Method for computerized wagering
5 Assignments
0 Petitions
Accused Products
Abstract
A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy (140); an exchange processor (120) in communication with the internal proxy (140); a database (130) in communication with the internal proxy (140); an external proxy (150) in communication with the internal proxy (140); and, a communications network (110) 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 commodity for the exchange; (3) listing information about the commodity; (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
100 Claims
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1-90. -90. (canceled)
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91. A method for operating a networked exchange in which a commodity is traded from a seller to a purchaser by an exchange processor, the method comprising the steps of:
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said seller identifying characteristics for said commodity to said networked exchange;
potential purchasers accessing said networked exchange;
intervening by said seller, wherein said intervention comprises said seller creating new characteristics for said commodity, said new characteristics differing from the previous characteristics in at least one aspect;
providing said new characteristics for said commodity to said exchange for access by said potential purchasers;
said exchange processor processing information generated by at least one potential purchaser, said processing information comprising a negotiation between said seller and said at least one potential purchaser to determine said purchaser;
concluding said negotiation between said seller and said purchaser; and
said exchange processor clearing said concluded negotiation. - View Dependent Claims (92, 93, 94, 95)
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96. A method for operating a networked exchange in which a commodity is traded from a seller to a purchaser by an exchange processor, the method comprising the steps of:
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said seller identifying characteristics for said commodity to said networked exchange;
potential purchasers accessing said networked exchange;
intervening a first time by said seller, wherein said first intervention comprises said seller creating new characteristics for said commodity, said new characteristics differing from the previous characteristics in at least one aspect;
providing said new characteristics for said commodity to said exchange for access by said potential purchasers;
said exchange processor processing information generated by at least one potential purchaser, said processing information comprising a negotiation between said seller and said at least one potential purchaser to determine said purchaser;
intervening a second time by said seller, wherein said second intervention comprises said seller creating new characteristics for said commodity, said new characteristics differing from the previous characteristics in at least one aspect;
providing said new characteristics for said commodity to said exchange for access by said potential purchasers;
said exchange processor processing information generated by at least one potential purchaser, said processing information comprising a negotiation between said seller and said at least one potential purchaser to determine said purchaser;
concluding said negotiation between said seller and said purchaser; and
said exchange processor clearing said concluded negotiation. - View Dependent Claims (97, 98, 99)
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100. A method for operating a networked exchange in which a commodity is traded from a seller to a purchaser by an exchange processor, the method comprising the steps of:
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said seller identifying characteristics for said commodity to said networked exchange;
potential purchasers accessing said networked exchange;
said exchange processor processing information generated by at least one potential purchaser, said processing information comprising bidding between said network exchange and said at least one potential purchaser to determine said purchaser;
concluding said bidding between said network exchange and said purchaser; and
said exchange processor clearing said concluded bidding.
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Specification