A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a...http://www.google.com.au/patents/US7742976?utm_source=gb-gplus-sharePatent US7742976 - System and method for smart hedging in an electronic trading environment