Patent ID: 7849001
Filing Date: 2010-12-07
Classification: G06Q

Abstract:
1. A method for submitting orders from an automated trading tool to an electronic exchange, the method comprising: generating, via a computer device, an order message for an order to trade a first tradeable object with a price based on a spread price and an inside market for a second tradeable object, where the spread price is for a spread between the first tradeable object and the second tradeable object, and where the inside market for the second tradeable object includes a highest bid price for the second tradeable object and a lowest ask price for the second tradeable object; determining a price range via the computer device, the price range determined according to a proximity limit and a reference price for the first tradeable object; comparing, via the computer device, the price with the price range; and submitting, via the computer device, the order message to the electronic exchange according to comparing the price with the price range.