Method and system for providing option spread indicative quotes

A system for electronically trading derivatives, comprising:

• one or a plurality of market maker stations;
• one or a plurality of subscriber stations;
• one or a plurality of Exchanges;
• and
• a network managing station in communication over a network with the one or the plurality of market maker stations, the one or the plurality of subscriber stations, and the one or the plurality of Exchanges;
• wherein the market maker stations are independently configured to receive and/or provide one or both of an indicative quote and a binding quote;
• wherein the subscriber stations are independently configured to request and/or receive one or both of the indicative quote and the binding quote, and are independently further configured to order a transaction based on the binding quote;
• wherein the network managing station is configured to match binding quotes and orders and to send the binding quotes and orders to an Exchange for clearance;
• and
• wherein the Exchanges are independently configured to receive and/or clear the order for the transaction.

A system for electronically trading derivatives, comprising:

• one or a plurality of market maker stations;
• one or a plurality of subscriber stations;
• one or a plurality of Exchanges;
• and
• a network managing station in communication over a network with the one or the plurality of market maker stations, the one or the plurality of subscriber stations, and the one or the plurality of Exchanges;
• wherein the market maker stations are independently configured to (a) receive requests for indicative quotes and/or binding quotes directly from at least one subscriber station, and to (b) provide indicative quotes and/or binding quotes directly to at least one subscriber station;
• wherein the subscriber stations are independently configured to (a) request indicative quotes and/or binding quotes directly from at least one market maker station, and to (b) order a transactions based on at least one binding quote;
• wherein the Exchanges are independently configured to receive and/or clear orders for transactions directly from the subscriber stations and/or the market maker stations;
• and
• wherein the network managing station is configured to (a) monitor activity between the market maker stations, the subscriber stations, and the Exchanges, (b) maintain an audit trail of the activity, and (c) match binding quotes and orders and send the binding quotes and orders to an Exchange for clearance.