# US 2014/0195401 A1 · System and method for quick quote configuration > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 2014/0195401 A1 - Document ID: US20140195401A1 - Status: Published application - Kind: A1 - Application number: 14/049,471 - Filed: 2013-10-09 - Published: 2014-07-10 - Earliest claimed: 2004-12-28 - Assignees: Trading Technologies International, Inc. - Applicants: Trading Technologies International, Inc. - Inventors: Simon Tam - Web page: https://patentgrep.com/patent/US20140195401A1 ## CPC - G06Q 40/04: Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange - G06Q 40/00: Finance; Insurance; Tax strategies; Processing of corporate or income taxes - G06Q: INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR ## Abstract A method and system are described for providing a trader with the ability to quickly configure the quoting side of a trading tool, without experiencing the normal delays associated with conventional methods of quoting. In spread trading, an automated spread trading tool may automatically work an order to buy or sell a tradeable object. A user may configure the trading tool to work an order in a certain tradeable object first. The system allows the user to essentially on-the-fly configure the trading tool to work a second order in another tradeable object, and in response to the change, the system can take specific actions such as deleting the order in the first tradeable object and automatically entering the second order in the other tradeable object. This allows the trader to trade quickly and efficiently. ## Claims ### Claim 1 (canceled) ### Claim 2 A method including: providing by a computing device a selection icon in a user interface, wherein the user interface includes a spread trading strategy interface for trading a spread trading strategy, wherein the spread trading strategy includes a first tradeable object and a second tradeable object; receiving by the computing device a first quick quote command through the selection icon from a user, wherein, at the time the first quick quote command is received, a first quoting order to buy or sell the first tradeable object is working at a first electronic exchange; automatically sending by the computing device, in response to receiving the first quick quote command, a message to delete the first quoting order; calculating by the computing device, in response to receiving the first quick quote command, a price to buy or sell the second tradeable object based on a desired spread price and market conditions in the first tradeable object; and automatically sending by the computing device, in response to receiving the first quick quote command, a second quoting order to buy or sell the second tradeable object to a second electronic exchange at the calculated price. ### Claim 3 (depends on 2) The method of claim 2, wherein the selection icon includes a slider. ### Claim 4 (depends on 2) The method of claim 2, wherein the selection icon includes one or more buttons. ### Claim 5 (depends on 2) The method of claim 2, wherein the first electronic exchange is the same as the second electronic exchange. ### Claim 6 (depends on 2) The method of claim 2, wherein the first electronic exchange is different than the second electronic exchange. ### Claim 7 (depends on 2) The method of claim 2, wherein the market conditions in the first tradeable object include the best bid price for the first tradeable object when the second quoting order is to buy the second tradeable object and the best ask price for the first tradeable object when the second quoting order is to sell the second tradeable object. ### Claim 8 (depends on 2) The method of claim 2, wherein the desired spread price is specified when the first quoting order is placed. ### Claim 9 (depends on 2) The method of claim 2, wherein the first quick quote command is received through the selection icon by an input from a mouse. ### Claim 10 (depends on 2) The method of claim 2, wherein the first quick quote command is received through the selection icon by an input from a keyboard. ### Claim 11 (depends on 2) The method of claim 2, further including: receiving by the computing device a fill notification for the second quoting order; calculating by the computing device, in response to receiving the fill notification, a hedging price to buy or sell the first tradeable object based on the desired spread price and fill notification; and automatically sending by the computing device, in response to receiving the fill notification, a hedging order to buy or sell the first tradeable object to the first electronic exchange at the hedging price. ### Claim 12 (depends on 2) The method of claim 2, further including: receiving by the computing device a second quick quote command through the selection icon from the user; automatically sending by the computing device, in response to receiving the second quick quote command, a message to delete the second quoting order; calculating by the computing device, in response to receiving the second quick quote command, a second price to buy or sell the first tradeable object based on the desired spread price and market conditions in the second tradeable object; and automatically sending by the computing device, in response to receiving the second quick quote command, a third quoting order to buy or sell the first tradeable object to the first electronic exchange at the calculated second price. ### Claim 13 (depends on 12) The method of claim 12, wherein the market conditions in the second tradeable object include the best bid price for the second tradeable object when the third quoting order is to buy the first tradeable object and the best ask price for the second tradeable object when the third quoting order is to sell the first tradeable object. ### Claim 14 (depends on 2) The method of claim 2, further including: receiving by the computing device an all quick quote command through the selection icon from a user; calculating by the computing device, in response to receiving the all quick quote command, a second price to buy or sell the first tradeable object based on the desired spread price and market conditions in the second tradeable object; and automatically sending by the computing device, in response to receiving the all quick quote command, a third quoting order to buy or sell the first tradeable object to the first electronic exchange at the calculated second price.