Computer method and apparatus that facilitates the trading of complex financial instruments on the internet within the context of a portal as defined by the United States Securities and Exchange Commission

• US 20100082474A1
• Filed: 08/26/2009
• Published: 04/01/2010
• Est. Priority Date: 08/26/2008
• Status: Abandoned Application

• Current Assignee: Perry Harley Beaumont
• Original Assignee: Perry Harley Beaumont
• Inventors: Beaumont, Perry Harley
• Application Number:
  US12/583,777
• Publication Number:
  US 20100082474A1
• 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: H04L 12/1809 for auctioneering devices

Abstract

Computer method and apparatus that facilitates the trading of complex financial instruments on the internet within the context of a portal as defined by the United States Securities and Exchange Commission.

Claims

1. A computer method and apparatus that facilities the trading of non-listed and over-the-counter complex financial instruments on the interne within the context of a portal as defined by the United States Securities and Exchange Commission as at http:

//www.sec.gov/divisions/marketreg/portalsroundtable.htm.

2. The system according to claim 1 wherein a live auction is a mechanism whereby the complex financial instruments may be purchased and sold.

3. The system of claim 2 further comprising the step of the seller specifying the incremental bids that are to be applied for the bidding process of each listed security.

4. The system of claim 3 further comprising the step of the incremental bid being specified as a percentage of the seller'"'"'s reserve price for the security being listed.

5. The system according to claim 1 wherein a feature to make an immediate purchase of a complex financial product is another mechanism whereby the complex financial instruments may be purchased and sold.

6. The system according to claim 1 wherein auction participants are limited exclusively to qualified institutional investors as defined by defined by the United States Securities and Exchange Commission in Rule 144A under the Securities Act of 1933.

7. The system according to claim 1 wherein the ability exists to have anonymous communications via Email where messages are sent to and from a dedicated Email facility located at the interne site where the portal is located.

8. The system according to claim 1 wherein the ability exists to have anonymous communications via Instant Messaging capabilities available from a dedicated Instant Messaging facility located at the interne site where the portal is located.

9. The system according to claim 1 wherein the ability exists to have anonymous communications by teleconference where calls by two or more parties are placed to a telephone number provided at the portal and where once connected parties can exchange information without having to state who they are or where they are calling from.

10. The system of claim 9 further comprising the step of having anonymous communications by teleconference and effectuated via a third-party voice over interne protocol or VOIP directly from the portal and such that any parties calling into the telephone number provided at the portal may do so from their own laptop computer, desktop computer, or any other device that permits accessing the internet.

11. The system according to claim 1 wherein a confirmation of an agreed transaction between buyer and seller is automatically generated and sent via Email to the buyer and seller and any other party designated by the buyer or seller.

12. The system of claim 11 further comprising the step of having all documents accompany an agreed transaction inclusive of documents prepared by word processing software or spreadsheet software or documents with extensions of .doc, .csv, .txt, .pdf, .tif, .peg, or any other related contexts.

13. The system of claim 11 further comprising the step of having the Email sent via the Electronic Postmark process of the United States Postal Service and in conjunction with the Electronic Postmark process of a third-party service provider such that the combination of these processes provides an Email with anti-tampering protections as well as a mechanism for establishing the basis for electronic signatures having been provided.

14. The system according to claim 1 wherein an electronic facsimile of the confirmation of an agreed transaction between buyer and seller is automatically generated directly from the portal to the buyer and seller and any other party designated by the buyer or seller.

15. The system of claim 14 further comprising the step of having all documents accompanying a particular trade inclusive of documents prepared by word processing software or spreadsheet software or documents with extensions of .doc, .csv, .txt, .pdf, .tif, .peg, or any other related contexts.

16. The system according to claim 1, wherein specialized trading consortiums can be created for two or more parties interested in focusing on a particular class or subset of financial instruments.

17. The system according to claim 16, wherein the trading consortiums can be created where every participating member of the consortium can perform trades among one another anonymously.

18. The system according to claim 1, wherein the portal may also be used as a venue for bringing new issues to the marketplace.