System and method for dynamically changing an electronic trade order quantity
AssigneeTrading Technologies International, Inc.
InventorsSagy Pundak Mintz, Michael J. Burns, Thomas A. Peterson
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Abstract
A system and methods for dynamically changing a trade order quantity in an electronic trading environment are described herein. According to one example embodiment, an automated trading tool determines if a leaned on quantity of a trading strategy has increased or decreased and if so, dynamically changing a desired order quantity to reflect the change in the leaned on quantity. Dynamically changing an order quantity may be more profitable for a trader as order queue position may be maintained and portion of the desired order quantity may get filled; rather than a trader losing their order queue position and/or taking a chance of not getting any of their order quantity filled.
Claims12
A method including:
- sending by a computing device a first command to enter a first trade order for a first tradeable object, wherein the first trade order includes an order quantity, wherein the order quantity is based on a definition for a trading strategy, a desired strategy quantity, and market data for a second tradeable object, wherein the trading strategy includes the first tradeable object and the second tradeable object;
- detecting by the computing device a decrease in quantity available for the second tradeable object;
- determining by the computing device a new quantity based on the definition for the trading strategy and the decrease in quantity available for the second tradeable object;
- and
- sending by the computing device a second command to decrease the order quantity of the first trade order to the new quantity when the decrease in quantity available for the second tradeable object conforms to a decrease parameter.
Dependencies are inferred from the claim text.