Patent ID: 7707097
Filing Date: 2010-04-27
Classification: G06Q

Abstract:
1. A method comprising the steps of: transmitting electronic data to a computer associated with a counterparty customer of an electronic trading system for tradeable presentation to the counterparty customer, the transmitted electronic data representing a bid or offer position for a proposed trade of an instrument-rate-related instrument that was entered by an order-placing customer, the transmitted electronic data including a prospective commission calculated for a trade by the counterparty customer for transacting at least a part of the bid or offer position, the counterparty's computer designed to tradeably present the electronic data for the proposed trade to the counterparty customer for trading; receiving data representing an instruction from an order-modifying customer of the electronic trading system to modify the bid or offer position in a manner that influences the commission; and computing an updated commission based on the instruction received from the order-modifying customer modifying the bid or offer position, and tradeably presenting electronic data representing the modified bid or offer position and the computed updated commission to the counterparty customer, the updating and presenting of the commission electronic data being performed in computers in substantially real time response to the instruction.