System and method for dynamically regulating order entry in an electronic trading environment
View Patent ↗A system and method are provided for trading a trading strategy defined for at least one tradeable object in an electronic trading environment. More specifically, one example method includes using a first pay-up tick value to determine a first acceptable price level for an order associated with the trading strategy, automatically modifying the first pay-up tick to a second pay-up tick value in response to detecting a predefined condition, and using the second pay-up tick value to determine a second acceptable price level for the order associated with the trading strategy.
1. A method for submitting orders for a tradeable object, comprising:
detecting a user-defined condition via a processor;
in response to detecting the user-defined condition, dynamically modifying a first pay-up tick value for a price for an offset order for a tradeable object via the processor; and
determining the price for the offset order according to the modified first pay-up tick value via the processor.
2. The method of claim 1 further comprising setting the price based on the modified first pay-up tick value.
3. The method of claim 1 where the order derives from a trading strategy.
4. The method of claim 1 further comprising determining the user-defined condition according to market data.
5. The method of claim 1 further comprising determining a first price range according to the modified first pay-up tick value.
6. The method of claim 5 further comprising dynamically modifying a second pay-up tick value in response to detecting the user-defined condition.
7. The method of claim 6 further comprising determining a second price range according to the modified second pay-up tick value.
8. A method for trading a tradeable object, comprising
dynamically modifying a first pay-up tick value in response to detecting a user-defined condition via a client device; and
determining a price for an offset order for a trading strategy according to the modified first pay-up tick value via the client device.
9. The method of claim 8 further comprising submitting an order for a tradeable object at the price.
10. The method of claim 8 further comprising determining a first price range according to the modified first pay-up tick value.
11. The method of claim 10 further comprising dynamically modifying a second pay-up tick value in response to detecting the user-defined condition.
12. The method of claim 11 further comprising determining a second price range according to the modified second pay-up tick value.
13. The method of claim 8 further comprising detecting the user-defined condition based on market data.
14. A non-transitory computer readable medium having instructions stored thereon that when executed by a processor cause the processor to carry out acts comprising:
dynamically modifying a first pay-up tick value in response to detecting a user-defined condition; and
determining a price for an offset order for a trading strategy according to the modified first pay-up tick value.
15. The non-transitory computer readable medium of claim 14 where the acts further comprise submitting an order for a tradeable object at the price.
16. The non-transitory computer readable medium of claim 14 where the acts further comprise determining a first price range according to the modified first pay-up tick value.
17. The non-transitory computer readable medium of claim 16 where the acts further comprise dynamically modifying a second pay-up tick value in response to detecting the user-defined condition.
18. The non-transitory computer readable medium of claim 17 where the acts further comprise determining a second price range according to the modified second pay-up tick value.
19. The non-transitory computer readable medium of claim 14 where the acts further comprise detecting the user-defined condition based on market data.