| 摘要 |
A smart match for synthetic trades may include monitoring working, or quoting orders, as well as legged hedge orders for one or more synthetic trades of a trader to identify possible matches prior to submitting a new order for trading. A resting hedge order for a synthetic trade of a trader may be pending execution while a second order from the synthetic trade, another synthetic trade, or an outright trade, may be identified. When the resting hedge order matches the second order, a cancel or delete message may be sent to the exchange for the resting hedge order, and the resting hedge order and second order may be matched or filled for the trader. When the resting hedge order is for a larger quantity than the second order, the message may delete or cancel a portion of the resting hedge order.
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