A method and apparatus for aggregating, netting, and executing securities trades
on behalf of customers expressing orders in both share and dollar amounts without
assuming unwanted risk. Where a brokerage receives orders from customers in both
dollar and share amounts, the brokerage can aggregate and net the orders, executing
the outstanding orders through a market maker. The number of shares to order through
the market maker depends on the price at which the market maker can execute. Rather
than present the market maker with a conventional order, the brokerage presents
the market maker with a schedule of orders for different possible execution prices.