METHODS AND SYSTEMS TO EMPLOY AGGREGATED ORDER QUANTITY MODIFICATION STRATEGIES

摘要

The disclosed embodiments provide an order balancing tool for modifying one or more components of an aggregated order in response to a change in quantity of the aggregated order. As used herein, the phrase “aggregated order” refers to two or more trade orders for a same tradeable object at a same price that may be distributed between two or more electronic exchanges. Aggregating trade order quantities may be useful, for example, for trading groups to improve the likelihood of the total number of contracts being filled by placing one trade order rather than two separate trade orders that may be separated by additional trade orders received from different accounts.