Patent ID: 7844536
Filing Date: 2010-11-30
Classification: G06Q

Abstract:
1. A method for managing orders in an electronic trading environment comprising: submitting a first order to trade a first quantity of a first tradeable object at a first price to a first electronic exchange via a computing device, the submitted first order pending in a first order book at the first electronic exchange for the first tradeable object and being executable by the first electronic exchange at a first time; in response to submitting the first order, submitting a second order to trade a second quantity of a second tradeable object at a second price via the computing device, the second quantity being set according to a predetermined quantity relationship between the second quantity and the first quantity, the second order being submitted to a second electronic exchange substantially simultaneously as submitting the first order, the submitted second order pending in a second order book at the second electronic exchange for the second tradeable object and being executable by the second electronic exchange at the first time that the first order is pending in the first order book at the first electronic exchange and executable by the first electronic exchange; detecting, via the computing device, a change in at least one order parameter of the submitted first order at the first time; and in response to detecting the change in the at least one order parameter, submitting a first update message via the computing device to the second electronic exchange to change at least one order parameter of the second order pending in the second order book.