System for providing step out commissions and compensation for research brokers

A securities trading computer system for performing securities step-out arrangements comprising:

• a digital electronic data intercept operatively configured to intercept electronic trading data over a period of time transmitted between a trader and a broker;
• a step-out calculation module operatively connected to said digital electronic data intercept configured to determine:
• a) the commission payments due on the electronic trading between said trader and broker over said set period of time,
• b) the number of step-out payments due on said commission payments,
• c) the details of each step-out payment due on said commission payments,
• d) the commission payments due to an executing broker less the step-out payments due to one or more research broker,
• wherein said trading computer system presents said commission payment to a trader as a suggestion, and automatically performs suggested or revised payments, notifies said executing broker that said commission payments over set period of time payable to said executing broker are available, and notifies said one or more research broker that said step-out payments over set period of time are available, without disclosing to said one or more research broker said commission payment made available to said executing broker.