Bgc Partners, Inc.

Espeed, Inc.

Cfph, LLC

Other

Michael Sweeting

Howard W Lutnick

Joseph C Noviello

Kevin M Foley

William P Gill

Lee M Amaitis

Jim Johnson

Bijoy Paul

Nigel John Renton

Richard P Goodman

Lon Steger

Matthew W Claus

Philipp T Jokisch

Alastair J D Beadle

Rich Winter

Philip Norton

Shaun Lynn

James C Johnson

Alastair J Beadle

Dean P Alderucci

Thomas D Bradshaw

Atul Bhatia

Dinesh Kerai

Anthony Paul Seeto

James P Stedman

Daniel Eccleston

James L Davies

Matt Claus

Nigel J Renton

Alastair Jd Beadle

Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is a modification of a conventional good-until-bettered order type. A good-until-bettered bid/offer is received along with instructions that specify a good-until-bettered increment value and/or duration. The good-until-bettered order is maintained in the electronic trading system until a bid/offer that is better by the specified plurality of standard trading increments is received by the electronic trading system and/or remains in the system for the good-until-bettered duration.

Systems and methods for maintaining the viability of a good-until-bettered order type in electronic trading systems

Various embodiments of exchanges are described. Methods and other embodiments are also described.

Interprogram communication using messages related to events and actions on an exchange

An electronic exchange platform configured to: receive respective list of approved Buyside participants for each of a plurality of marketmaking orders; receive a respective marketmaking order for a side of trades on the financial instrument from each of the plurality of Sellside participants; peg a price for the received marketmaking orders to a price relative to and multiple ticks behind a best price on the side in an order book; present market information to Buyside participants identifying marketmaking orders for which the Buyside participants are approved; receive a contra order from a Buyside participant that is approved to trade with a subset of the plurality of marketmaking orders, in which the contra order identifies preferred Sellside participants; distribute the contra order; and determine new best bid and offer in response to the distribution; and adjust remaining marketmaking offers to retain peg in response to determining new best bid or offer.

Interprocess communication facilitating sellside marketmaking

The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.

Systems and methods for protecting against erroneours price entries in the electronic trading of financial and other instruments

Systems and methods for protecting against erroneous price entries in the electronic trading of financial and other instruments

An electronic trading system is described herein. More specifically, the electronic trading system may relate to the substantially simultaneous trading of cash instruments and their related futures contract for interest-rate related instruments. The electronic trading system may also be used to allow a user (such as a market maker or other suitable participant) to gauge his chance of success at completing both sides of a basis trade within a preferably pre-determined or pre-set interval, while knowing in advance the specific weighting algorithm that will be applied to the basis trade. The electronic trading system may also be used to allow a user to predetermine the exact weighting algorithm to be used on such a basis trade, and to adjust those preferences where necessary or desired.

Electronic completion of cash versus futures basis trades

Interprocess communication facilitating Sellside marketmaking

The present invention relates to systems and methods for providing customized keyboards for receiving user inputs, and view regions for displaying information for users in useful arrangements. Such keyboards include keys that are pre-programmed to reflect the issues present in each trading pane of the view regions. Using such keys, a user may direct the trading application to quickly and efficiently switch between multiple issues, and place, manipulate or cancel orders on them. The keyboard may also be designed such that multiple keys may be disabled, replaced or mapped to perform different functions.

Keyboard trading system

An electronic trading system including various rules is described herein. Many of the rules relate to implementing periods of exclusive priority in trading. For example, in one of the rules, an exclusive period of trading may be controlled by an aggressor and a designated passive participant. The aggressor may have exclusive rights on his side of the trade at a particular price point for a particular time. The aggressor may elect to change the price point at which he controls the trade to a new price point which is more favorable to him. Thereafter, another participant may assume the exclusivity of the trade by entering the trade on the same side of the aggressor at the old price point. In so doing, the other participant also preferably truncates the aggressor's exclusivity at the new price point.

Trading application program interface

Method and apparatus for exchange-based condition processing

Growing community of inventors

Aldershot, United Kingdom

Michael Sweeting