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Method and a system for settlement of trading accounts

  • US 20040243503A1
  • Filed: 04/01/2004
  • Published: 12/02/2004
  • Est. Priority Date: 08/29/1997
  • Status: Active Grant
First Claim
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1. An exchange system for settling accounts of users including buyers and sellers of telecommunication services in a plurality of communications networks, wherein the buyers and sellers input requests and offers using access stations connected to a wide area network, said exchange system comprising:

  • an exchange server node connectable to the access stations of the buyers and sellers through the wide area network for matching the sellers'"'"' offers and the buyers'"'"' requests;

    at least one switch node for routing telecommunications traffic between the communications networks in response to matched offers and requests;

    a database connected to said exchange server node and storing information including account balances of the exchange system and each of the buyers and sellers; and

    a financial module connected to said exchange server node for processing financial tasks.

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