AGGREGATION OF TRADING ORDERS

摘要

Systems and methods for generating limit order books are disclosed. A computer system may receive, from a plurality of trading entities, orders that are specified using a machine-to-machine communication protocol. The computer system may select two or more of the received orders, including orders from at least two different ones of the plurality of trading entities, and then generate a limit order book that includes the selected orders. The computer system may then convey the limit order book to a graphical user interface of a trader. In one embodiment, the orders may be for foreign exchange instruments.

主权项

1. A method, comprising:
a computer system receiving, from a plurality of trading entities, orders for a foreign exchange instrument, wherein the received orders are specified using a machine-to-machine communication protocol; the computer system selecting two or more of the received orders, including orders from at least two different ones of the plurality of trading entities; and the computer system generating a limit order book that includes the selected orders.