# US 8,751,368 B2 · System and method for dynamically regulating order entry in an electronic trading environment > Agents: this data is available as JSON from the patentgrep API and MCP server — see https://patentgrep.com/llms.txt - Number: US 8,751,368 B2 - Document ID: US8751368B2 - Status: Granted - Kind: B2 - Application number: 13/709,692 - Filed: 2012-12-10 - Published: 2013-04-18 - Granted: 2014-06-10 - Earliest claimed: 2005-03-31 - Assignees: Trading Technologies International, Inc. - Applicants: Trading Technologies International, Inc. - Inventors: Eric M. Herz - Web page: https://patentgrep.com/patent/US8751368B2 ## 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 40/06: Asset management; Financial planning or analysis - 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 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. ## Claims ### Claim 1 A method, comprising: receiving, via a processor, a user-selection for applying a static pay-up tick and applying a conditional pay-up tick to an offset order of a spread order; and applying, via the processor, the user-selection of the user-selection 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 static 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 conditional pay-up tick applied to the offset order of the spread order is modifiable in response to detection of a selected condition. ### Claim 2 (depends on 1) The method of claim 1 where the selected condition is based on market data. ### Claim 3 (depends on 1) The method of claim 1 where the selected condition is based on at least one equation including a plurality of user-defined variables. ### Claim 4 (depends on 1) The method of claim 1 where the selected condition comprises a trader-performance based condition. ### Claim 5 (depends on 1) The method of claim 1 where applying the user-selection of the static pay-up tick and the conditional pay-up tick comprises setting a price for the offset order according to a pay-up tick value. ### Claim 6 (depends on 1) The method of claim 1 further comprising: detecting, via the processor, a second selected condition; and applying, via the processor, the user-selection of the static pay-up tick and the conditional pay-up tick to a further offset order for the spread order subsequent to detecting the second selected condition. ### Claim 7 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 and applying a conditional pay-up tick to an offset order of a spread order; and applying, via the processor, the user-selection 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 static 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 conditional pay-up tick applied to the offset order of the spread order is modifiable in response to detection of a selected condition. ### Claim 8 (depends on 7) The non-transitory computer readable medium of claim 7 where the selected condition is based on market data. ### Claim 9 (depends on 7) The non-transitory computer readable medium of claim 7 where the selected condition is based on at least one equation including a plurality of user-defined variables. ### Claim 10 (depends on 7) The non-transitory computer readable medium of claim 7 where the selected condition comprises a trader-performance based condition. ### Claim 11 (depends on 7) The non-transitory computer readable medium of claim 7 where applying the user-selection of the static pay-up tick and the conditional pay-up tick comprises setting a price for the offset order according to a pay-up tick value. ### Claim 12 (depends on 7) The non-transitory computer readable medium of claim 7 where the acts further comprise: detecting, via the processor, a second selected condition; and applying, via the processor, the user-selection of the static pay-up tick and the conditional pay-up tick to a further offset order for the spread order subsequent to detecting the second selected condition. ### Claim 13 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 input 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. ### Claim 14 (depends on 13) The client device of claim 13 where the selected condition is based on market data. ### Claim 15 (depends on 13) The client device of claim 13 where the selected condition is based on at least one equation including a plurality of user-defined variables. ### Claim 16 (depends on 13) The client device of claim 13 where the selected condition comprises a trader-performance based condition. ### Claim 17 (depends on 13) The client device of claim 13 where applying the user-selection of the pay-up tick and the conditional pay-up tick comprises setting a price for the offset order according to a pay-up tick value. ### Claim 18 (depends on 13) The client device of claim 13 where the processor is further configured to apply at least one of a second static pay-up tick and a second conditional pay-up tick to a further offset order for the spread order subsequent to detecting a second selected condition.