Web-based peer-to-peer electronic negotiations

A peer-to-peer electronic negotiation platform comprising:

• providing a network-based platform that enables access via a uniform resource locator on a client device;
• the network-based platform further comprising:
• a requestor state that allows a requestor to send a request for quote;
• a liquidity provider state that displays the request for quote, the liquidity provider state further allowing a liquidity provider to respond with a negotiation price or an ability to decline to enter into a negotiation;
• a requestor state in which, in response to the liquidity provider responding with a negotiation price, the requestor is given a specified amount of time to accept or decline the response;
• a locked price state where the requestor has signaled a worst price for which the requestor is willing to complete the negotiation;
• a liquidity provider state in which the liquidity provider can change the negotiation price of a negotiation that has not been canceled or completed;
• a requestor price improvement feature wherein, if the requestor has locked in a limit price and a liquidity provider's price change favors the requestor at the same time the requestor is agreeing to the prevailing negotiation price, the trade can be executed at the new price resulting in a price improvement to the requestor;
• further wherein, if the price change has moved the price to a level beyond which the requestor has signaled the desire to trade at the same time the requestor is agreeing to the prevailing negotiation price, the transaction will not occur at the new price and the requestor is protected from the adverse price move;
• and
• wherein the risk of the requestor trading in a situation where the negotiation price has moved outside of their agreed-upon best price is removed.