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.
Claims18
A method, comprising:
- receiving, via a processor, a user-selection for applying a static pay-up tick or applying a conditional pay-up tick to an offset order of a spread order;
- and
- applying, via the processor, the at least one of the static pay-up tick and the conditional pay-up tick to the offset order of the spread order,
- where in response to a selection of applying the static pay-up tick, the pay-up tick applied to the offset order of the spread order is not modifiable, and where in response to a selection of applying the conditional pay-up tick, the pay-up tick applied to the offset order of the spread order is modifiable in response to detection of a 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:
- receiving, via a processor, a user-selection for applying a static pay-up tick or applying a conditional pay-up tick to an offset order of a spread order;
- and
- applying, via the processor, the at least one of the static pay-up tick and the conditional pay-up tick to the offset order of the spread order,
- where in response to a selection of applying the static pay-up tick, the pay-up tick applied to the offset order of the spread order is not modifiable, and where in response to a selection of applying the conditional pay-up tick, the pay-up tick applied to the offset order of the spread order is modifiable in response to detection of a selected condition.
A client device comprising:
- a user input configured to receive a user-selection of a static pay-up tick and a conditional pay-up tick for an offset order of a spread order;
- and
- a processor coupled with the user inputs and configured to apply the static pay-up tick to the offset order of the spread order in response to a selection of the static pay-up tick and apply the conditional pay-up tick to the offset order of the spread order in response to selection of the conditional pay-up tick, where the static pay-up tick applied to the offset order of the spread order is not modifiable, and where the conditional pay-up tick applied to the offset order of the spread order is modifiable in response to detection of a selected condition.
Dependencies are inferred from the claim text.