Systems and methods for protecting against erroneous price...

Details Systems and methods for protecting against erroneous price... Systems and methods for protecting against erroneous price...

G - Physics

06

Q

G06Q 30/00 (2006.01)

Patent

CA 2518012

The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.

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