TRADING PLATFORM

摘要

This invention concerns an on-line trading platform suitable for derivative and foreign exchange transactions between wholesale banking clients operating in the global financial markets. In particular an interactive, automated on-line trading platform comprises a server to serve real-time interactive trading screens to brokers and dealers. Using the platform a trader (a broker or dealer) is able to enter an order that includes a (offer or bid) price visible to counterparties as well as one or more better prices that are hidden from counterparties. The trader is also able to interactively respond to visible (bid or offer) prices in counterparties' orders by changing the prices in their own order. And, the platform responds automatically to a counterparty's order that includes a visible price which matches a price, whether visible or hidden, in the trader's order, to facilitate a trade between them. In another aspect the invention concerns a method of operating an on-line trading platform. In a further aspect the invention concerns software for performing the method.