A SYSTEM AND METHOD FOR PLACING A TRADE ORDER FOR A TRADABLE INSTRUMENT ON AN ELECTRONIC EXCHANGE

摘要

A system and method for placing a trade order for a tradable instrument on an electronic exchange. The method includes displaying a trade order dartboard on a client terminal where the dartboard displays a market depth of the tradable instrument comprising information representing trade orders at an inside market and outside of the inside market through a dynamic display of prices, bid and ask quantities for the tradable instrument. The method also includes displaying a selected-price display displaying a first price therein in response to detecting a first user action via the user input device, initiating placement of a trade order relating to the tradable instrument at the first price in response to detecting a second user action via the user input device, and setting a trade order price of the trade order based in part upon one of a plurality of preset parameters and the first price.