System and Method for Managing Discretion Trading Orders

摘要

A system for managing trading orders comprises a memory operable to store a first order associated with a first discretion range. The system further comprises a processor communicatively coupled to the memory and operable to receive a counterorder associated with a second discretion range, wherein the first discretion range intersects the second discretion range. The processor is further operable to determine a midpoint price based at least in part on the intersection of the first and second discretion ranges. The processor is further operable to execute a trade at the determined midpoint price.