Abstract: Methods and systems are provided herewith for determining prices and executing trades for a plurality of users of an electronic trading system. A central processor may receive a processor a plurality of bid-offer pairs from a plurality of users. Each bid-offer pair may comprise a bid price and an offer price, e.g. for a financial transaction such as a currency exchange. A price of a trade may be determined based on one or more of the bid-offer pairs. The processor may match user orders to trade and transact a trade at the determined price. A price for the traded product may be measured at a predetermined time after the trade. A flow may be determined for a plurality of trades between two users based on the difference, for each trade, between the trade price and a subsequent price measured at a predetermined time after the trade. Afterwards, for at least one subsequent trade between the two users, the at least one corresponding price may be adjusted or otherwise determined based on the determined flow.

Abstract: Methods and systems are provided herewith for determining prices and executing trades for a plurality of users of an electronic trading system. A central processor may receive a processor a plurality of bid-offer pairs from a plurality of users. Each bid-offer pair may comprise a bid price and an offer price, e.g. for a financial transaction such as a currency exchange. A price of a trade may be determined based on one or more of the bid-offer pairs. The processor may match user orders to trade and transact a trade at the determined price. A price for the traded product may be measured at a predetermined time after the trade. A flow may be determined for a plurality of trades between two users based on the difference, for each trade, between the trade price and a subsequent price measured at a predetermined time after the trade. Afterwards, for at least one subsequent trade between the two users, the at least one corresponding price may be adjusted or otherwise determined based on the determined flow.

Abstract: Methods and systems are provided herewith for determining prices and executing trades among a plurality of users of an electronic trading system. The users may transmit to a processor a plurality of bid-offer pairs, each comprising an estimate of a fair bid and offer price for exchanging between a first and a second currency. The processor may determine an exchange rate for exchanging between the first currency and the second currency based on a determined qualifying set of overlapping bid-offer pairs. The processor may match user orders to exchange between the first and second currencies and execute those orders at the exchange rate. A price adjustment amount is determined based on a change in price after each of a plurality of exchanges between the first and second users. A subsequent transaction between the first and second user is adjusted by a price adjustment amount selected at a user interface.

Abstract: Methods and systems are provided herewith for determining prices and executing trades among a plurality of users of an electronic trading system. The users may transmit to a processor a plurality of bid-offer pairs. Each bid-offer pair may comprise an estimate of a fair bid price and an estimate of a fair offer price for exchanging between a first and a second currency. The processor may determine from the bid-offer pairs a qualifying set of overlapping bid-offer pairs. The processor may determine an exchange rate for exchanging between the first currency and the second currency based on the qualifying set of overlapping bid-offer pairs. The processor may match user orders to exchange between the first and second currencies and execute those orders at the exchange rate.