Patent ID: 8533099

Claim:
A computer-implemented method for trading a derivative using a computer system capable of communication with a customer computer and a plurality of dealer computers, the method comprising: providing information from the computer system relating to a plurality of derivatives; causing the display on the customer computer a trade request ticket interface, the trade request ticket interface designed and configured to receive one or more inputs related to a trade request; receiving from the customer computer a trade request and an indication of at least one dealer to which the trade request is directed; transmitting the trade request to the selected at least one dealer; causing the display on the dealer computer a trade quote interface, the trade quote interface designed and configured to receive one or more inputs related to a dealer quote in response to the trade request; transmitting the trade quote to the customer computer; causing the display on the customer computer a trade negotiation interface, the trade negotiation interface designed and configured to enable inputs related to hitting or lifting of the dealer quote and inputs countering the dealer quote; if the dealer quote is countered, transmitting a counter to the selected at least one dealer; causing the display on the dealer computer the trade quote interface in a counter state, the trade quote interface in the counter state designed and configured to enable the dealer to accept the counter, re-quote, or end the trade request; and if the dealer quote is hit or lifted by the customer or the dealer accepts the counter, executing a transaction on a computer for the derivative.