System and method for IP bandwidth trading
First Claim
1. A method for trading IP bandwidth in an exchange system comprising a trading server and a trading arbiter connected to a trading switch, said method comprising the steps of:
- a. registering one or more destination network parameters of each member'"'"'s network with a trade route registry, accessible by the trading arbiter, in order to facilitate the identification of a member'"'"'s routes. b. receiving, at the trading server, buy orders and sell orders from respective buying and selling members for IP bandwidth and storing the buy orders and sell orders in an order database, each of the orders including a destination network parameter;
c. matching buy and sell orders based on the destination network parameter and generating a list of one or more matched buy and sell orders as a trading result; and
d. communicating by the trading server the trading result to the matched buying and selling member networks using border gateway protocol announcements so that said matched buying and selling member networks may configure their routes between the matched buying and selling members.
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Abstract
A method and system for trading IP bandwidth in an exchange environment. Participating members of the exchange register their IP route destinations with the exchange. The exchange collects buy and sell orders, which include parameters such as the desired destination, price and quality of the routes. The buy and sell orders are matched based on the specified parameters, and lists of matched orders are forwarded to members'"'"' routers for execution of the trades. The exchange settles the executed trades by issuing invoices in accordance with the buyer members'"'"' usage of the bandwidth offered by the seller members.
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Citations
26 Claims
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1. A method for trading IP bandwidth in an exchange system comprising a trading server and a trading arbiter connected to a trading switch, said method comprising the steps of:
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a. registering one or more destination network parameters of each member'"'"'s network with a trade route registry, accessible by the trading arbiter, in order to facilitate the identification of a member'"'"'s routes. b. receiving, at the trading server, buy orders and sell orders from respective buying and selling members for IP bandwidth and storing the buy orders and sell orders in an order database, each of the orders including a destination network parameter;
c. matching buy and sell orders based on the destination network parameter and generating a list of one or more matched buy and sell orders as a trading result; and
d. communicating by the trading server the trading result to the matched buying and selling member networks using border gateway protocol announcements so that said matched buying and selling member networks may configure their routes between the matched buying and selling members. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. An exchange system for trading IP bandwidth, comprising a trading server connected to a switch, said switch being connectable to member routers for receiving buy and sell orders for IP bandwidth from the member routers of members, said trading server comprising a trading platform having an order database for storing the buy and sell orders and a quality database for storing quality characteristics of member networks determined by route analysis, each of the buy orders and sell orders including a destination network parameter, and said trading server generating trades by matching buy orders and sell orders based on the destination network parameter;
- and a trading arbiter to register and store member IP address prefixes of the member routers and to implement the trades.
- View Dependent Claims (18, 19, 20, 21, 22, 23, 24, 25, 26)
Specification