07774261 is referenced by 12 patents and cites 29 patents.

A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.

Title
System and method for use of fractional pay-up ticks in relation to trading strategies in an electronic trading environment
Application Number
11/240684
Publication Number
7774261 (B1)
Application Date
September 30, 2005
Publication Date
August 10, 2010
Inventor
Alexander D Deitz
Chicago
IL, US
Eric M Herz
Naperville
IL, US
Sagy P Mintz
Lincolnshire
IL, US
Agent
McDonnell Boehnen Hulbert & Berghoff
Assignee
Trading Technologies International
IL, US
IPC
G06Q 40/00
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