System and method of using the trader list electronic trading system that relays trading orders with a reserve size

摘要

System for managing trading orders has a memory operable to store a trader list is related to the first trader to specify the other traders of one or more people. The system, a processor coupled to can communicate with the memory, the transaction order is for the order quantity of the first traded products, further comprising a processor. The system operable to receive the trade order from the first trader, determining the first and second portions of the order quantity, and expose the first portion of the order volume traders multiple is. If the settable conditions are not met, exposes a second portion of the order volume traders more or one not specified by the trader list, processor, Trader or more of the specified one of the traders list It is operable so as to avoid the disclosure of the second portion of the order amount.