying proposed order quantity and price indicators, setting proposed order prices based on market bids or asks, displaying risk associated with the proposed trades, and displaying the theoretical price indicator as a range of values based on the bid/ask spread of the traded asset. The GUI allows users to select which proposed trade to execute, prevents the selection of unprofitable trades, and highlights profitable trades. Users can also override the prevention of selecting unprofitable trades.

The patent application also mentions the types of assets that can be traded (outright options, spread options, option combinations) and the electronic exchanges where the trading can take place (commodities exchange, futures execution facility, options exchange, cash equities exchange, swap execution facility, unregulated electronic transaction execution venue). The pricing parameters used in the calculations include risk-free interest rate data, volatility data, time to option expiration data, skew data, kurtosis data, correlation data, interest rate data, dividend yield data, and forward price data relating to the underlying asset.

Overall, this patent application describes a method for generating an improved dynamic GUI for trading in financial markets, providing real-time updates and indicators to assist traders in making informed decisions.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.