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Exchange fusion

  • US 20020069157A1
  • Filed: 09/17/2001
  • Published: 06/06/2002
  • Est. Priority Date: 09/15/2000
  • Status: Abandoned Application
First Claim
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1. A networked system for coordinating the sale of an item to an optimal bidder across a plurality of remote auction services comprising:

  • a) a networked multi-auction service system comprising;

    i) means for communicating with the plurality of remote auction services;

    ii) means for detecting a plurality of bids from a plurality of remote auction services;

    iii) means for determining which of said plurality of detected bids is the optimal bid;

    iv) means for replicating the optimal bid across the plurality of remote auction services;

    b) the plurality of networked remote auction services each comprising;

    i) means for receiving selling parameters for the item to be auctioned from the multi-auction service or sellers directly;

    ii) means for receiving bids for the item to be auctioned from a plurality of bidders and said multi-auction service;

    iii) means for updating the bid for the item to be auctioned;

    c) a database for storing bid information; and

    d) means for converting bids received at the remote auction services to a format suitable for storage in the database and for converting bid information stored in said database to a format suitable for communication to said remote auction services.

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