Patent ID: 8768816
Filing Date: 2014-07-01
Classification: G06Q

Abstract:
1. A method for trading a tradable object in an electronic trading environment, comprising: receiving market data for a tradeable object via a processor associated with a client device, the market data defining an inside market having at least a best bid price currently available for the tradeable object and a best ask price currently available for the tradeable object; displaying an axis of values for the tradeable object according to the market data via an output associated with the client device; displaying a target price indicator along the axis of values at one of a plurality of values of the axis of values associated with a target price for automatically submitting an order for the tradeable object via the output; monitoring movement of the inside market relative to the target price to detect the inside market crossing the target price via the processor; in response to detecting the inside market crossing the target price in a first direction, automatically submitting a first order at a first price for a first quantity of the tradeable object via the processor; determining that at least a portion of the first quantity has been filled at the first price via the processor; and in response to detecting that the inside market crosses the target price in a second direction, automatically submitting a second order at a second price for a second quantity of the tradeable object via the processor, wherein the second quantity offsets a position created by filling the at least a portion of the first quantity that was filled.