Patent ID: 8886561
Filing Date: 2014-11-11
Classification: G06Q

Abstract:
1. A method comprising the steps of: receiving computer data signals conveying two passive trading orders for proposed transactions to be mediated with assistance of an electronic trading system, stored data for the orders indicating that a first of the two passive orders is entered with authority of a principal of the principal's real party in interest, and the stored data indicating that a second of the two passive orders is entered with authority of a broker acting on behalf of the broker's real party in interest from a broker workstation; electronically determining presentation of the first and second passive orders to a prospective aggressor counterparty, a difference between the determined presentation of the two passive orders to the prospective aggressor counterparty being based at least in part on the stored indication of principal vs. broker authority, and preventing the prospective aggressor counterparty from acting on at least one of the passive trading orders based at least in part on a determination that the prospective aggressor is acting with the authority of a broker.