BGC Partners, Inc.
PROVIDING TRADING EXCLUSIVITY/PRIORITY BASED ON QUANTITY

Last updated:

Abstract:

Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.

Status:
Application
Type:

Utility

Filling date:

30 Sep 2020

Issue date:

18 Mar 2021