摘要 |
The invention provides systems, methods, and computer programming for transactions of financial interests without disclosing the existence of the proposals or all or certain terms of thereof at one or more stages of the proposal or the transaction. The invention is suited to, among other things, buying and or selling of large blocks of financial interests such as stocks, bonds, futures contracts, commodities, derivatives, options, and the like, without revealing in the market place that large quantities of the interests are being offered or bid upon, and without revealing the identity of the offering or bidding party or the terms upon which trades are proposed. In matching proposed transactions, systems according to the invention may give precedence to quantity over other terms, such as price or the order in which proposals are received by the system.
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