Patent ID: 7505932
Filing Date: 2009-03-17
Classification: G06Q

Abstract:
1. A method of placing a trade order for a commodity on an electronic exchange using a client system, the method comprising: setting a preset offset parameter responsive to receiving a command from a user input device; initiating placement of a trade order with a single action of a user relating to the commodity at a price, wherein the step of initiating placement comprises selecting the price; establishing a second price value; computing an acceptable range of prices by a computer processor at which a trade order can be sent, wherein the acceptable range of prices is based on the preset offset parameter and the second price value: comparing the price to the acceptable range of prices; when the price is within the acceptable range of prices, automatically electronically sending the trade order to the electronic exchange; and when the price is outside the acceptable range of prices, automatically electronically refraining from sending the trade order to the electronic exchange.