METHODS AND SYSTEMS FOR RETRIEVING DATA STORED IN A DATABASE

• US 20080071669A1
• Filed: 11/28/2007
• Published: 03/20/2008
• Est. Priority Date: 11/21/1994
• Status: Active Grant

• Current Assignee: BGC Partners LP (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: LAWRENCE, David
• Granted Patent: US 8,566,215 B2
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation
• CPC Class Codes: H04L 67/04 specially adapted for terminals or networks with limited capabilities; specially adapted for terminal portability
• CPC Class Codes: H04W 4/02 Services making use of location information
• CPC Class Codes: Y10S 707/99934 Query formulation, input preparation, or translation
• CPC Class Codes: Y10S 707/99952 Coherency, e.g. same view to multiple users

Abstract

A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers'"'"' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers.

Claims

1. A method comprising:

receiving a bid wanted from first user, the bid wanted comprising information for soliciting bids to sell at least one item and a deadline for receiving bids;

transmitting the bid-wanted to a plurality of other users;

receiving a bid from at least one of the plurality of other users responding to the bid wanted; and

transmitting at least one message to the at least one of the plurality of other users to alert the at least one other user of the deadline.

2. The method of claim 1, wherein the at least one message is transmitted to the at least one of the plurality of other users a period of time prior to an expiration of the deadline, the at least one message comprising a warning of the approaching deadline.

3. The method of claim 1, comprising transmitting at least one interim advisory message to the at least one of the plurality of other users.

4. The method of claim 1, wherein the at least one message comprises an option that when selected causes the bid wanted to be displayed.

5. The method of claim 1, wherein the at least one message comprises at least an abbreviated description of the item.

6. The method of claim 1, wherein the deadline for the bid wanted is specified by the first user.

7. The method of claim 1, comprising transmitting a message to the first user indicating whether a bid has been received for the bid wanted.

8. The method of claim 1, wherein the at least one message is communicated to the at least one other user based on a filter that allows the at least one other user to choose which alerts should be communicated to the at least one other user.

9. The method of claim 1, wherein the bid wanted is set up by the first user prior to communicating the bid wanted to the at least one other user.

10. The method of claim 1, comprising receiving an indication from the first user to place the bid wanted on hold and indication from the first user to activate the bid wanted.

11. The method of claim 10, wherein bid wanted is put on hold and activated before the bid wanted is transmitted to the plurality of other users.

12. The method of claim 1, comprising marking a record of the bid wanted indicating therewith that at least one bid has been received.

13. The method of claim 1, wherein receiving the bid wanted comprises receiving a marked up version of a previous bid wanted.

14. The method of claim 1, wherein the bid wanted is a reoffering or a duplicate of a previous bid wanted.

15. A system comprising at least one computer connected over a computer network to at least one selling user computer and a plurality of bidding user computers, the at least one computer configured perform a process comprising:

receiving a bid wanted from first user, the bid wanted comprising information for soliciting bids to sell at least one item and a deadline for receiving bids;

transmitting the bid-wanted to a plurality of other users;

receiving a bid from at least one of the plurality of other users responding to the bid wanted; and

transmitting at least one message to the at least one of the plurality of other users to alert the at least one other user of the deadline.

16. The system of claim 15, wherein the at least one message is transmitted to the at least one of the plurality of other users a period of time prior to an expiration of the deadline, the at least one message comprising a warning of the approaching deadline.

17. The system of claim 15, the method comprising transmitting at least one interim advisory message to the at least one of the plurality of other users.

18. The system of claim 15, wherein the at least one message comprises an option that when selected causes the bid wanted to be displayed.

19. The system of claim 15, wherein the at least one message comprises at least an abbreviated description of the item.

20. The system of claim 15, wherein the deadline for the bid wanted is specified by the first user.

21. The system of claim 15, the method comprising transmitting a message to the first user indicating whether a bid has been received for the bid wanted.

22. The system of claim 15, wherein the at least one message is communicated to the at least one other user based on a filter that allows the at least one other user to choose which alerts should be communicated to the at least one other user.

23. The system of claim 15, wherein the bid wanted is set up by the first user prior to communicating the bid wanted to the at least one other user.

24. The system of claim 15, the method comprising receiving an indication from the first user to place the bid wanted on hold and indication from the first user to activate the bid wanted.

25. The system of claim 24, wherein bid wanted is put on hold and activated before the bid wanted is transmitted to the plurality of other users.

26. The system of claim 15, the method comprising marking a record of the bid wanted indicating therewith that at least one bid has been received.

27. The system of claim 15, wherein receiving the bid wanted comprises receiving a marked up version of a previous bid wanted.

28. The system of claim 15, wherein the bid wanted is a reoffering or a duplicate of a previous bid wanted.