System and method for order placement in an electronic trading environment
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United States of America Patent
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Jan 5, 2010
Grant Date -
Apr 5, 2007
app pub date -
May 2, 2006
filing date -
Sep 30, 2005
priority date (Note) -
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status (Latency Note)
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Abstract
A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well.
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