Real time network exchange with seller specified exchange parameters and interactive seller participation
First Claim
42. A method for operating a networked exchange in which a financial instrument is traded from a seller to a purchaser by an exchange processor comprising:
- said seller identifying said financial instrument for said exchange;
specifying a mode of operations for an exchange;
said purchaser accessing said networked exchange;
said exchange processor processing information generated by said purchaser, said processing information comprising a negotiation between said seller and said purchaser;
concluding said negotiation between said seller and said purchaser; and
said exchange processor clearing said concluded negotiation.
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0 Petitions
Accused Products
Abstract
A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy; an exchange processor in communication with the internal proxy; a database in communication with the internal proxy; an external proxy in communication with the internal proxy; and, a communications network connected to the external proxy. A method for networked exchange comprises 8 steps. Those steps are (1) specifying a mode of operations for an exchange; (2) identifying a financial instrument for the exchange; (3) listing information about the financial instrument; (4) accessing of the listing by a potential purchaser; (5) accessing the network-based exchange by the potential purchaser; (6) processing information generated by the potential purchaser, the information comprising a negotiation; (7) concluding the negotiation; and, (8) clearing the concluded negotiation.
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Citations
84 Claims
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42. A method for operating a networked exchange in which a financial instrument is traded from a seller to a purchaser by an exchange processor comprising:
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said seller identifying said financial instrument for said exchange;
specifying a mode of operations for an exchange;
said purchaser accessing said networked exchange;
said exchange processor processing information generated by said purchaser, said processing information comprising a negotiation between said seller and said purchaser;
concluding said negotiation between said seller and said purchaser; and
said exchange processor clearing said concluded negotiation. - View Dependent Claims (43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 69, 70, 71, 72, 73, 74, 75, 76)
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63. Computer-readable media having computer-readable code embodied therein for networked exchange of a financial instrument between a seller and a purchaser, said computer readable code comprising:
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means for identifying said financial instrument for said exchange;
means for specifying a mode of operations for an exchange;
means for accessing said networked exchange by said purchaser;
means for processing information generated by said purchaser, said means for processing information comprising a negotiation;
means for concluding said negotiation; and
means for clearing said concluded negotiation. - View Dependent Claims (64, 65, 66, 67, 68, 77, 78, 79, 80, 81, 82, 83, 84)
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Specification