Customizable exchange-traded contracts

A non-transitory computer-readable storage medium comprising instructions, which, when executed by one or more computer processors in an exchange computer system, cause the one or more computer processors to perform operations comprising:

• receiving, by the exchange computer system and from a user device, data indicative of (i) an order to trade a financial instrument, and (ii) one or more parameter values to configure the order;
• adding, by the exchange computer system, one or more legs to the order;
• transmitting, by the exchange computer system and to the user device, a request for clearing information corresponding to the one or more legs;
• receiving, by the exchange computer system and from the user device, data indicative of the clearing information corresponding to the one or more legs;
• configuring, by a customization engine of the exchange computer system, the order based on the one or more parameter values, and the data indicative of the clearing information;
• and
• executing the order, wherein the executing comprises matching, by an order matching system configured to match orders received through an order routing system of the exchange computer system, the order to an offer received from a second exchange computer system over a computer network connecting the exchange computer system and the second exchange computer system, and wherein the offer satisfies the one or more parameter values and the clearing information, and the second exchange computer system is different from the exchange computer system.

An exchange computer system comprising:

• one or more processors and one or more storage devices storing instructions that are operable, when executed by the one or more processors, to cause the one or more processors to perform operations comprising:
• receiving, by the exchange computer system and from a user device, data indicative of (i) an order to trade a financial instrument, and (ii) one or more parameter values to configure the order;
• adding, by the exchange computer system, one or more legs to the order;
• transmitting, by the exchange computer system and to the user device, a request for clearing information corresponding to the one or more legs;
• receiving, by the exchange computer system and from the user device, data indicative of the clearing information corresponding to the one or more legs;
• configuring, by a customization engine of the exchange computer system, the order based on the one or more parameter values, and the data indicative of the clearing information;
• and
• executing the order, wherein the executing comprises matching, by an order matching system configured to match orders received through an order routing system of the exchange computer system, the order to an offer received from a second exchange computer system over a computer network connecting the exchange computer system and the second exchange computer system, and wherein the offer satisfies the one or more parameter values and the clearing information, and the second exchange computer system is different from the exchange computer system.