System and method for dynamically regulating order entry in an electronic trading environment
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:
dynamically modifying, via a processor, a first pay-up tick value for a price for an offset order for a tradeable object in response to a detected user-defined condition.
2. The method of claim 1 further comprising setting the price for the offset order according to the modified first pay-up tick value.
3. The method of claim 2 further comprising initiating submission of the offset order for the tradeable object at the price.
4. The method of claim 1 where the offset order derives from a trading strategy.
5. The method of claim 1 where the detected user-defined condition is determined according to market data.
6. The method of claim 1 where the detected user-defined condition is based on at least one equation including a plurality of user-defined variables.
7. The method of claim 1 where the detected user-defined condition comprises a trader-performance based condition.
8. The method of claim 1 further comprising determining a first price range according to the modified first pay-up tick value.
9. The method of claim 8 further comprising dynamically modifying a second pay-up tick value in response to the detected user-defined condition.
10. The method of claim 9 further comprising determining a second price range according to the modified second pay-up tick value.
11. 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 for a price for an offset order for a tradeable object in response to a detected user-defined condition.
12. The non-transitory computer readable medium of claim 11 where the acts further comprise setting the price for the offset order according to the modified first pay-up tick value.
13. The non-transitory computer readable medium of claim 11 where the acts further comprise initiating submission of the offset order for the tradeable object at the price.
14. The non-transitory computer readable medium of claim 11 where the acts further comprise determining a first price range according to the modified first pay-up tick value.
15. The non-transitory computer readable medium of claim 14 where the acts further comprise dynamically modifying a second pay-up tick value in response to detecting the user-defined condition.
16. The non-transitory computer readable medium of claim 15 where the acts further comprise determining a second price range according to the modified second pay-up tick value.
17. The non-transitory computer readable medium of claim 11 where the acts further comprise detecting the user-defined condition based on market data.
18. The non-transitory computer readable medium of claim 11 where the detected user-defined condition is based on at least one equation including a plurality of user-defined variables.
19. The non-transitory computer readable medium of claim 11 where the detected user-defined condition comprises a trader-performance based condition.
20. A trading device, comprising:
an electronic processor configured to dynamically modify a first pay-up tick value for a price for an offset order for a tradeable object in response to a detected user-defined condition.