Systems and methods for detecting interest and volume matching

An apparatus, comprising:

• at least one processor;
• and
• at least one memory having instructions stored thereon which, when executed by the at least one processor, direct the at least one processor to:
• receive indicia indicating that a first user desires to trade one of (1) a trading product and (2) a type of trading product comprising the trading product;
• determine that there is no currently active matching contra interest to trade the one of (1) the trading product and (2) the type of trading product in an electronic market place;
• qualify each of a plurality of users to participate in an auction for the trading product based on at least one of (a) a portfolio of the user, (b) a trade history of the user, (c) an order history of the user, (d) one or more outstanding orders of the user, and (e) trading interest specified by the user, in which the plurality of users comprising the first user, the plurality of users consisting of a subset of users of the electronic marketplace;
• determine a trading price for the auction for the trading product;
• cause a display device of the plurality of users to display:
• indicia identifying the trading product;
• the price;
• an auction start time;
• a bid quantity field for entering a quantity of the trading product offered to purchase;
• and
• an offer quantity field for entering a quantity of the trading product offered for sale;
• start an auction at the price for the plurality of users;
• prior to an end time of the auction, receive at least one bid to purchase the trading product and at least one offer to sell the trading product, the at least one bid comprising a first-received bid to purchase a first quantity of the trading product, the at least one offer comprising a first-received offer to sell a second quantity of the trading product;
• and
• match and execute at least a portion of the first quantity of the first-received bid with at least a portion of the second quantity of the first-received offer.

A machine-readable medium having instructions stored thereon and configured to cause at least one processor to:

• receive indicia indicating that a first user desires to trade one of (1) a trading product and (2) a type of trading product comprising the trading product;
• determine that there is no currently active matching contra interest to trade the one of (1) the trading product and (2) the type of trading product in an electronic market place;
• qualify each of a plurality of users to participate in an auction for the trading product based on at least one of (a) a portfolio of the user, (b) a trade history of the user, (c) an order history of the user, (d) one or more outstanding orders of the user, and (e) trading interest specified by the user, in which the plurality of users comprising the first user, the plurality of users consisting of a subset of users of the electronic marketplace;
• determine a trading price for the auction for the trading product;
• cause a display device of the plurality of users to display:
• indicia identifying the trading product;
• the price;
• an auction start time;
• an auction end time;
• a bid quantity field for entering a quantity of the trading product offered to purchase;
• and
• an offer quantity field for entering a quantity of the trading product offered for sale;
• start an auction at the price at the auction start time for the plurality of users;
• prior to the auction end time, receive at least one bid to purchase the trading product and at least one offer to sell the trading product, the at least one bid comprising a first-received bid to purchase a first quantity of the trading product, the at least one offer comprising a first-received offer to sell a second quantity of the trading product;
• and
• match and execute at least a portion of the first quantity of the first-received bid with at least a portion of the second quantity of the first-received offer.