Systems and methods for commission allocation

A method implemented on an electronic trading system, the method comprising:

• receiving a first trade command from a first participant to buy or sell an item at a desired price;
• receiving a second trade command from a second participant to transact the item;
• identifying an active side and a passive side of a trade between the first and second participants;
• and
• displaying a commission or reward to at least one of the first and second participants based on the identifying the active and passive sides of the trade.

An electronic trading system comprising a server that is coupled to a plurality of workstations, each of the workstations being adapted to communicate trading information relating to at least an item with the server, the server being adapted to:

• receive a first trade command to buy or sell an item at a desired price, the first trade command being communicated from a first workstation used by a first participant to enter the first trade command;
• receive a second trade command to transact the item, the second trade command being communicated from a second workstation used by a second participant to enter the second trade command;
• match the first and second trade commands thereby executing a trade on the item;
• determine a commission or reward based on an order in which the first and second trade commands are received;
• and
• allocate the commission or reward to at least one of the first and second participants.

An electronic trading system comprising a server that is coupled to a plurality of workstations, each of the workstations being adapted to communicate trading information relating to at least an item with the server,

• the server being adapted to:
• receive a first trade command to buy or sell an item at a desired price, the first trade command being communicated from a first workstation used by a first participant to enter the first trade command;
• receive a second trade command to transact the item, the second trade command being communicated from a second workstation used by a second participant to enter the second trade command;
• identify an active side and a passive side of a trade between the first and second participants;
• and
• at least one of the plurality of workstations being adapted to:
• display a commission or reward to at least one of the first and second participants based on the identifying the active and passive sides of the trade.