Patent ID: 7447655
Filing Date: 2008-11-04
Classification: G06Q

Abstract:
1. A method for automatic scalping a tradable object in an electronic trading environment, the method comprising: receiving a market data feed from an electronic exchange, the market data feed comprising an inside market with a best bid price and a best ask price currently available for the tradeable object; displaying a bid display region and an ask display region in relation to a common static axis of prices, each region comprising a plurality of locations, wherein each location corresponds to a price level along the common static axis of prices, wherein the bid display region comprises a first indicator displayed in a location corresponding to the best bid price currently available for the tradeable object, and wherein the ask display region comprises a second indicator displayed in a location corresponding to the best ask price currently available for the tradeable object; displaying along the common static axis of prices a target price indicator associated with a target price based on which an order is to be automatically entered for the tradable object; detecting at a computer device a series of upward price increases based on best bid prices and best ask prices being received from the electronic exchange in the market data feed; in the series of the upward price increases, responsive to detecting that the inside market crosses the target price associated with the target price indicator, automatically entering a first order to sell the tradeable object; determining at a computer device that at least a portion of a quantity associated with the first order to sell has been filled; detecting at a computer device a series of downward price decreases based on best bid prices and best ask prices being received from the electronic exchange in the market data feed; and in the series of the downward price decreases, responsive to detecting that the inside market crosses the target price associated with the target price indicator, automatically entering a second order to buy the tradeable object to offset a position created with the first order to sell, wherein a quantity of the second order to buy is set equal to the quantity of the first order to sell that was filled.