Patent ID: 7747510

Claim:
A method of trading in an electronic trading environment, the method comprising: receiving by a computing device a definition for a spread strategy comprising at least a first tradeable object and a second tradeable object; receiving by the computing device a desired spread price; automatically placing by the computing device a first order in an order book of a first electronic matching process corresponding to the first tradeable object, the first order being placed at a first price that is computed based on market conditions in the second tradeable object and the desired spread price; automatically placing by the computing device a second order in an order book of a second electronic matching process corresponding to the second tradeable object, the second order being placed at a second price that is computed based on market conditions in the first tradeable object and the desired spread price; receiving by the computing device an indication that a quantity of the first order is filled by the first electronic matching process after the first order and the second order are placed; determining by the computing device after the first order and the second order are placed whether the second order can be used to offset the quantity filled of the first order by determining if the second price corresponding to the second order would result in achieving a price associated with the desired spread price; using by the computing device the second order to offset the quantity filled for the first order in an attempt to achieve the desired spread price when the second order would result in achieving the price associated with the desired spread price; and cancelling the second order at the second price when the second order would not result in achieving the price associated with the desired spread price and placing a third order at a third price that would result in achieving the price associated with the desired spread price.