Pair library trading system and method

1. A computer-implemented method of trading a pair of securities, comprising the steps of:

retrieving a previously configured pair trade request wherein said previously configured pair trade request includes a plurality of parameters includes parameters from the group including a buy symbol, a buy quantity, a sell symbol, a sell quantity, a buy ratio, a sell ratio, a minimum wave amount, a maximum wave amount, a slippage amount, a wave stop loss unit, a nuisance cancel amount, an improve cancel unit and a minimum order distance; and

submitting said previously configured pair trade request to a computer-implemented pair trade fulfillment module,

wherein at least one of said steps is implemented with a computer.

2. The method of claim 1 , further comprising the step of:

archiving at least one past pair trade in a pair trade archive; and

wherein said step of retrieving a previously configured pair trade request includes the step of:

retrieving said at least one past pair trade from said pair trade archive.

3. The method of claim 1 , further comprising the step of:

storing at least one pre-defined pair trade request in a pair trade library; and

wherein said step of retrieving a previously configured pair trade request includes the step of:

retrieving said at least one pre-defined pair trade from said pair trade library.

4. The method of claim 3 , wherein said at least one pre-defined pair trade is formulated by a pair trader.

5. The method of claim 1 , wherein the step of retrieving includes the step of:

retrieving a previously configured pair trade request based on at least one search criteria.

6. The method of claim 5 , wherein said at least one search criteria is a date.

7. The method of claim 5 , wherein said at least one search criteria is selected from a group including a trader name and a security name.

8. The method of claim 1 , wherein said previously configured pair trade request includes a plurality of parameters and further comprising the step of:

modifying at least one of said plurality of parameters.

9. The method of claim 1 , wherein said previously configured pair trade request includes a plurality of parameters and further comprising the step of:

providing a shortcut for automatically modifying at least one of said plurality of parameters according to a trading strategy.

10. The method of claim 9 , wherein said shortcut is selected from the group including Flip with Short, Flip with Long, Toggle Short and Order Unfilled Quantity.

11. The method of claim 1 , wherein said pair trade fulfillment module includes a pair trading engine.

12. The method of claim 1 , wherein said pair trade fulfillment module includes a pair crossing network.

13. The method of claim 1 , wherein said pair trade fulfillment module includes a pair trading engine and a pair crossing network.

14. A computer-implemented system of trading a pair of securities, comprising:

a computer-implemented pair trade fulfillment module for fulfilling a pair trade request; and

a computer-implemented pair trade store for storing previously configured pair trades;

wherein at least one of said previously configured pair trades is retrieved from said pair trade store and is submitted to said pair trade fulfillment module; and

wherein said previously configured pair trade request includes a plurality of parameters includes parameters from the group including a buy symbol, a buy quantity, a sell symbol, a sell quantity, a buy ratio, a sell ratio, a minimum wave amount, a maximum wave amount, a slippage amount, a wave stop loss unit, a nuisance cancel amount, an improve cancel unit and a minimum order distance.

15. The system of claim 14 , wherein said pair trade store is a pair trade archive for storing past pair trades.

16. The system of claim 14 , wherein said pair trade store is a pair library for storing pre-defined pair trades.

17. The system of claim 16 , wherein said at least one pre-defined pair trade is formulated by a pair trader.

18. The system of claim 14 , wherein said at least one previously configured pair trade is retrieved based on at least one search criteria.

19. The system of claim 18 , wherein said at least one search criteria is a date.

20. The system of claim 18 , wherein said at least one search criteria is selected from a group including a trader name and a security name.

21. The system of claim 14 , wherein said at least one of said previously configured pair trade includes a plurality of parameters and at least one of said plurality of parameters is modified.

22. The system of claim 14 , wherein said at least one of said previously configured pair trades includes a plurality of parameters and further comprising a shortcut for automatically modifying at least one of said plurality of parameters according to a trading strategy.

23. The system of claim 22 , wherein said shortcut is selected from a group including Flip with Short, Flip with Long, Toggle Short and Order Unfilled Quantity.

24. The system of claim 14 , wherein said pair trade fulfillment module includes a pair trading engine.

25. The system of claim 14 , wherein said pair trade fulfillment module includes a pair crossing network.

26. The system of claim 14 , wherein said pair trade fulfillment module includes a pair trading engine and a pair crossing network.

27. A computer-implemented method of trading a pair of securities, comprising the steps of:

retrieving a previously configured pair trade request, said previously configured pair trade request includes a plurality of parameters includes parameters from the group including a buy symbol, a buy quantity, a sell symbol, a sell quantity, a buy ratio, a sell ratio, a minimum wave amount, a maximum wave amount, a slippage amount, a wave stop loss unit, a nuisance cancel amount, an improve cancel unit and a minimum order distance;

modifying at least one of said plurality of parameters; and

submitting said previously configured pair trade request to a computer-implemented pair trade fulfillment module,

wherein at least one of the steps is implemented with a computer.