SYSTEMS AND METHODS FOR ALLOWING MARKET-MAKER PARTICIPATION IN TRANSACTIONS

摘要

Systems and methods for implementing transaction management of trading of financial instruments. The systems and methods provide controlling logic that is implemented on a distributed computer network linking together a plurality of user workstations. The controlling logic rewards market-makers by allowing them to participate in trading the instrument before or after the first buyers/sellers and contra-traders of the instrument and allowing broader participation in transacting the purchase and sale of different instruments.