Patent ID: 7426490
Filing Date: 2008-09-16
Classification: G06Q

Abstract:
1. A method for order entry in an automated trading environment having at least one accessible electronic exchange to trade at, the method comprising the steps of: establishing an order quantity; receiving a threshold, the threshold value being used to determine whether to send an order to an electronic exchange depending on whether a length of a queue in a market is shorter or longer than a length defined by the threshold value, and the threshold value representing at least one of the following: a particular quantity value and a particular number of orders value; determining a length of a queue for a given price level in the market, the length of the queue representing at least one of the following: a quantity currently available in the market to buy or sell a tradeable object at the given price level and a number of orders currently available in the market to buy or sell the tradeable object at the given price level; comparing the length of the queue to the threshold value; automatically sending an order to buy the order quantity at a given price level when the given price level is equal to or less than a current highest bid price, and when the length of the queue is equal to or less than the threshold value; and automatically sending an order to sell the order quantity at a given price level when the given price level is equal to or greater than a current highest ask price, and when the length of the queue is equal to or less than the threshold value.