Patent ID: 7844541

Claim:
A computer readable medium having stored therein instructions executable by a processor to perform a method including: providing at a computing device a slider switch adapted to allow a user using a user input device to dynamically switch between a first tradable object and a second tradable object when trading a spread, wherein the spread is between the first tradable object and the second tradable object; receiving at the computing device a first quick quote command to trade the second tradable object and hedge into the first tradable object; sending from the computing device a first order to buy or sell the second tradable object to an electronic exchange at a price based on a desired spread price and market conditions in the first tradable object in response to the first quick quote command, wherein a first hedging order to buy or sell the first tradable object is sent to the electronic exchange when the first order is filled by the electronic exchange to complete the spread; receiving at the computing device a second quick quote command through the slider switch for dynamically switching to trade the first tradable object and hedge into the second tradable object, wherein the second quick quote is received subsequent to sending the first order to buy or sell the second tradable object to the electronic exchange, but before the first order is completely filled by the electronic exchange; automatically sending from the computing device a message to delete the first order to buy or sell the second tradable object to the electronic exchange in response to the second quick quote command; computing at the computing device a price of a second order to buy or sell the first tradable object based on the desired spread price and market conditions in the second tradable object; and automatically sending from the computing device the second order to buy or sell the first tradable object at the computed price to an electronic exchange in response to the second quick quote command.