Iex Group, Inc.

Lex Group, Inc.

Eris Digital Holdings, LLC

Matthew Norbert Trudeau

Bradley Toshio Katsuyama

Donald Bollerman

Robert Park

Daniel Aisen

Francis Chung

Constantine Sokoloff

John Herbert Schwall

Ronan Gerard Ryan

Benjamin Aaron Small

Adrian Facini

Allen Zhang

Blair Livingston

James Michael Cape

Benjamin B Aisen

Zoran Perkov

Stanley Feldman

Tara McKee

David Lauer

Bilie Zhao

Joseph McGlawn

Thomas Chippas

Adrian Branko Facini

A financial instrument trading system is provided which allows for the establishment and trading of cryptographic difficulty-based financial instruments using physical delivery of the underlying cryptocurrency. The cryptographic difficulty-based financial instruments are based on an expected value including the predetermined reward per block of cryptocurrency, a predetermined hashrate, a predetermined financial instrument length, the predetermined nonce value of the underlying cryptocurrency, and the current difficulty level employed by the underlying cryptocurrency, and may vary as the difficulty level varies. The clearinghouse settlement system calculates daily variation margin in valuation of the financial instrument and provides for physical delivery of the underlying cryptocurrency to satisfy the variation margin.

Electronic trading and settlement system for blockchain-integrated cryptographic difficulty-based financial instruments

In order to protect a trading party from predatory trading strategies employed by some market participants, especially during certain periods when quotes for a particular security are experiencing rapid changes or transitions, embodiments of the present invention facilitate and support a new type of trading orders whose booking and execution behaviors are dynamically varied in response to environmental market conditions. Pursuant to predefined rules for the new type of trading orders, the orders may be allowed to trade at more aggressive price levels if the market is relatively stable, and the orders can only trade at less aggressive price levels when the market is unstable.

Dynamic peg orders in an electronic trading system

A number of techniques for improving electronic trading are disclosed. According to some embodiments, an electronic trading system may establish a new Facilitation Cross order type which automatically performs a number of trading steps in a single uninterrupted sequence so as to help a risk trader fulfill a client investor's trading request efficiently and with lower market risk.

System and method for facilitation cross orders

In a system for executing transaction requests, a received request for a transaction in an item is delayed prior to matching that request with another request for transaction in that item by a delay based on a communication delay and/or a processing delay. The communication delay represents the time required to receive updated information about the item and the processing delay represents the time required to compute an updated item price using the received updated information.

Systems and methods for providing up-to-date information for transactions

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Brooklyn, NY, United States of America

Matthew Norbert Trudeau