Patent ID: 8195561

Claim:
A method including: receiving by a computing device a desired strategy price for a trading strategy including a first leg for a first tradeable object and second leg for a second tradeable object, wherein the first leg for the first tradable object is initially selected as a leg to be quoted and the second leg for the second tradeable object is initially selected as a leg to be hedged; dynamically switching by the computing device the selection of the leg to be quoted and the leg to be hedged such that the second leg for the second tradeable object is selected as the leg to be quoted and the first leg for the first tradeable object is selected as the leg to be hedged; determining by the computing device a price of an order to buy or sell the second tradeable object based on the desired strategy price and market conditions for the first tradeable object; automatically initiating by the computing device placement of the order to buy or sell the second tradeable object at the determined price to a second electronic exchange in response to dynamically switching the selection; and automatically sending by the computing device a message to a first electronic exchange to delete an order to buy or sell the first tradeable object in response to dynamically switching the selection.