Chicago Mercantile Exchange Inc.

John Curran

Paul J Callaway

Ari L Studnitzer

Pearce Peck-Walden

James W Farrell

Barry Galster

Paul Andrew Bauerschmidt

Andrew Milne

Brian Wolf

Jake Siddall

Giuseppe Scimeca

Dave Salvadori

Ken Silhavy

Martin Stroup

James Wilcox

David Salvadori

Neal Brady

Peter Barker

Robin S Ross

Jeffrey P Kilinski

An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.

Selective suppression of implied contract generation

Systems and methods for determining implied spreads are provided. More particularly, implied spread financial transactions are generated using information from requests for quotes (RFQs). An RFQ processor module may focus the calculations performed by an implied spread determination module. A financial instrument associated with an RFQ may be provided to the implied spread determination module to trigger the determination of whether implied orders exist related to that particular financial instrument.

Generating implied orders based on electronic requests for quotes

Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.

System and method for a request for cross in a trade matching engine

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Chicago, IL, United States of America

John Curran