Patent ID: 8818890
Filing Date: 2014-08-26
Classification: G06Q

Abstract:
1. A method comprising: receiving, via a processor on an electronic exchange from a first market maker, a first order for a financial instrument, in which the first market maker is located on a device that is remote to the electronic exchange; after a delay, receiving, via the processor on the electronic exchange from a second market maker, a second order that matches the first order, in which the delay is due to a latency within the electronic exchange, in which the second market maker is located on a device that is remote to the exchange; in response to receiving the second order that matches the first order, automatically adjusting, via the processor, a price of the first order based on a set of rules, in which the set of rules is determined in advance of the electronic exchange receiving any orders, in which the first market maker and the second market maker are in electronic communication with the processor over a network.