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Simulation auction for public offering

  • US 20060085321A1
  • Filed: 07/18/2005
  • Published: 04/20/2006
  • Est. Priority Date: 07/20/2004
  • Status: Abandoned Application
First Claim
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1. A computer implemented method for determining a simulated price and other market information corresponding to real-world securities in an offering comprising:

  • selecting a real world securities offering for a simulation auction and providing information about the selected offering to stimulate simulated bids for simulated securities corresponding to the selected offering;

    offering to accept simulated bids from one or more potential participants via a communication network for the simulation auction of securities, said offering requiring payment of a bid participation fee that increases with the total value of the securities for which the simulated bid is made;

    receiving simulated bids via a communication network from paying participants;

    determining a simulated clearing price for the securities in the simulation auction based upon the received simulated bids; and

    providing to participants making a bid an individual auction outcome indicating whether or not their bid was rejected or not and, if rejected, whether it was rejected as below the simulated clearing price determined in the simulation auction.

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