Patent ID: 7813995
Filing Date: 2010-10-12
Classification: G06Q

Abstract:
1. A method for estimating a last traded price for a spread, the method comprising: receiving by a computing device a definition for a spread, wherein the spread is between at least a first tradeable object and a second tradeable object, wherein the first tradeable object and the second tradeable object are different; receiving by the computing device market data for the first tradeable object and the second tradeable object, wherein the market data includes a highest bid price and a lowest ask price for the second tradeable object; detecting by the computing device a change in the market data for the first tradeable object; determining by the computing device a characterization for the first tradeable object based on the detected change, wherein the characterization includes one of the first tradeable object has been bought and the first tradeable object has been sold; estimating by the computing device a last traded price for the spread based on the definition for the spread, the characterization for the first tradeable object, and at least one of the highest bid price and the lowest ask price for the second tradeable object.