Computer-implemented methods and computer systems for an electronic financial platform

Abstract

In some embodiments, the instant invention provides for specifically programming a computer machine to perform at lease: receiving, from a trader, a passive indication of interest (IOI) for a financial instrument, where the passive IOI is a bid or an offer and a resting liquidity; classifying the trader as at least: a trading type that is subject to a decline ratio calculation for crossing the passive IOIs, where the decline ratio calculation identifies how many eligible aggressive IOIs have been previously declined by the trader out of a total number of all eligible aggressive IOIs that were offered to such trader; receiving, from another trader, another IOI that is an aggressive IOI, where the aggressive IOI is available to be immediately crossed at the price; and determining, in real-time, an allocation of the aggressive IOI to the trader submitted the passive IOI based on the decline ratio of the trader.

What is claimed is: 
     
         1 . A computer-implemented method being implemented by at least one improved matching computer system programmed in accordance with the computer-implemented method, comprising:
 calculating, by at least one improved matching computer system, for each of a first trading entity, a second trading entity, and a third trading entity, a decline ratio based on a decline ratio calculation, wherein the decline ratio calculation identifies at least one of:   i) a first ratio of orders that have been previously declined or cancelled by each trading entity to a total number of orders that have been associated with such trading entity during a first pre-determined time period,   ii) a second ratio of orders that have been previously declined or cancelled by each trading entity to a total number of executed orders that have been associated with such trading entity during a second pre-determined time period, or   v) any combination thereof;   receiving, by the at least one improved matching computer system, in response to at least one trade availability notification, from each trading entity to whom the at least one notification has been communicated:   i) an acceptance response or   ii) a decline response;   calculating, by the at least one improved matching computer system, in real-time, when the acceptance response is received, a first financial compensation to each trading entity who has accepted to cross;   re-calculating, in real-time, when the decline response is received, based at least in part on the decline response, by the at least one improved matching computer system, the decline ratio of each trading entity who has accepted or declined.