System and method for dynamically regulating order entry in an electronic trading environment
AssigneeTrading Technologies International, Inc.
InventorEric M. Herz
Life of this patent
Estimating the term…
Abstract
A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy.
Claims14
A method for submitting orders for a tradeable object, comprising:
- detecting, via a processor, a first selected condition;
- and
- applying, via the processor, a dynamically modifiable pay-up tick to an offset order for a spread order, where the dynamically modifiable pay-up tick is modified in response to detecting the first selected condition.
A non-transitory computer readable medium having instructions stored thereon that when executed by a processor cause the processor to carry out acts comprising:
- detecting, via a processor, a first selected condition;
- and
- applying, via the processor, a dynamically modifiable pay-up tick to an offset order for a spread order, where the dynamically modifiable pay-up tick is modified in response to detecting the first selected condition.
Dependencies are inferred from the claim text.