Computer-implemented securities trading system with a virtual specialist function
First Claim
1. A method for trading a plurality of derivative financial instruments, comprising:
- receiving a first order to buy a derivative financial instrument that selectively represents an entity associated with an entertainment-oriented asset;
receiving a second order to sell said derivative financial instrument;
setting a market price of said derivative financial instrument; and
executing a trade at the set market price.
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Accused Products
Abstract
A computer-implemented financial management system provides the trading of securities via a network using virtual currency. A server computer receives buy and sell orders for derivative financial instruments from a plurality of client computers. The server computer attempts to match the buy and sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer. The virtual specialist program responds to an imbalance in the matching of buy and sell orders. The virtual currency accumulated by HSX account holders as a result of successful trading may be converted to another currency, credited towards the cost of merchandise provided through a vendor'"'"'s web site, etc.
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Citations
51 Claims
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1. A method for trading a plurality of derivative financial instruments, comprising:
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receiving a first order to buy a derivative financial instrument that selectively represents an entity associated with an entertainment-oriented asset;
receiving a second order to sell said derivative financial instrument;
setting a market price of said derivative financial instrument; and
executing a trade at the set market price. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A system for trading a plurality of derivative financial instruments, comprising:
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means for receiving a first order to buy a derivative financial instrument that selectively represents an entity associated with an entertainment-oriented asset;
means for receiving a second order to sell said derivative financial instrument;
means for setting a market price of said derivative financial instrument; and
means for executing a trade at the set market price. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A computer-readable storage medium for storing program code means for, when executed, causing a computer to perform a method for trading a plurality of derivative financial instruments over the Internet, comprising:
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receiving a first order to buy a derivative financial instrument that selectively represents an entity associated with an entertainment-oriented asset;
receiving a second order to sell said derivative financial instrument;
setting a market price of said derivative financial instrument; and
executing a trade at the set market price. - View Dependent Claims (26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36)
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37. A method for trading a plurality of derivative financial instruments, comprising:
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receiving a first order to buy a derivative financial instrument that selectively represents a talent in an entertainment industry;
receiving a second order to sell said derivative financial instrument;
setting a market price of said derivative financial instrument; and
executing a trade at the set market price. - View Dependent Claims (38, 39, 40, 41)
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42. A system for trading a plurality of derivative financial instruments, comprising:
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means for receiving a first order to buy a derivative financial instrument that selectively represents a talent in an entertainment industry;
means for receiving a second order to sell said derivative financial instrument;
means for setting a market price of said derivative financial instrument; and
means for executing a trade at the set market price. - View Dependent Claims (43, 44, 45, 46)
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47. A computer-readable storage medium for storing program code means for, when executed, causing a computer to perform a method for trading a plurality of derivative financial instruments, comprising:
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receiving a first order to buy a derivative financial instrument that selectively represents a talent in an entertainment industry;
receiving a second order to sell said derivative financial instrument;
setting a market price of said derivative financial instrument; and
executing a trade at the set market price. - View Dependent Claims (48, 49, 50, 51)
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Specification