Patent ID: 8301532
Filing Date: 2012-10-30
Classification: G06Q

Abstract:
1. A system including: a computing device, wherein the computing device is adapted to generate an order to sweep one or more price levels for a tradeable object on behalf of a particular trading entity, wherein the one or more price levels are for a first side, wherein the first side is one of a bid side and an ask side, wherein the order to sweep is for a sweep quantity; wherein the computing device is adapted to identify one or more working orders at an electronic exchange for the tradeable object, wherein the one or more working orders were placed on behalf of the particular trading entity, wherein the one or more working orders are on a second side, wherein the second side is opposite from the first side, wherein the one or more working orders are at prices in the one or more price levels of the order to sweep; wherein the computing device is adapted to initiate deletion of the one or more working orders prior to initiating placement of the order to sweep; wherein the computing device is adapted to adjust the sweep quantity for the order to sweep by subtracting a working quantity for each of the one or more working orders; and wherein the computing device is adapted to initiate placement of the order to sweep with the adjusted sweep quantity.