A system for securities quotes is described. The system and allows posting
of a bid and offer price for a security for a proprietary account. The
system use a unique market maker identifier for a market maker
proprietary account. In response to a customer order, a bid and/or offer
price of the customer is posted for the security for an agency account,
using a unique market maker agency identifier for an agency account. The
quotes are sent to a server that disseminates the proprietary and agency
quotes with other quotes for the same security from other market makers.