SYSTEM AND METHOD FOR SMART HEDGING IN AN ELECTRONIC TRADING ENVIRONMENT

摘要

A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to the present invention, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level Based on this configuration, if the conditions change such that it is necessary to reprice the leg order, there will be already an order resting in the exchange order book at the recalculated price that can be used in the strategy Upon re-pncing the leg order, one or more additional queue holder orders will be placed in the market Other tools are provided as well.