Cost - adjusting order/quote engine

Abstract

Methods and systems are provided that include an order and/or quote engine that automatically adjusts bid, ask, or any other type of order prices to reflect some or all of the costs associated with a trade in an underlying item between a particular party receiving the order or orders accounting for specific costs associated with the party receiving the orders and in certain instances specific costs between the party receiving the order and the party submitting the order.

1 . A system comprising a processor and memory, the memory having software associated therewith that when executed causes the processor to perform a method comprising:
 receiving a request for market data on an item from a computing device associated with a first user;   receiving a request for market data on the item from a computing device associated with a second user;   retrieving market data for the item, the market data comprising a price associated with an order for the item;   retrieving user specific cost data associated with each of the first and second users;   determining a normalized price for the order for each of the first and second users based on the respective user specific cost data associated with each of the first and second users;   causing an interface screen to be displayed at the first and second user computing devices, the interface screen displayed for the first user comprising the normalized price for the first user and the interface screen displayed for the second user comprising the normalized price for the second user, wherein the normalized price for the first user differs from the normalized price for the second user.   
     
     
         2 . The system of  claim 1 , wherein the cost data for each of the first and second users comprises at least one commission formula. 
     
     
         3 . The system of  claim 1 , wherein the cost data for at least one of the first and second users comprises a fee formula. 
     
     
         4 . The system of  claim 1 , wherein the cost data comprises at least one rebate formula. 
     
     
         5 . The system of  claim 1 , wherein the market data comprises a price for each of a plurality of orders for the item, the method further comprising determining a normalized price for each of the orders for each of the first and second users, and wherein the interface screen displayed for the first user comprises a listing of the orders sorted by normalized price and the interface screen displayed for the second user comprising a listing of the orders sorted by normalized price, wherein the sorting for the first user differs from the sorting for the second user. 
     
     
         6 . The system of  claim 5 , the method further comprising refreshing and resorting the interface screen to reflect real time changes in the market data for the item. 
     
     
         7 . The system of  claim 5 , wherein the interface screen comprises at least one element therein for a user to alternatively resort the orders based on the non-normalized price and the normalized price. 
     
     
         8 . The system of  claim 5 , wherein the market data is displayed in a grid in the interface screen, the grid comprising a cell for the normalized price, the non-normalized price, and a size of each of the plurality of orders. 
     
     
         9 . The system of  claim 1 , wherein the user specific cost data associated with the first user is specific to the first user and a party submitting the order. 
     
     
         10 . A method comprising:
 receiving a request for market data on an item from a computing device associated with a first user;   receiving a request for market data on the item from a computing device associated with a second user;   retrieving market data for the item, the market data comprising a price associated with an order for the item;   retrieving user specific cost data associated with each of the first and second users;   determining a normalized price for the order for each of the first and second users based on the respective user specific cost data associated with each of the first and second users;   causing an interface screen to be displayed at the first and second user computing devices, the interface screen displayed for the first user comprising the normalized price for the first user and the interface screen displayed for the second user comprising the normalized price for the second user, wherein the normalized price for the first user differs from the normalized price for the second user.   
     
     
         11 . The method of  claim 10 , wherein the cost data for each of the first and second users comprises at least one commission formula. 
     
     
         12 . The method of  claim 10 , wherein the cost data for at least one of the first and second users comprises a fee formula. 
     
     
         13 . The method of  claim 10 , wherein the cost data comprises at least one rebate formula. 
     
     
         14 . The method of  claim 10 , wherein the market data comprises a price for each of a plurality of orders for the item, the method further comprising determining a normalized price for each of the orders for each of the first and second users, and wherein the interface screen displayed for the first user comprises a listing of the orders sorted by normalized price and the interface screen displayed for the second user comprising a listing of the orders sorted by normalized price, wherein the sorting for the first user differs from the sorting for the second user. 
     
     
         15 . The method of  claim 14 , comprising refreshing and resorting the interface screen to reflect real time changes in the market data for the item. 
     
     
         16 . The method of  claim 14 , wherein the interface screen comprises at least one element therein for a user to alternatively resort the orders based on the non-normalized price and the normalized price. 
     
     
         17 . The method of  claim 14 , wherein the market data is displayed in a grid in the interface screen, the grid comprising a cell for the normalized price, the non-normalized price, and a size of each of the plurality of orders. 
     
     
         18 . The method of  claim 10 , wherein the user specific cost data associated with the first user is specific to the first user and a party submitting the order.