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.
Claims19
A method for submitting orders for a tradeable object, comprising:
- detecting a user-defined condition via a processor;
- in response to detecting the user-defined condition, dynamically modifying a first pay-up tick value for a price for an offset order for a tradeable object via the processor;
- and
- determining the price for the offset order according to the modified first pay-up tick value via the processor.
A method for trading a tradeable object, comprising
- dynamically modifying a first pay-up tick value in response to detecting a user-defined condition via a client device;
- and
- determining a price for an offset order for a trading strategy according to the modified first pay-up tick value via the client device.
A non-transitory computer readable medium having instructions stored thereon that when executed by a processor cause the processor to carry out acts comprising:
- dynamically modifying a first pay-up tick value in response to detecting a user-defined condition;
- and
- determining a price for an offset order for a trading strategy according to the modified first pay-up tick value.
Dependencies are inferred from the claim text.