Patent ID: 7574391
Filing Date: 2009-08-11
Classification: G06Q

Abstract:
1. A method performed by a computing device for entering an order for a tradeable object being traded at an electronic exchange, wherein the computing device is remotely located from the electronic exchange, the method comprising: receiving, by the computing device, a definition for a spread to electronically trade between a first tradeable object and a second tradeable object, wherein the first tradeable object and the second tradeable object are listed at an electronic exchange; receiving, by the computing device, a desired spread price to buy or sell a designated quantity of the spread; determining, by the computing device, a first total quantity to buy or sell the first tradeable object and a second total quantity to buy or sell the second tradeable object based on the designated quantity; generating, by the computing device, a plurality of orders to buy or sell the first total quantity of the first tradeable object, wherein each of the plurality of orders comprises a different price level based on a market price in the second tradeable object, the desired spread price, and quantity available at specific price levels comprising the market price in the second tradeable object; assigning, by the computing device, a quantity to each of the plurality of orders based on the quantity available at the specific price levels in the second tradeable object such that the quantity assigned to the plurality of orders comprises the first total quantity; and sending, by the computing device, the plurality of orders to the electronic exchange.