ELECTRONIC BARTERING SYSTEM
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Accused Products
Abstract
A bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer'"'"'s order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer'"'"'s barter order with the selected posted order(s).
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Citations
54 Claims
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1-28. -28. (canceled)
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29. A method for facilitating buying and selling securities on a computerized system, comprising:
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identifying a plurality of traders including a first trader;
receiving a plurality of orders, each order identifying one of the plurality of traders, the plurality of orders including a first order, the first order identifying the first trader, a first security to trade and a condition for trading the first security;
receiving a barter order from one of the plurality of traders;
matching the first order with the plurality of orders and the barter order to determine whether the first order may be linked with at least one of the plurality of orders and the barter order to define a multi-order transaction; and
processing the multi-order transaction if the condition for each order is satisfied. - View Dependent Claims (30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41)
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42. A system for facilitating buying and selling securities on a computerized system, comprising:
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an interface for identifying a plurality of traders including a first trader;
an order system connected to the interface for receiving a plurality of orders, each order identifying one of the plurality of traders, the plurality of orders including a first order, the first order identifying the first trader, a first security to trade and a condition for trading the first security, the interface further for receiving a barter order from one of the plurality of traders;
a matching engine for matching the first order with the plurality of orders and the barter order to determine whether the first order may be linked with at least one of the plurality of orders and the barter order to define a multi-order transaction; and
a transaction processor for processing the multi-order transaction if the condition for each order is satisfied. - View Dependent Claims (43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54)
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Specification