Patent ID: 8606677

Claim:
A system for the distribution of new issue fixed income securities, comprising: an apparatus is configured to: transmit a purchase request for at least one new issue fixed income security of an issuer; set a first offering price for the at least one new issue fixed income security, wherein the first offering price comprises a proceeds amount to be received by the issuer for the at least one new issue fixed income security; set a second offering price for the at least one new issue fixed income security, wherein the second offering price comprises a proceeds amount to be received by the issuer for the at least one new issue fixed income security, wherein the amount of the second offering price is different than the amount of the first offering price; initiate at least one first transaction at the first offering price for the at least one new issue fixed income security; and initiate at least one second transaction at the second offering price for the at least one new issue fixed income security, wherein at least one of the first offering price and the second offering price of the new issue fixed income security provides an increased yield to at least one investor and a decreased cost to the issuer.