A system and appertaining method are provided in which a brokerage firm
transmits confidential information about security trading intentions to
an anonymous server that follows through on a trade only if there is a
likelihood that the trade can be completed. Pricing inputs are obtained
that help a price engine determine pricing information for securities.
The trade itself is executed by a primary trading system. If the trade is
not completed, then the confidential information is not shared with a
market maker or other purchasing or selling entity. When security is low
and trust is high, for speed purposes, among other things, the anonymous
server may be located with a market maker. When security is high and
trust is low, any or all of the anonymous server, price engine, and
primary trading system can be collocated on site with the broker in a
secure environment.