Electronic bartering system
First Claim
1. A bartering system for implementing barters between a plurality of parties each having one or more classes of items available for barter comprising:
- means for creating a barter order including;
means for designating a selected quantity of a first class of items to be bartered;
means for designating a date range for transferring title of said selected quantity of said first class of items to be bartered whereby a barterer may elect to defer the transfer of title to said first class items to a time after the barter order is used to complete a barter transaction or elect to transfer title along with the completion of such a barter transaction;
means for designating a barter value of said first class of items to be bartered; and
means for designating a second class of items to be acquired;
means for posting barter orders via the Internet to a barter database;
means for displaying via the Internet posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order; and
means for selecting a posted barter order from said displaying means to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order.
2 Assignments
0 Petitions
Accused Products
Abstract
A bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order(s).
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Citations
27 Claims
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1. A bartering system for implementing barters between a plurality of parties each having one or more classes of items available for barter comprising:
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means for creating a barter order including;
means for designating a selected quantity of a first class of items to be bartered;
means for designating a date range for transferring title of said selected quantity of said first class of items to be bartered whereby a barterer may elect to defer the transfer of title to said first class items to a time after the barter order is used to complete a barter transaction or elect to transfer title along with the completion of such a barter transaction;
means for designating a barter value of said first class of items to be bartered; and
means for designating a second class of items to be acquired;
means for posting barter orders via the Internet to a barter database;
means for displaying via the Internet posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order; and
means for selecting a posted barter order from said displaying means to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 16, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)
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14. A bartering system for implementing barters between a plurality of parties each having one or more classes of items available for barter comprising:
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means for creating a barter order including;
means for designating a selected quantity of a first class of items to be bartered;
means for designating a barter value of said first class of items to be bartered; and
means for designating a second class of items to be acquired;
means for posting barter orders via the Internet to a barter database; and
means for matching a plurality of barter orders such that the first class of items of each barter order of the plurality of barter orders matches the second class of items of a different barter order of the plurality of barter orders.
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15. A method of bartering comprising the steps of:
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creating a barter order including;
designating a first class of items and quantity to be bartered;
designating a barter value for said first class of items to be bartered; and
designating a second class of items to be acquired;
posting barter orders to a barter database;
displaying via the Internet posted barter orders whose first class of items match the second class of a barterer'"'"'s order;
selecting a barter order from said display; and
finalizing a barter transaction based on said barter'"'"'s order and said selected barter order.
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17. A bartering system for implementing barters between a plurality of investors each having one or more classes of items available for barter comprising:
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means for creating a barter order including;
means for designating a selected quantity of a first class of items to be bartered;
means for designating a barter value of said first class of items to be bartered; and
means for designating a second class of items to be acquired;
means for posting barter orders via the Internet to a barter database;
means for displaying via the Internet posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order; and
means for selecting a posted barter order from said displaying means.
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Specification