SYSTEM AND METHOD FOR PERFORMING AUTOMATIC SPREAD TRADING
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Abstract
The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.
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Citations
12 Claims
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1. (canceled)
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2. A trading device comprising:
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a user input configured to receive a request to trade a spread between a plurality of tradable objects at a spread price, the spread comprising a first leg for a first tradable object and a second leg for a second tradable object; an electronic processor coupled with the user input device and configured to; cause a first order for the first tradable object to be submitted to an electronic exchange at a price, where the price is determined based on the spread price for the spread and market information for the second tradable object, compare a price condition for a working price for the spread to a spread limit; and cause a new order for the first tradable object to be submitted to the electronic exchange at a new price in response to a comparison of the price condition for the working price for the spread to the spread limit. - View Dependent Claims (3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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Specification