Method and Apparatus for Network Marketing of Financial Securities

• US 20090292636A1
• Filed: 07/30/2009
• Published: 11/26/2009
• Est. Priority Date: 11/10/1999
• Status: Abandoned Application

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Fujisaki, Tetsunosuke
• Application Number:
  US12/512,546
• Publication Number:
  US 20090292636A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/188 Electronic negotiation

Abstract

A centralized financial market management system and method are disclosed that permit individual investors to trade over a network. The disclosed centralized financial market management system automatically identifies bids that are in proximity to one another and permits participants to negotiate directly in order to consummate a transaction. The disclosed centralized financial market management system permits each participant in the financial security trading market to have a unique definition of its market structure. A participant can establish various market segments, each corresponding to a group of other market participants, within the push market where bids are posted. Thus, the submitter of a bid (buy or sell) can narrowly focus the bid on select market participants. A large transaction (buy or sell) can be divided by the bid submitter into smaller units and divided over a number of market segments.

Claims

1. A method for submitting a bid for a financial security in a network environment having a plurality of market segments, each of said market segments having at least one market participant, wherein a bid posted to one or more authorized market segments posts said bid only to market participants in said one or more authorized market segments, said method comprising the steps of:

specifying one or more parameters of said bid, including a price;

specifying one or more authorized market segments for said bid; and

sending said bid to a centralized bid server for posting only to market participants in said one or more authorized market segments.

2. The method of claim 1, further comprising the step of receiving a communication channel with another entity associated with a bids that is in proximity to said submitted bid.

3. The method of claim 2, wherein two bids are in proximity if they have parameters that are within a given threshold of each other.

4. A system for submitting a bid for a financial security in a network environment having a plurality of market segments, each of said market segments having at least one market participant, wherein a bid posted to one or more authorized market segments posts said bid only to market participants in said one or more authorized market segments, said system comprising:

a memory that stores computer-readable code; and

a processor operatively coupled to said memory, said processor configured to implement said computer-readable code, said computer-readable code configured to;

specify one or more parameters of said bid, including a price;

specify one or more authorized market segments for said bid; and

send said bid to a centralized bid server for posting only to market participants in said one or more authorized market segments.

5. The system of claim 4, wherein said processor is further configured to receive a communication channel with another entity associated with a bids that is in proximity to said submitted bid.

6. The system of claim 25, wherein two bids are in proximity if they have parameters that are within a given threshold of each other.

7. An article of manufacture for submitting a bid for a financial security in a network environment having a plurality of market segments, each of said market segments having at least one market participant, wherein a bid posted to one or more authorized market segments posts said bid only to market participants in said one or more authorized market segments, comprising:

a computer readable medium having computer readable code means embodied thereon, said computer readable program code means comprising;

a step to specify one or more parameters of said bid, including a price;

a step to specify one or more authorized market segments for said bid; and

a step to send said bid to a centralized bid server for posting only to market participants in said one or more authorized market segments.