Patent ID: 8112348
Filing Date: 2012-02-07
Classification: G06Q

Abstract:
1. A method comprising the steps of: at a trader's workstation in an electronic trading system designed to trade financial instruments, receiving data designed to cause presentation to the trader of one or more orders in a form executable by the trader to whom the orders are presented, the presented orders being orders to buy and/or sell a financial instrument at a specified price in a specified quantity, the electronic trading system establishing a standard price increment by which prices of orders differ, the standard price increment being a smallest incremental difference between price levels at which the system makes orders available for trading of the financial instrument; at the trader's workstation, receiving data representing a price-improved order from a matching server of the trading system, the price-improved order being either (a) an offer to sell at price lower than the best offer to sell currently presented with a price and quantity, the price being lower than the best offer by an amount less than the standard price increment, or (b) a bid to buy at a price higher than the best bid to buy currently presented with a price and quantity, the price being higher than the best bid by an amount less than the standard price increment, and presenting data to the trader to indicate the availability of the price-improved order in a form executable by the trader, but withholding display of the price of the price-improved order at precision greater than the standard price increment.