Patent ID: 8046284
Filing Date: 2011-10-25
Classification: G06Q

Abstract:
1. A method including: generating, by a computing device, an order to sweep one or more price levels for a tradeable object on behalf of a particular trading entity, wherein the one or more price levels are for a first side, wherein the first side is one of a bid side and an ask side, wherein the order to sweep is for a sweep quantity; identifying, by the computing device, one or more working orders at an electronic exchange for the tradeable object, wherein the one or more working orders were placed on behalf of the particular trading entity, wherein the one or more working orders are on a second side, wherein the second side is opposite from the first side, wherein the one or more working orders are at prices in the one or more price levels of the order to sweep; initiating, by the computing device, deletion of the one or more working orders prior to initiating placement of the order to sweep; adjusting, by the computing device, the sweep quantity for the order to sweep by subtracting a working quantity for each of the one or more working orders; and initiating, by the computing device, placement of the order to sweep with the adjusted sweep quantity.