Patent ID: 8775298

Claim:
A system for managing market information, comprising: a trade router electronically coupled with a plurality of market participant computers, said router configured to: receive electronically confidential information regarding market participants, wherein said confidential information regarding market participants comprises data regarding a first market participant and a second market participant; receive electronically an electronically executable order and targeting parameters from said first market participant; receive electronically confidential trading interest information from said second market participant; identify said second market participant as a market participant that is most likely to take a contra side of said electronically executable order, wherein said identification of said second market participant is based, at least in part, on said received confidential information regarding market participants; route said electronically executable order to said identified second market participant without revealing said first market participant's identity or other confidential information regarding said first market participant to said second market participant, and wherein no information regarding said second market participant or said confidential trading interest information received from said second market participant is transferred to said first market participant; and produce a targeted dissemination list of market participants based, at least in part, on said received confidential information regarding market participants and said order and targeting parameters, and wherein the identification of said second market participant that is most likely to take a contra side of said order is further based on said dissemination list.