Electronic trading system

• US 20040049446A1
• Filed: 08/20/2003
• Published: 03/11/2004
• Est. Priority Date: 08/04/2000
• Status: Abandoned Application

• Current Assignee: Usertrade AS
• Original Assignee: Usertrade AS
• Inventors: Seljeseth, Kay
• Application Number:
  US10/343,895
• Publication Number:
  US 20040049446A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

It is described a trade and marketing system for trading in an electronic medium, and especially for Internet. The system comprises a data technical infrastructure, algorithms/rules and modules, which together constitute a total system for performing all steps in a trade; from marketing the commercial goods to payment and delivery of the goods. The system creates an international electronic trading place on the net, which opens for easier trade on the net over the country borders.

Claims

1. System for trade and/or marketing in an electronic medium, comprising:

central systems for primary data storage and processing; and

an electronic place of trade connected with these central systems for advertising/marketing and trade of trade object,

characterized in that the electronic place of trade comprises;

means for automatically price settlement of the trade objects and settlement of conditions;

means for automatic selection of at least one agent for at least one actor in each single trade based on given criteria/parameters; and

means for specifying each single trade.

2. System according to claim 1, where the electronic place of trade further comprises means for trade object control and settlement, for safe settlement of the trade, which also comprises delivery of the trade object.

3. System according to claim 1, where the central systems comprise databases that include information and parameters associated with agents, sellers/buyers (actors), trade objects, markets and banks/payment systems.

4. System according to claim 1, where criteria for selection of agent(s) are linked to information about seller, buyer, trade object, markets in which these exist, and present information about the agent(s).

5. System according to claim 1, where the automatic agent selection means prioritize agents in that actual parameters/criteria are collocated and weighted mathematically to give objectively seen the best agent.

6. System according to claim 1, where the agent selection means comprise threshold values/limits for excluding agents that do not satisfy given demands.

7. System according to claim 1, where the agent selection means generate a list of agents in preferred sequence, between which the actor(s) subsequently can select.

8. System according to claim 1, where the price information and the agent information is introduced for the actor(s) dynamically on this client directly.

9. System according to claim 8, where the client is an Internet/HTML based interface, a traditional user interface, at telephony unit, WAP and/or other technologies.

10. System according to claim 1, where the trading system is designed as an open buss system such that actors simply can connect to the system.

11. System according to claim 1, where the automatic price settlement means and automatic agent selection means comprise rules stored as code in web sites, another client system, business objects, in another software, as functions in a database or in other ways in the central systems.

12. System according to claim 1, where the properties of a trade object are defined as standard values in the system or are defined by actor or agent.

13. System according to claim 1, where the properties of the trade objects are defined in such detail that they can be handled by all the means in the trading system in a quantified and controlled manner.

14. System according to claim 1, where the means for automatic price settlement and means for automatic agent selection comprise rules stored as modules with algorithms performed with actual parameters.

15. System according to claim 14, where the modules are selected based on the trade object'"'"'s from-market and to-market and other parameters, such that a single object can be introduced with different prices, conditions and information in different markets by use of several rules.

16. System according to claim 14, where the rules are based on international customs tariffs and/or similar sources.

17. System according to claim 15, here the markets exist in different countries and the trade objects have defined properties which can be associated with several languages, in which the system comprises means for automatically presenting all information in several chosen languages for actors in the system.

18. System according to claim 1, where the electronic medium is Internet, WAP, teletext, telephony based information systems or the like.

19. System according to claim 1, where all costs as vat, customs, taxes, duties associated with the trade are included in the price settlement for the trade object.

20. Method for trade and/or marketing of trade objects in an electronic place of trade in an electronic medium where the electronic trading place is connected to central systems for primary data storage and processing, the method comprising:

advertising trade objects that are to be sold on the electronic trading place, characterized in

to conclude trade of the sales objects between actors or between the trading place and an actor,

where the trading place

automatically settles the price on the trade objects, and

automatically selects at least one agent for carrying out the single trade based on given criteria/parameters; and

to complete each single trade by the use of means for trade object control and settlement.

21. Method according to claim 20, where the means for trade object control and settlement are integrated in the trading place.

22. Method according to claim 20, where settlement of each single trade also comprises delivery of the trade object.

23. Method according to claim 20, comprising presenting the result from the price settlement and/or agent selection in the client system or storing it for later use.

24. Method according to claim 20, comprising generating a list of agents in prioritized sequence, in which subsequently the actor(s) can choose between.

25. Method according to claim 20, comprising prioritizing agents in that actual parameters/criteria are collocated and weighted mathematically to give objectively seen the best agent, the threshold values/limits excluding agents that do no satisfy given criteria.

26. Method according to claim 20, comprising

placing a trade object in a defined settlement process, containing a number of processing phases, and when a trade is completed, to control the process by changing status for the trade object and/or change of status for seller/buyer and/or agent(s) in a central database, where entry into a processing phase initiates a number of actions, while exit from a processing phase require fulfillment of one or more conditions.

27. Method according to claim 26, where actions comprise automatically or manually issuance of email, fax, transactions, publishing on Internet or other.

28. Method according to claim 20, comprising after settlement of a trade to issue general documents and transactions for merchandise, and to issue documents adapted to the object'"'"'s category for capital goods.

29. Method according to claim 28, where documents comprise paper based documents, documents based on email content, web sites or other media.

30. Method according to claim 20, comprising controlling the trade object'"'"'s condition before payment to seller either by the aid of agent or in that the buyer himself/herself approves the trade object, where the detailed information from the central systems are the basis for the approval.

31. Method according to claim 30, where the trading system automatically can change price and/or other conditions connected to the trade on the basis of control of the trade object against the detailed information in the central systems.

32. Method according to claim 20, where in a trade where buyer is the control function, to perform the following:

to conclude a trade,

to issue to buyer, seller and agent(s), documents which describe in detail the trade object and the trade in detail,

to send deposit slip to buyer,

to approve payment, and subsequently perform one of the two following steps;

if buyer approves the object, to pay out the amount to seller, and

if the buyer does not approve the object, to pay out the deposited amount back to buyer.

33. Method according to claim 20, comprising stipulating price for the sales objects for markets existing in different countries by letting all costs as vat, customs, taxes and duties connected with the trade be included in the price stipulation for the trade object.

34. Method according to claim 20, and where the trade objects have defined properties which can be linked to several languages, the method comprising automatically presenting information on several chosen languages for actors in the system.