Systems and methods for trading at a price within a spread market

  • US 7,827,089 B2
  • Filed: 03/24/2003
  • Issued: 11/02/2010
  • Est. Priority Date: 03/24/2003
  • Status: Active Grant
First Claim
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1. A method for trading an item within a spread market for said item, said method being implemented on an electronic trading system, said method comprising:

  • receiving from a first user of the electronic trading system an order to buy or sell said item conditioned on a price of the item when the order is executed being within said spread market;

    calculating using at least one computing device a weighted average price based at least on a best bid price and a best offer price for the item, and at least one of a buy side weight and a sell side weight, in which the calculated weighted average price is not equal to a mathematical average of the best bid price and the best offer price; and

    executing a trade for at least a portion of the order from the first user against a counter side order from a second user at the weighted average price.

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