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Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments

  • US 20060218072A1
  • Filed: 08/30/2005
  • Published: 09/28/2006
  • Est. Priority Date: 03/24/2005
  • Status: Active Grant
First Claim
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1. A method for protecting against the occurrence of erroneous price entries, the method comprising:

  • displaying on a user interface a plurality of bid and ask prices;

    receiving a trade command from a user to hit or lift at least one price from the plurality of bid and ask prices;

    determining whether the at least one price has changed by at least a predetermined number of increments from a first price to a second price; and

    if the at least one price has changed by at least the predetermined number of increments, presenting the user with the opportunity to submit at least a portion of the trade command at the second price or cancel the trade command.

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