Icap Services North America LLC

Bgc Partners, Inc.

Nex Services North America LLC

Atul Bhatia

Daniel O Cleaves

Howard W Lutnick

Joseph C Noviello

Michael Sweeting

William P Gill

Daniel Eccleston

James P Stedman

James L Davies

A trading system matches a passive order to buy or sell an item at a price with an aggressive order to hit or lift the item at that price. A workup is initiated during which other parties can submit additional orders at the passive order price. A further order may be submitted during workup with a better price. If the amount at the better price equals or exceeds a threshold value and it can be traded at the better price, the workup is terminated and a new workup initiated at the better price.

System and method for providing workup trading

The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface includes a display that shows a bid price axis and an ask price axis, as well as corresponding sizes, and a visual indicator of the inside market. When the inside market changes in response to changing market conditions, the display of the inside market clearly shows a spatial movement of the inside market as well as the representative price(s) associated therewith, thereby rendering the two price axis dynamic axis. The user interface is easy to use, intuitive as well as customizable, and contains features that facilitate efficient electronic trading and shows trading activity pertaining to the user as well as the market in general.

Systems and methods for providing dynamic price axes in featured user interfaces

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Bridgewater, NJ, United States of America

Atul Bhatia