Patent ID: 8725621

Claim:
A system for implementing automated trading through an electronic exchange system network, comprising: a first computer in electronic communication with an electronic exchange system network, comprising a processor configured with logic for receiving electronic communications indicative of a current price of a derivative security traded on the electronic exchange system network, and logic for implementing an automated trading application, the automated trading application including: decision logic automatically determining, based at least in part on current price information of a security underlying the derivative security, whether one or more transaction request criteria for responding to the current price of the derivative security are satisfied; and request logic outputting a transaction request for the derivative security within 150 milliseconds of receiving the electronic communications when the one or more transaction request criteria are satisfied, the transaction request including an order or quote for the derivative security; and a second computer, remote from and communicatively coupled to the first computer, comprising a processor configured with logic for providing a graphic user interface that enables a trader to monitor operation of the system for implementing automated trading.