METHODS, APPARATUSES AND ARTICLE OF MANUFACTURES FOR INCENTIVIZING PARTICIPANTS TO TRADE ON A MARKETPLACE

• US 20100198672A1
• Filed: 04/15/2010
• Published: 08/05/2010
• Est. Priority Date: 02/14/2007
• Status: Abandoned Application

• Current Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Original Assignee: BGC Partners Incorporated (BGC Group, Inc.)
• Inventors: Uman, Jonathan, Varacchi, Frederick, Uman, Julie, Varacchi, Eileen, LUTNICK, Howard W., Noviello, Joseph
• Application Number:
  US12/760,763
• Publication Number:
  US 20100198672A1
• Time in Patent Office: Days
• US Class Current: 705/14.18
• CPC Class Codes: G06Q 30/0216 Investment accounts
• 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 40/06 Asset management; Financial planning or analysis

Abstract

A method, apparatus, and article of manufacture for incentivizing a plurality of participants to exchange goods or services on a marketplace. In one embodiment, at least one warrant is issued a participant who trades on the marketplace. The warrant is issued in accordance to an agreement among the plurality of participants. The warrant provides the participant with a right for converting the warrant into at least one ownership share of the marketplace. The right is conditioned on the participant'"'"'s performance on the marketplace. The participant'"'"'s performance on the marketplace is determined by the system, and is used to determine a quantity of warrants that may be converted into the at least one ownership share of the marketplace. The quantity of warrants that may be converted is outputted and communicated to the participant.

Claims

1. An apparatus for incentivizing a plurality of participants to exchange goods or services on a marketplace, comprising:

a processor; and

a memory, in which the memory stores instructions which, when executed by the processor, direct the processor to perform the acts of;

issuing, in accordance to an agreement among the plurality of participants, at least one warrant to a participant who trades on the marketplace, in which the warrant provides a right to the participant for converting the warrant into at least one ownership share of the marketplace, and in which the right is conditioned on the participant'"'"'s performance on the marketplace;

determining the participant'"'"'s performance on the marketplace;

determining based on the participant'"'"'s performance, a quantity of warrants that may be converted into the at least one ownership share of the marketplace; and

outputting the quantity of warrants that may be converted into the at least one ownership share of the marketplace, in which the quantity of warrants that may be converted is communicated to the participant.

2. The apparatus of claim 1, in which the agreement comprises agreeing to exchange goods or services of a vertical market.

3. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the acts of:

determining the participant'"'"'s performance by determining a revenue generated by the participant'"'"'s trading activity on the marketplace over a period of time, and

determining that the revenue generated by the participant during the period of time meets a threshold for converting the warrant to the at least one ownership share.

4. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the acts of:

determining the participant'"'"'s performance by determining a revenue generated by the participant'"'"'s trading activity on the marketplace over a period of time;

determining that the revenue generated by the participant during the period of time exceeds a threshold for converting the warrant to the at least one ownership share.

5. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

determining the participant'"'"'s performance by determining a growth rate of the marketplace, in which the growth rate is attributed to the participant'"'"'s trading activity over a period of time.

6. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

determining that the participant'"'"'s performance comprises a trading activity that is accomplished via a plurality of services, in which at least one of the plurality of services is provided by the participant.

7. The apparatus of claim 6, in which the memory stores instructions which, when executed by the processor, further directed the processor to perform the steps of:

determining the participant'"'"'s performance by determining a level of service provided by the participant over a period of time.

8. The apparatus of claim 7, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

determining the participant'"'"'s performance by determining fees derived from the level of service provided by the participant over the period of time.

9. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

determining the quantity of warrants that may be converted by determining a ratio of a first revenue to a second revenue, in which the first revenue is generated by the participant during a first period of time and the second revenue is a pre-determined revenue that the participant is expected to generate over a second period of time.

10. The apparatus of claim 9, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

multiplying the ratio by an amount of warrants issued in accordance to the agreement.

11. The apparatus of claim 9, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

determining a percentage of the goods or services that is owned by the participant.

12. The apparatus of claim 1, in which the memory stores instructions which, when executed by the processor, further direct the processor to perform the steps of:

receiving an indication to convert to the warrant into at least one ownership share or the marketplace.

13. A method for incentivizing a plurality of participants to exchange goods or services on a marketplace, comprising:

issuing via a processor, in accordance to an agreement among the plurality of participants, at least one warrant to a participant who trades on the marketplace, in which the warrant provides a right to the participant for converting the warrant into at least one ownership share of the marketplace, and in which the right is conditioned on the participant'"'"'s performance on the marketplace;

determining, via the processor, the participant'"'"'s performance on the marketplace;

determining via the processor, based on the participant'"'"'s performance, a quantity of warrants that may be converted into the at least one ownership share of the marketplace; and

outputting, via the processor, the quantity of warrants that may be converted into the at least one ownership share of the marketplace, in which the quantity of warrants that may be converted is communicated to the participant.

14. The method of claim 13, in which the agreement comprises agreeing to exchange goods or services of a vertical market.

15. The method of claim 13, in which the act of determining the participant'"'"'s performance further comprises:

determining a revenue generated by the participant'"'"'s trading activity on the marketplace over a period of time; and

in which the act of determining the quantity of warrants that may be converted further comprises;

determining that the revenue generated by the participant during the period of time meets a threshold for converting the warrant to the at least one ownership share.

16. The method of claim 13, in which the act of determining the participant'"'"'s performance further comprises:

determining a revenue generated by the participant'"'"'s trading activity on the marketplace over a period of time; and

in which the act of determining the quantity of warrants that may be converted further comprises;

determining that the revenue generated by the participant during the period of time exceeds the threshold, in which the warrants are converted at a full conversion rate.

17. The method of claim 13, in which the act of determining the participant'"'"'s performance further comprises:

determining a growth rate of the marketplace, in which the growth rate is attributed to the participant'"'"'s trading activity over a period of time.

18. The method of claim 13 further comprising:

determining that the participant'"'"'s performance comprises a trading activity that is accomplished via a plurality of services, in which at least one of the plurality of services is provided by the participant.

19. The method of claim 18, in which the act of determining the participant'"'"'s performance further comprises:

determining a level of service provided by the participant over a period of time.

20. The method of claim 19, in which the act of determining the participant'"'"'s performance further comprises:

determining fees derived from the level of service provided by the participant over the period of time.

21. The method of claim 13, in which the act of determining the quantity of warrants that may be converted further comprises:

determining a ratio of a first revenue to a second revenue, in which the first revenue is generated by the participant during a first period of time and the second revenue is a pre-determined revenue that the participant is expected to generate over a second period of time.

22. The method of claim 21 further comprising:

multiplying the ratio by an amount of warrants issued in accordance to the agreement.

23. The method of claim 21, in which the act of determining the quantity of warrants that may be converted is based on:

determining a percentage of the goods or services that is owned by the participant.

24. The method of claim 13 further comprising:

receiving an indication to convert the warrant into at least one ownership share of the marketplace.

25. An article of manufacture for incentivizing a plurality of participants to exchange goods or services on a marketplace, comprising:

a storage medium, in which the storage medium stores instructions which, when executed by a processor, direct the processor to perform the acts of;

issuing, in accordance to an agreement among the plurality of participants, at least one warrant to a participant who trades on the marketplace, in which the warrant provides a right to the participant for converting the warrant into at least one ownership share of the marketplace, and in which the right is conditioned on the participant'"'"'s performance on the marketplace;

determining the participant'"'"'s performance on the marketplace;

determining, based on the participant'"'"'s performance, a quantity of warrants that may be converted into the at least one ownership share of the marketplace; and

outputting the quantity of warrants that may be converted into the at least one ownership share of the marketplace, in which the quantity of warrants that may be converted is communicated to the participant.