System and method for processing composite trading orders at a client

Abstract

An apparatus for processing a composite trading order comprises an interface operable to display a composite value representing a weighted quantity of a plurality of trading products. The apparatus further comprises a processor operable to receive at least one input representing a composite trading order, wherein the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity. The at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order.

1 . An apparatus for processing a composite trading order, comprising:
 an interface operable to display a composite value representing a weighted quantity of a plurality of trading products; and   a processor, in electronic communication with the interface, operable to receive at least one input representing a composite trading order, wherein:
 the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity; and 
 the at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order. 
   
     
     
         2 . The apparatus of  claim 1 , wherein the composite value is based at least in part on market data representing trading conditions in one or more market centers. 
     
     
         3 . The apparatus of  claim 1 , wherein the interface is operable to update the displayed composite value according to current trading conditions in one or more market centers. 
     
     
         4 . The apparatus of  claim 1 , wherein the displayed composite value is usable to track, substantially simultaneously, the plurality of trading products. 
     
     
         5 . The apparatus of  claim 1 , wherein the weighted quantity of a plurality of trading products is substantially equivalent to a particular quantity of a particular trading product. 
     
     
         6 . The apparatus of  claim 1 , wherein the composite value corresponds to available volumes of the plurality of trading products in one or more market centers. 
     
     
         7 . The apparatus of  claim 1 , wherein the display of the composite value is based at least in part on one or more preferences and/or trading strategies associated with a trader. 
     
     
         8 . The apparatus of  claim 1 , wherein:
 the one or more constituent trading orders comprise a first trading order and a second trading order;   the first trading order is for one or more notes associated with a first maturity; and   the second trading order is for one or more notes associated with a second maturity.   
     
     
         9 . The apparatus of  claim 1 , wherein:
 the one or more constituent trading orders comprise a first trading order and a second trading order;   the first trading order is for a particular currency; and   the second trading order is for one or more futures contracts associated with the particular currency.   
     
     
         10 . The apparatus of  claim 1 , wherein:
 the one or more constituent trading orders comprise a first trading order and a second trading order;   the first trading order is for one or more notes; and   the second trading order is for one or more futures contracts associated with the one or more notes.   
     
     
         11 . The apparatus of  claim 1 , wherein the processor is operable to receive, in a single action, the at least one input. 
     
     
         12 . The apparatus of  claim 11 , wherein the single action comprises a keystroke or a click of a mouse. 
     
     
         13 . A method for processing a composite trading order, comprising:
 causing, by at least one computing device, a display device to display a composite value representing a weighted quantity of a plurality of trading products; and   receiving, by the at least one computing device, at least one input representing a composite trading order, wherein:
 the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity; and 
 the at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order. 
   
     
     
         14 . The method of  claim 13 , wherein the composite value is based at least in part on market data representing trading conditions in one or more market centers. 
     
     
         15 . The method of  claim 13 , further comprising updating the composite value according to current trading conditions in one or more market centers. 
     
     
         16 . The method of  claim 13 , wherein the displayed composite value is usable to track, substantially simultaneously, the plurality of trading products. 
     
     
         17 . The method of  claim 13 , wherein the weighted quantity of a plurality of trading products is substantially equivalent to a particular quantity of a particular trading product. 
     
     
         18 . The method of  claim 13 , wherein the composite value corresponds to available volumes of the plurality of trading products in one or more market centers. 
     
     
         19 . The method of  claim 13 , wherein the display of the composite value is based at least in part on one or more preferences and/or trading strategies associated with a trader. 
     
     
         20 . The method of  claim 13 , wherein:
 the one or more constituent trading orders comprise a first trading order and a second trading order;   the first trading order is for one or more notes associated with a first maturity; and   the second trading order is for one or more notes associated with a second maturity.   
     
     
         21 - 36 . (canceled)