Patent ID: 11961144
Assignee: NASDAQ TECHNOLOGY AB
Field: IT methods for management (Electrical engineering)
Classification: CPC G | IPC G

Claim 7:
8. A method for a first user terminal to communicate with an electronic exchange system that communicates with a plurality of user terminals via a network, wherein the plurality of user terminals include the first user terminal and a second user terminal, and wherein the first user terminal is operated on behalf of a first user and the second user terminal is operated on behalf of a second user, the method comprising:
receiving from the electronic exchange system, by a transceiver via the network, first offset information that indicates a first price offset value associated with a price of a financial instrument, where the first price offset value is different from a second price offset value sent by the electronic exchange system, via the network, to the second user terminal;
receiving by the transceiver, after receiving the first offset information, a message transmitted from the electronic exchange system, via the network, to the user first terminal and the second user terminal, wherein:
(i) the message indicates a market price for a financial instrument, and
(ii) the message does not include the first price offset value or the second price offset value;

modifying, by an application running on a processor, the market price for the financial instrument using the first price offset value to obtain a first actual price for the financial instrument that is different from a second actual price for the financial instrument, wherein the second actual price corresponds to a modification of the market price for the financial instrument based on the second price offset value; and
transmitting, by the transceiver to the electronic exchange system via the network, information including an order with the first actual price for the financial instrument.