Trade Action Confirmation Tool

Abstract

Systems, methods, and apparatus for confirming trade actions are disclosed. An example method includes displaying a trade action cell corresponding with a trade action, receiving an initiation command, determining that the trade action was initiated based on the initiation command, receiving a confirmation command, wherein the confirmation command is a selection of the same trade action cell, and executing the trade action based on reception of the confirmation command.

We claim: 
     
         1 . A system comprising:
 a trading device,   wherein the trading device is configured to receive an initiation command through a selection of a trade action cell of a graphical user interface, wherein the trade action cell is a graphical element on the graphical user interface that is selectable by a user, and wherein the trade action cell is associated with a trade action including a trade parameter;   wherein the trading device is configured to determine, in response to receiving the initiation command, a delay period, wherein the delay period is based on the trade parameter of the trade action, and wherein the delay period begins when the initiation command is received;   wherein the trading device is configured to change a visual representation of the trade action cell after the initiation command is received and before a confirmation command is received; and   wherein the trading device is configured to ignore any attempted confirmation command, and wherein the attempted confirmation command is received through a selection of the trade action cell during the delay period;   wherein the trading device is configured to receive the confirmation command through a selection of the trade action cell after the delay period; and   wherein the trading device is configured to execute, in response to receiving the confirmation command, the trade action.   
     
     
         2 . The system of  claim 1 , wherein the visual representation of the trade action cell is changed for a duration of the delay period. 
     
     
         3 . The system of  claim 2 , wherein the trading device is further configured to change the visual representation of the trade action cell after the delay period and before the confirmation command is received. 
     
     
         4 . The system of  claim 1 , wherein the visual representation of the trade action cell is changed when the initiation command is received. 
     
     
         5 . The system of  claim 1 , wherein the visual representation of the trade action cell is changed until the confirmation command is received. 
     
     
         6 . The system of  claim 1 , wherein the visual representation of the trade action cell is changed after the delay period. 
     
     
         7 . The system of  claim 1 , wherein the trade parameter is a quantity associated with the trade action. 
     
     
         8 . The system of  claim 1 , wherein the trade parameter is a price associated with the trade action. 
     
     
         9 . The system of  claim 1 , wherein the trade parameter is a side associated with the trade action.