Methods and apparatus for formulation, initial public or private offering, and secondary market trading of risk management contracts
First Claim
1. A method of conducting business comprising the steps of:
- establishing a computer-network based coupons trading system electronically accessible by traders;
selling, over said trading system, coupons, each coupon for a prespecified item of value;
accepting for reselling, over said trading system, at least one of said coupons;
settling the at least one of said coupons; and
assessing, a transaction fee for at least one of said steps of selling, accepting for reselling, or settling of said coupons.
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Accused Products
Abstract
Key features of these methods, apparatus, and designs include (but are not limited to) innovations and implementations of futures securities; the notion of Type I, Type II, and Type III futures contracts custom tailored to specific clienteles; the notion of tickets and coupons as tradable futures contracts; the notion of bifurcation; the notion of redeemable bundles; and notion of realization of the futures market on the Internet; the apparatus of an Internet-based trading interface and engine; the notion of cookie-cutter futures electronic Internet-based futures markets for each security; the feature of maximal reliance on the Internet; and the business concept of “profitability without the need for high trading volume.”
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Citations
37 Claims
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1. A method of conducting business comprising the steps of:
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establishing a computer-network based coupons trading system electronically accessible by traders;
selling, over said trading system, coupons, each coupon for a prespecified item of value;
accepting for reselling, over said trading system, at least one of said coupons;
settling the at least one of said coupons; and
assessing, a transaction fee for at least one of said steps of selling, accepting for reselling, or settling of said coupons. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 30, 31, 35, 36, 37)
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25. A computer-network based coupons trading system, comprising:
computer means;
means for selling, over said trading system, coupons, each coupon for a prespecified item of value;
means for reselling, over said trading system, at least one of said coupons;
means for settling the at least one of said coupons; and
means for assessing a transaction fee, for said selling by said means for selling, said reselling by said means for reselling, or said settling by said means for settling, for any of said coupons. - View Dependent Claims (26, 27, 28, 29)
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32. A computer-based coupons trading system for the formation, sale, resale and settlement, of coupons, the system comprising:
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a communications interface for communicating data;
a processor system for executing processing modules;
a first processing module for receiving data to define at least one coupon desired for a prespecified item of value;
a second processing module, responsive to said first processing module, for defining said at least one coupon based on said received data;
a third processing module for selling said at least one coupon to a trader;
a fourth processing module for reselling said at least one coupon;
a fifth processing module for settling said at least one coupon; and
a sixth processing module for assessing a transaction fee, for said selling by said third processing module, for said reselling by said fourth processing module, or said settling by said fifth processing module. - View Dependent Claims (33, 34)
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Specification