22. A client terminal for recording annotations in an electronic trading environment, the client terminal comprising: a trading application stored on a computer readable medium for displaying a trading screen interface and real time market data comprising a best bid price and a best ask price currently available for a tradeable object, wherein the real time market data is being displayed as it is being received from an electronic exchange; and an annotation application stored on a computer readable medium for receiving a first command to flag a current time as the real time market data is being received and displayed in the trading screen interface, the annotation application further for providing an annotation interface, wherein the first command is received in relation to the trading screen interface, wherein upon receiving the first command, an incomplete annotation record that comprises the flagged time is created, wherein the annotation interface is used to receive user annotations subsequent to the flagged time upon receiving a second command to complete the incomplete annotation record.
22. A client terminal for recording annotations in an electronic trading environment, the client terminal comprising: a trading application stored on a computer readable medium for displaying a trading screen interface and real time market data comprising a best bid price and a best ask price currently available for a tradeable object, wherein the real time market data is being displayed as it is being received from an electronic exchange; and an annotation application stored on a computer readable medium for receiving a first command to flag a current time as the real time market data is being received and displayed in the trading screen interface, the annotation application further for providing an annotation interface, wherein the first command is received in relation to the trading screen interface, wherein upon receiving the first command, an incomplete annotation record that comprises the flagged time is created, wherein the annotation interface is used to receive user annotations subsequent to the flagged time upon receiving a second command to complete the incomplete annotation record. 25. The client terminal of claim 22 , wherein the trading application is further configured to display an activation identifier in association with the trading application, wherein the activation identifier is used to activate the annotation interface.