Patent ID: 8799144

Claim:
A system including: a computing device, wherein the computing device is configured to select a first hedge price, wherein the first hedge price is a price level for a second tradeable object of a trading strategy, wherein the trading strategy is specified by a definition and includes a first leg for a first tradeable object and a second leg for the second tradeable object, wherein a first hedge quantity is available at the first hedge price; wherein the computing device is configured to initiate placement of a first order for the first tradeable object, wherein the first order is at a first price for a first quantity, wherein the first price is determined based on a desired strategy price for the trading strategy and the first hedge price, wherein the first quantity is determined based on the definition for the trading strategy, a desired strategy quantity for the trading strategy, and the first hedge quantity; wherein the computing device is configured to select a second hedge price, wherein the second hedge price is a price level for the second tradeable object, wherein a second hedge quantity is available at the second hedge price, wherein the second hedge price is different from the first hedge price; and wherein the computing device is configured to initiate placement of a second order for the first tradeable object, wherein the second order is at a second price for a second quantity, wherein the second price is determined based on the desired strategy price and the second hedge price, wherein the second quantity is determined based on the definition for the trading strategy, the desired strategy quantity, the second hedge quantity, and at least one of the first quantity and the first hedge quantity.