Systems and methods are provided to control gaming in electronic trading
markets. These systems and methods alleviate the problem of a seller or
buyer trying to act on a trader's original bid or offer only to trade at
an unfavorable level after the trader changes the bid or offer. A pricing
method suspends trading for a period of time if a price difference
between two bids or offers by the same trader is too great. A timing
method prevents a trader from canceling or replacing a bid or offer for a
period of time. These methods provide a more fair and efficient way of
executing electronic trades.