Patent ID: 8352356
Filing Date: 2013-01-08
Classification: G06Q

Abstract:
1. A method including: detecting by a computing device a market direction change for a leg market of a trading strategy, wherein the trading strategy includes a first leg for a first tradeable object and a second leg for a second tradeable object, wherein the first leg is initially selected to be quoted and the second leg is initially selected to be hedged; dynamically switching by the computing device the selection of the leg to be quoted and the leg to be hedged based on the detected market direction change, wherein the second leg is selected as the leg to be quoted and the first leg is selected as the leg to be hedged; automatically initiating sending by the computing device a first message to a first electronic exchange to delete an order for the first tradeable object in response to dynamically switching the selection; and automatically initiating sending by the computing device a second message to a second electronic exchange to place an order for the second tradeable object in response to dynamically switching the selection, wherein the order for the second tradeable object has a price based on a desired strategy price for the trading strategy and market conditions of the first tradeable object.