System for trading commodities and the like
First Claim
1. A system for trading commodities and the like comprising:
- a computer;
a communications link between said computer and the Internet;
a database, accessible by said computer, containing a plurality of user files wherein each of said plurality of user files corresponds to a specified user of the system and further containing exchange permissions corresponding to exchanges to which the specified user may access;
a database, accessible by said computer, containing a plurality of indications wherein each of said plurality of indications contains information corresponding to open bids or offers for commodities and said indications are organized according to the commodities to which they correspond;
al least one computerized exchange for transacting specified commodities executing on said computer accessible by selected users having proper exchange permissions for each exchange;
a presentation of indications transmitted from said computer to a user of the system over said communications link, software executing on said computer for querying said user database to retrieve exchange permissions from a user file corresponding to the user, retrieving indications from said indication database corresponding to the predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of said retrieved indications, and transmitting said presentation to the user over said communications link.
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Accused Products
Abstract
A system for trading commodities and the like comprising a computer, a communications link between the computer and the Internet, a database, accessible by the computer, containing a plurality of user files wherein each of the user files contains a plurality of transaction parameters corresponding to one or more indications associated with the user file. The transaction parameters govern the presentation and acceptance of indications associated therewith. The system further includes a database, accessible by the computer, containing a plurality of indications wherein each of the indications contains information corresponding to open bids or offers for commodities, and an indication selection submitted by a user over the communications link. Software executing on the computer receives the indication selection, retrieves an indication corresponding to the indication selection from the indication database, queries a user file in the user database corresponding to the indication to determine transaction parameters associated with the indication, and presents the indication to the user in accordance with any determined transaction parameters.
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Citations
43 Claims
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1. A system for trading commodities and the like comprising:
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a computer;
a communications link between said computer and the Internet;
a database, accessible by said computer, containing a plurality of user files wherein each of said plurality of user files corresponds to a specified user of the system and further containing exchange permissions corresponding to exchanges to which the specified user may access;
a database, accessible by said computer, containing a plurality of indications wherein each of said plurality of indications contains information corresponding to open bids or offers for commodities and said indications are organized according to the commodities to which they correspond;
al least one computerized exchange for transacting specified commodities executing on said computer accessible by selected users having proper exchange permissions for each exchange;
a presentation of indications transmitted from said computer to a user of the system over said communications link, software executing on said computer for querying said user database to retrieve exchange permissions from a user file corresponding to the user, retrieving indications from said indication database corresponding to the predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of said retrieved indications, and transmitting said presentation to the user over said communications link. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system for trading commodities and the like comprising:
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a computer;
a communications link between said computer and the Internet;
a database, accessible by said computer, containing a plurality of user files wherein each of said plurality of user files contains a plurality of transaction parameters corresponding to one or more indications associated with said user file, said transaction parameters governing the presentation and acceptance of indications associated therewith;
a database, accessible by said computer, containing a plurality of indications wherein each of said plurality of indications contains information corresponding to open bids or offers for commodities;
an indication selection submitted by a user over said communications link; and
,software executing on said computer for receiving said indication selection, retrieving an indication corresponding to said indication selection from said indication database, querying a user file in said user database corresponding to said indication to determine transaction parameters associated with said indication, and presenting said indication to the user in accordance with said determined transaction parameters over said communications link. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32)
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33. A system for trading commodities and the like comprising:
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a computer;
a communications link between said computer and the Internet;
a database, accessible by said computer, containing a plurality of user files wherein each of said plurality of user files contains transaction parameters corresponding to one or more indications associated with said user file, said transaction parameters governing the presentation and acceptance of indications associated therewith;
a database, accessible by said computer, containing a plurality of indications wherein each of said plurality of indications contains information corresponding to open bids or offers for commodities;
a presentation of said plurality of indications transmitted from said computer to the user over said communications link, software executing on said computer for retrieving said plurality of indications from said indication database, querying user files in said user database corresponding to each of said plurality of indications to determine transaction parameters associated with each of said plurality of indications, generating a presentation of said plurality of indications in accordance with said determined transaction parameters, and transmitting said presentation to the user over said communications link. - View Dependent Claims (34, 35, 36, 37, 38)
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39. A method for trading commodities and the like comprising:
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receiving an indication selection chosen by a user from a selectable presentation of indications over said communications link;
retrieving an indication corresponding to said indication selection from a database containing a plurality of indications wherein each of said plurality of indications contains information corresponding to open bids or offers for commodities;
retrieving transaction parameters corresponding to said indication selection from a database containing a plurality of user files wherein each of said plurality of user files contains a plurality of transaction parameters corresponding to one or more indications associated with said user file; and
,completing a transaction between the user and a submitter of said indication in accordance with said determined transaction parameters over said communications link. - View Dependent Claims (40, 41, 42, 43)
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Specification