Patent ID: 8285614
Filing Date: 2012-10-09
Classification: G06Q

Abstract:
1. An apparatus comprising at least one computing device having control logic associated therewith that when executed makes the computing device operable to: receive on a first side of a market a first order, in which the first order comprises a first price; receive from a work station a trading command against at least a portion of the first side of the market, including the first order; prior to executing the trading command, update the first side of the market to include a second order, in which the second order comprises a second price, in which the second price is different from the first price, and in which the second order is within the at least portion of the first side of the market such that the trading command applies to the second order; execute the trading command against the first order; and enable a participant via the work station to refuse to trade the second order at the second price; in which the control logic, that when executed, makes the computing device further operable to determine that a time at which the first side of the market is updated to include the second order is within a predetermined time interval prior to a time of the trading command, the time of the trading command comprising a time the trading command is executed; and in which to enable the participant to refuse to trade the second order at the second price comprises to enable the participant via the work station to refuse to trade the second order at the second price based at least in part on determining that the time at which the first side of the market is updated to include the second order is within the predetermined time interval prior to the time of the trading command.