Patent ID: 7389264
Filing Date: 2008-06-17
Classification: G06Q

Abstract:
1. A method of spread trading in an electronic trading system, the method comprising: establishing a spread between a first tradeable object and a second tradeable object; receiving a first market data comprising price information for the first tradeable object; receiving a second market data comprising price information for the second tradeable object; generating bids and offers for the spread using the price information for the first and second tradeable objects; displaying the bids and offers on a graphical user interface relative to a price axis; receiving a command from a user input device to select a location on the graphical user interface to initiate buying or selling the spread at a desired spread price, the location corresponding to a price level along the price axis; sending a trade order to an electronic exchange for the first tradeable object responsive to the command, the trade order having an order price based on a particular price received in the price information for the second tradeable object, and the order price is further based on the desired spread price; detecting a change in the particular price received in new price information for the second tradeable object; and sending an order transaction message to the electronic exchange to adjust the order price of the trade order based on the change in the particular price to maintain the desired spread price.