System for trading commodities and the like
First Claim
1. A system for transacting in commodities and the like, comprising:
- a computer;
at least two computerized exchanges in communication with the computer, each of said exchanges executing software for transacting specified commodities executed via the computer;
a database, accessible by the computer, containing a plurality of indications involving commodities associated with said at least two exchanges; and
software executing on said computer, thereby causing said computer to;
pool said plurality of indications from said at least two exchanges, andgenerate an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges.
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Accused Products
Abstract
The present invention provides a system for trading commodities and the like. A computer, a communications link between the computer and the Internet, and a database, accessible by the computer are provided. The database includes a plurality of user files. Each of the user files corresponds to a specified user of the system. Each of the user files contains exchange permissions corresponding to exchanges to which the specified user may access. At least one computerized exchange transacts specified commodities executing on the computer accessible by selected users having proper exchange permissions for each exchange. A display is provided for pooling liquidity that permits users to post and view bids and offers and negotiate and consummate transactions on common commodities from one or more groups or exchanges. By such liquidity pooling, the liquidity of transactions of commodities between various exchanges and users is improved.
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Citations
22 Claims
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1. A system for transacting in commodities and the like, comprising:
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a computer; at least two computerized exchanges in communication with the computer, each of said exchanges executing software for transacting specified commodities executed via the computer; a database, accessible by the computer, containing a plurality of indications involving commodities associated with said at least two exchanges; and software executing on said computer, thereby causing said computer to; pool said plurality of indications from said at least two exchanges, and generate an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges. - View Dependent Claims (2, 3)
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4. A method for transacting in commodities and the like, comprising:
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providing a computer, said computer in communication with at least two computerized exchanges, each of said exchanges executing software for transacting specified commodities executed via the computer; providing a database that is accessible by the computer, said database containing a plurality of indications involving commodities associated with said at least two exchanges; said computer pooling said plurality of indications from said at least two exchanges; and generating, by said computer, an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges. - View Dependent Claims (5, 6)
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7. A system for transacting in commodities and the like, comprising:
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a computer; at least two computerized exchanges in communication with the computer, each of said exchanges executing software for transacting specified commodities executed via the computer; and receive a plurality of indications involving commodities associated with said at least two exchanges; a database, accessible by the computer, configured for storing said plurality of indications involving commodities associated with said at least two exchanges; and software executing on said computer, thereby causing the computer to; pool said plurality of indications; and generate an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges. - View Dependent Claims (8, 9, 10, 11, 12, 13, 14)
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15. A method for transacting in commodities and the like, comprising:
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providing a computer, said computer in communication with at least two computerized exchanges, each of said exchanges executing software for transacting specified commodities executed via the computer; receiving, by the computer, a plurality of indications involving commodities associated with said at least two exchanges; providing a database that is accessible by the computer, said database containing a storing at least a portion of the plurality of indications involving commodities associated with said at least two exchanges; pooling, by said computer, said plurality of indications; and generating, by said computer, an aggregated presentation of said pooled indications, said aggregated presentation simultaneously displaying at least one indication from each of said at least two exchanges, wherein receiving input responsive to the aggregated presentation triggers a transaction across at least one of said at least two exchanges. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22)
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Specification