Virtual over-the-counter financial product exchange system

A virtual over-the-counter exchange system comprising:

• a broker database operatively coupled to a first interactive graphical user interface (GUI) that is accessible by a broker and one or more other brokers within a firm;
• a virtual trader database operatively coupled to a second interactive GUI that is accessible by one or more designated traders;
• and
• a computing device comprising a processor operatively coupled to a memory, the memory storing computer-readable instructions that, when executed by the processor, cause the computing device to:
• receive, via a product creation wizard comprising a window of the first interactive GUI, entry of a market structure and financial product information for one or more products, the first interactive GUI for use by the broker and the one or more other brokers within the firm;
• automatically store the market structure and the financial product information in the broker database in real time;
• assign the market structure a unique identification number;
• query the virtual trader database for the unique identification number to determine whether the virtual trader database already includes the market structure;
• upon determining that the virtual trader database already includes the market structure, send only the financial product information to the virtual trader database;
• display, via a broker whiteboard comprising a window of the first interactive GUI, one or more markets on a single screen, each market corresponding to a product of the one or more products;
• receive, via the broker whiteboard, first updates to one or more fields of financial product information from the broker and second updates to the one or more fields from the one or more other brokers within the firm;
• dynamically display, via the broker whiteboard, the first updates and the second updates in real time as they are received, wherein the first updates are visually distinguishable from the second updates in the broker whiteboard;
• send one or more of the first updates and the second updates to the virtual trader database;
• and
• dynamically display, via a trader whiteboard comprising a window of the second interactive GUI, one or more of the first updates and the second updates in real time as they are received by the broker whiteboard and an indication of the one or more of the first updates and the second updates.