A tradable asset market trading and hedging
system is disclosed. The tradable assets may include fuels or industrial minerals and rocks (IMRs). The
system may include a conventional Exchange and its Islamic exchange affiliate or subsidiary (“IES”), a Sharia conversion module (both hardware and
software), and a back-to-back order execution module (also both hardware and
software). The IES makes use of a suitable cross-liquidity
algorithm for the purpose of consolidating bids and offers from the Exchange and the IES in order to enhance IES liquidity. An entity that qualifies for Sharia-based trading with the IES may be issued a customized
dongle to inter alia regulate and control who can access what data at any given time. The
dongle interfaces with a computing device (e.g.,
laptop, desktop, tablet, etc.) used by an individual, institution or other qualified entity to access the IES. The
dongle may include a customer position limits
enforcement module and a
high frequency trading order stuffing block module that are both in communication with a suitable processor. The
system and method enables Sharia-compliant trades to be executed, including those trades that are attendant to Islamic-financed transactions.