Patent ID: 8301541
Filing Date: 2012-10-30
Classification: G06Q

Abstract:
1. A computer based method for entering an order for a tradeable object being traded at an electronic exchange, the method comprising: receiving a first market data for a first tradeable object at a computing device, the first market data comprising a first inside market that represents a highest bid price currently available for the first tradeable object and a lowest ask price currently available for the first tradeable object; receiving a second market data for a second tradeable object at the computing device, the second market data comprising a second inside market that represents a highest bid price currently available for the second tradeable object and a lowest ask price currently available for the second tradeable object; receiving a first order quantity to buy or sell the first tradeable object at the computing device; determining an offset order quantity to buy or sell the second tradeable object via the computing device based on an established relationship between the first tradeable object and the second tradeable object; in response to determining that an actual order quantity available at the second inside market is less than the offset order quantity: sending the first order at the first price for the new first order quantity for the first tradeable object and the second order at the second price for the second order quantity for the first tradeable object to the electronic exchange via the computing device; subsequent to the step of sending the first order to the electronic exchange, detecting a change in the actual order quantity available at the second inside market via the computing device; and changing the new first order quantity of the first order pending at the electronic exchange via the computing device based on the change in the actual order quantity available at the second inside market when a change in the new first order quantity does not exceed a threshold value.