Abstract: A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.

Abstract: A method and system for trading financial instruments with an execution delay. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument, the order specifying timing information for delaying completion of the order, determines a current market value of the financial instrument upon matching the order with a contra order of a second party, and completes the order only if the determined market value of the financial instrument remains unchanged for an amount of time based on the timing information specified in the order.

Abstract: A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.

Abstract: A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.

Abstract: A system and method for facilitating trading of financial instruments. According to one embodiment, an application receives an indication of interest to trade a financial instrument by a first party, provides the indication of interest to other parties without disclosing a side of trade, receives an offer to trade the financial instrument by a second party based on the provided indication of interest, a side of trade being associated with the offer by the second party but not disclosed to the first party, and receives either a rejection or an acceptance of the second party's offer by the first party.

Abstract: A system and method for facilitating trading of financial instruments. According to one embodiment, an application receives an indication of interest to trade a financial instrument by a first party, provides the indication of interest to other parties without disclosing a side of trade, receives an offer to trade the financial instrument by a second party based on the provided indication of interest, a side of trade being associated with the offer by the second party but not disclosed to the first party, and receives either a rejection or an acceptance of the second party's offer by the first party.

Abstract: A method and system for trading financial instruments which reduces the leakage of trading interest when buyers and sellers of financial instruments desire to trade. Accordingly, in one embodiment, a trading system allows traders to speculate on the hidden liquidity in the market by offering liquidity at fixed prices which are inferior to the NBBO (National Best Bid Offer) in exchange for rights to sweep the market for better priced quotes. In another embodiment of the invention, a liquidity provider can set their own fee. This fee is charged to the liquidity taker if their quote is executed. This fee compensates traders for the risk of taking a position in a financial instrument. In another embodiment of the invention, dummy orders are used to reduce trading interest leakage when limit orders are placed into order books. In another embodiment of the invention, a trading system will only match liquidity taking orders with single liquidity providing orders of equal or greater in size.

Abstract: A method and system for trading above or below the market. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument, determines an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price, and completes the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.

Abstract: A system and method for facilitating trading of financial instruments. According to one embodiment, an application receives an indication of interest to trade a financial instrument by a first party, provides the indication of interest to other parties without disclosing a side of trade, receives an offer to trade the financial instrument by a second party based on the provided indication of interest, a side of trade being associated with the offer by the second party but not disclosed to the first party, and receives either a rejection or an acceptance of the second party's offer by the first party.

Abstract: A method and system for trading financial instruments with an execution delay. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument, the order specifying timing information for delaying completion of the order, determines a current market value of the financial instrument upon matching the order with a contra order of a second party, and completes the order only if the determined market value of the financial instrument remains unchanged for an amount of time based on the timing information specified in the order.

Abstract: A method and system for trading above or below the market. According to one embodiment, a trading system receives from a first party an order to trade a financial instrument at a predetermined distance and predetermined direction away from a market value of the financial instrument, determines an updated market value of the financial instrument upon acceptance of the order by a second party at a particular price, and completes the order only if the accepted price is at least the predetermined distance and the predetermined direction away from the updated market value.