Patent ID: 11861705
Assignee: TRADING TECHNOLOGIES INTERNATIONAL, INC.
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 0:
1. A computer-readable medium having stored therein instructions for an automated trading tool, the instructions for the automated trading tool being executable by a processor to perform operations, the operations comprising:
receiving a desired strategy price for a trading strategy including a first tradeable object and a second tradeable object;
receiving first market information for the first tradeable object from a first electronic exchange over a network and second market information for the second tradeable object from a second electronic exchange over the network, wherein the first market information includes a first inside market for the first tradeable object, wherein the second market information includes a second inside market for the second tradeable object, wherein the first inside market includes a best bid and a best ask for the first tradeable object, wherein the second inside market includes a best bid and a best ask for the second tradeable object;
determining whether the first inside market for the first tradeable object includes a market gap between the best bid and the best ask for the first tradeable object, wherein the market gap includes a plurality of price levels between the best bid and the best ask for the first tradeable object without an available quantity;
determining a leaned-on price at a selected price level of the plurality of price levels within the market gap, wherein the selected price level of the leaned-on price within the market gap is determined based on a level of quoting aggressiveness, wherein the selected price level is at least one price level above the best bid price for the first tradeable object when the first tradeable object would be bought according to the trading strategy, wherein the selected price level is at least one price level below the best ask for the first tradeable object when the first tradeable object would be sold according to the trading strategy;
calculating a quote order price for a quote order for the second tradeable object of the trading strategy based on the leaned-on price associated with the selected price level and the desired strategy price; and
automatically submitting the quote order for the second tradeable object at the calculated quote order price to the second electronic exchange over the network.