A user accesses an electronic peer-to-peer negotiation. A requestor sends a request for quote. The request for quote is displayed. A liquidity provider can choose to respond with a desired price or decline to enter into a negotiation. If the liquidity provider responds with a negotiation price, the requestor is given a specified amount of time to respond. The liquidity provider can change the negotiation price while the negotiation is live and the requestor has not responded. If the price change favors the requestor at the same time the requestor is agreeing to the prevailing negotiation price, the trade will be executed at new price and the requestor gets the price improvement. If the price change has moved the price to a level beyond which the requestor has signaled at the same time the requestor is agreeing to the prevailing negotiation price, the transaction will not occur.
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