SYSTEMS AND METHODS FOR ALLOWING MARKET-MAKER PARTICIPATION IN TRANSACTIONS

摘要

Systems and methods for implementingtransaction management of trading of financialinstruments. The systems and methods providecontrolling logic that is implemented on a distributedcomputer network linking together a plurality of userworkstations. The controlling logic rewards market-makersby allowing them to participate in trading theinstrument before or after the first buyers/sellers andcontra-traders of the instrument and allowing broaderparticipation in transacting the purchase and sale ofdifferent instruments.