System and method for aggressively trading a strategy in an electronic trading environment
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United States of America Patent
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Jul 19, 2022
Grant Date -
N/A
app pub date -
Dec 17, 2020
filing date -
May 28, 2008
priority date (Note) -
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status (Latency Note)
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Abstract
System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.
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