A system and associated methods are provided for use of fractional pay-up
ticks in relation to offset orders being sent for a trading strategy that
involves trading a first tradeable object and at least a second tradeable
object. According to one example method, when an indication is received
that a quantity at a first price for the first tradeable object is
filled, a plurality of offset orders for the second tradeable object is
sent to an electronic order book of the second tradeable object. The
plurality of offset orders is placed at a plurality of price levels
determined based on at least one fractional pay-up tick value, the first
price, and the desired spread price. A quantity for each order is
determined based on a quantity divider rule that is applied to an offset
quantity to offset the fill.