System and Method for Facilitating Trading of Multiple Tradeable Objects in an Electronic Trading Environment

Abstract

A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types.

1 . (canceled) 
     
     
         2 . A system comprising:
 a computing device,   wherein the computing device is configured to receive a user-selection of at least one location of a displayed plurality of axially aligned locations;   wherein the computing device is configured to, in response to receiving the user-selection of the at least one location of the plurality of axially aligned locations:
 determine a first price for a first trade order for a first tradeable object according to a price associated with the at least one location and a second price for a second trade order for a second tradeable object according to the price associated with the at least one location, where an underlying product of the first tradeable object is different than an underlying product of the second tradeable object, 
 allocate a user-selected quantity between the first trade order and the second trade order according to at least one quantity allocation rule selected from a plurality of quantity allocation rules, where a first portion of the user-selected quantity is allocated to the first trade order and a second portion of the user-selected quantity is allocated to the second trade order, and 
 initiate submission of the first trade order for first tradeable object having the first price and the first portion of the user selected quantity and the second trade order for the second tradeable object having the second price and the second portion of the user-selected quantity; 
   wherein the computing device is configured to displaying a first combined quantity indicator at a location of the plurality of axially aligned locations for a buy quantity associated with a first buy order for the first tradeable object and a second buy order for the second tradeable object; and   wherein the computing device is configured to displaying a second combined quantity indicator at a location of the plurality of axially aligned locations for a sell quantity associated with a first sell order for the first tradeable object and a second sell order for the second tradeable object.   
     
     
         3 . The system of  claim 2  where the user-selection comprises a command to trade the user-selected quantity. 
     
     
         4 . The system of  claim 3  where the command comprises a user-command. 
     
     
         5 . The system of  claim 2  where each location of the axially aligned locations corresponds to a price level and is adapted for receiving a user command. 
     
     
         6 . The system of  claim 2  where the at least one quantity allocation rule is based on determining whether the trade order is lifting or joining. 
     
     
         7 . The system of  claim 2  where the plurality of quantity allocation rules comprises at least any one of a rule for lifting, a rule for joining, a percentage allocation rule for a percentage between at least two tradeable objects, and a quantity allocation rule for allocating the quantity based on a trader's net position. 
     
     
         8 . The system of  claim 2 , wherein the computing device is further configured to receive a user-selection for the at least one quantity allocation rule. 
     
     
         9 . The system of  claim 2 , wherein the computing device is further configured to select the at least one quantity allocation rule in response to detecting a user-defined condition. 
     
     
         10 . The system of  claim 2  where the at least one quantity allocation rule is adapted to allocate at least a portion of the quantity to flatten a trader's net position and to allocate a remaining portion of the quantity. 
     
     
         11 . The system  claim 2 , where the at least one quantity allocation rule is adapted to allocate the quantity to flatten a trader's net position and account for the trader's working orders. 
     
     
         12 . The system of  claim 2 , where the at least one quantity allocation rule is adapted to allocate the quantity according to available order quantities pending at a best available price.