An electronic market for trading of securities includes a plurality of
client stations for entering quotes for securities and a server process.
The market has a facility, which receives quotes from the clients,
aggregates the quotes and causes a total of all aggregated quotes to be
displayed for a plurality of price levels on the client systems. The
market uses a graphical user that depicts aggregated quotes in an
aggregate window, and a plurality of price levels of a product traded in
the market. The market also includes processes to handle odd-lot
processing and provides a central quote/order collector that interfaces
to disparate order delivery systems to minimize dual liability of market
makers.