Patent ID: 8781944
Filing Date: 2014-07-15
Classification: G06Q

Abstract:
1. Method of matching orders on an electronic trading system in an open trading market, including the steps of: non-anonymously broadcasting to market users, by electronic broadcasting circuitry, information regarding current order status of an order book of the electronic trading system including identities of parties having placed orders stored in the order book, said order status comprising a queue of orders stored in the order book, each stored order having associated properties and an associated queue number, where a higher queue number indicates a lower trading priority than a lower queue number; receiving, by electronic receiving circuitry, an order to trade selecting a lower priority order stored in the order book having a queue number of two or higher than a higher priority order stored in the order book having a lower queue number, said received order having properties matching both the selected order and the higher priority order; identifying that the received order includes information that selects the lower priority order stored in the order book; and matching, by electronic matching circuitry, the received order with the selected lower priority order stored in the order book without matching the higher priority order with the lower queue number, wherein the higher priority order remains stored in the order book after the matching.