A SYSTEM AND METHOD FOR AUTOMATED TRADING

摘要

An automated trader (204) facilitates automatic trading of tradeable objects over one or more electronic exchanges (figure 3). According to one embodiment, an automated trader utilizes a user programmable interface (210). The user programmable interface (210) allows the user to simply develop a program that is based on a set of specifications and relationships given by the user and input into a profile (208), or if desired, input directly into the programmable interface referred to as direct entry. For each tradeable object, a profile may be selected, and then an automated trader can execute the program to perform a series of actions according to that selected profile and directed order entry, if any. An automated trader may also be used at a communication level to create an intelligent interface between third-party trading-related applications and exchanges.