System and method for dynamically regulating order entry in an electronic trading environment
First Claim
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1. A method for trading using a trading strategy defined for at least one tradeable object in an electronic trading environment, comprising:
- electronically determining a first acceptable price level for an order associated with the trading strategy based on a first pay-up tick value via a processor associated with a trading device, wherein the first pay-up tick value is a number of ticks;
automatically modifying the first pay-up tick value to a second pay-up tick value in response to detecting a predefined condition via the processor associated with the trading device; and
electronically determining a second acceptable price level for the order associated with the trading strategy based on the second pay-up tick value via the processor associated with the trading device.
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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.
69 Citations
20 Claims
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1. A method for trading using a trading strategy defined for at least one tradeable object in an electronic trading environment, comprising:
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electronically determining a first acceptable price level for an order associated with the trading strategy based on a first pay-up tick value via a processor associated with a trading device, wherein the first pay-up tick value is a number of ticks; automatically modifying the first pay-up tick value to a second pay-up tick value in response to detecting a predefined condition via the processor associated with the trading device; and electronically determining a second acceptable price level for the order associated with the trading strategy based on the second pay-up tick value via the processor associated with the trading device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method for trading using a trading strategy defined for at least one tradeable object in an electronic trading environment, comprising:
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electronically providing a first pay-up tick value to be used for determining a first acceptable price level for an order associated with the trading strategy via a processor associated with a trading device, wherein the first pay-up tick value is a number of ticks; defining a condition associated with the trading strategy via a processor associated with a trading device; monitoring data associated with the condition via a processor associated with the trading device; automatically modifying the first pay-up tick value to a second pay-up tick value in response to detecting a predefined condition via a processor associated with the trading device; and electronically providing the second pay-up tick value to be used for determining a second acceptable price level for the order associated with the trading strategy via a processor associated with the trading device. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A computer readable medium having program code instructions recorded thereon that when executed on a computer cause the computer to perform a method to trade using a trading strategy, the method comprising:
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electronically determining a first acceptable price level for an order associated with the trading strategy based on a first pay-up tick value via a processor associated with a trading device, wherein the first pay-up tick value is a number of ticks; automatically modifying the first pay-up tick value to a second pay-up tick value in response to detecting a predefined condition via the processor associated with the trading device; and electronically determining a second acceptable price level for the order associated with the trading strategy based on the second pay-up tick value via the processor associated with the trading device.
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20. A computer readable medium having program code instructions recorded thereon that when executed on a computer cause the computer to perform a method to trade using a trading strategy, the method comprising:
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electronically providing a first pay-up tick value to be used for determining a first acceptable price level for an order associated with the trading strategy via a processor associated with a trading device, wherein the first pay-up tick value is a number of ticks; defining a condition associated with the trading strategy via the processor associated with the trading device; monitoring data associated with the condition via the processor associated with the trading device; automatically modifying the first pay-up tick value to a second pay-up tick value in response to detecting a predefined condition via the processor associated with the trading device; and electronically providing the second pay-up tick value to be used for determining a second acceptable price level for the order associated with the trading strategy via the processor associated with the trading device.
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Specification