SYSTEMS AND METHODS FOR MULTIPARTY ANONYMOUS NEGOTIATION WITH INCENTIVES

摘要

Consistent with the present invention, systems, computer programs, and methods are provided for anonymously negotiating and matching buy and sell orders in a fungible asset trading market. Furthermore, systems and methods consistent with the present invention may provide a time-sensitive trading environment that encourages participants to continue negotiations for an asset until a mutually acceptable price is reached by providing a participant with an incentive to continue submitting orders, such as information concerning the other side's ordering actions, as long as the participant continues to negotiate in a timely manner.