Patent ID: 8712896

Claim:
A method of reaching one or more target positions in a user-directed trading system comprising the steps of: identifying one or more target positions, wherein each target position includes a tradable instrument identifier and a target quantity; for at least one of the target positions, identifying a corresponding initial position including a current quantity associated with the tradable instrument identifier; and triggering the trading system to identify one or more orders required to reach at least one target position from at least one initial position; and triggering the trading system to execute one or more of the orders identified as being required to reach the at least one target position from the at least one initial position, wherein the trading system is configured to take a selected execution approach in executing the one or more of the orders identified as being required to reach the at least one target position from the at least one initial position, wherein the selected execution approach is based on a tradable instrument state of at least one tradable instrument associated with the one or more of the orders identified as being required to reach the at least one target position from the at least one initial position, wherein the tradable instrument state setting is configured to be on or off, wherein the selected execution approach is selected from a group of execution approaches including an execution approach in which only those orders identified as being required to reach the target positions from the initial positions for which the tradable instrument state of the tradable instrument is on will be executed.