METHOD AND SYSTEM FOR OPTIMAL PRICING AND ALLOCATION FOR A SET OF CONTRACTUAL RIGHTS TO BE OFFERED WITH CANCELING/MODIFYING OF INDICATIONS OF INTEREST
First Claim
1. Method for offering a plurality of units intended to be sold at about the same time, comprising the acts of:
- accepting a plurality of indications-of-interest to buy the units, each indication including a request for a quantity of the units at a particular price level;
providing to a plurality of prospective buyers a display of the accepted indications;
accepting additional indications after providing the display; and
at a predetermined time, stopping the accepting of additional indications and treating the indications as an order book.
5 Assignments
0 Petitions
Accused Products
Abstract
A method and system for the determination of optimal pricing and allocation of securities in an open, competitive environment. The method and system may also be used in developing pre-markets of other items that are difficult to price and allocate in a competitive manner, such as the underwriting/securitization of contracts for property; future revenue/earning streams from an asset and/or group of assets; underwritten insurance portfolios, intellectual property and other goods and services. The system of price optimization and allocation is accomplished by interactive feedback of information using a display and including competitive participation of individual members of the public (and/or their agents) or institutional buyers over a data network e.g., the Internet, uncovering the nature and identification of demand in a self-organizing fashion. Demand emerges through participants'"'"' interaction with the system and with each other, via a graphically-supported, interactive reservation process.
-
Citations
62 Claims
-
1. Method for offering a plurality of units intended to be sold at about the same time, comprising the acts of:
-
accepting a plurality of indications-of-interest to buy the units, each indication including a request for a quantity of the units at a particular price level; providing to a plurality of prospective buyers a display of the accepted indications; accepting additional indications after providing the display; and at a predetermined time, stopping the accepting of additional indications and treating the indications as an order book. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60)
-
-
61. Method for an indication-of-interest to buy at least one of plurality of units intended to be sold at about the same time, comprising the acts of:
-
viewing a display of indications-of-interest to buy including a price and a quantity of units to be sold of the units; submitting an indication-of-interest to buy the units, the indication including a price level and a quantity of the units to be purchased; having the opportunity to submit an additional indication or change the indication; and at a predetermined time, the opportunity to submit an additional indication or change the indication being stopped and the indication being accepted.
-
-
62. A computer enabled system for offering a plurality of units, comprising:
-
a database for holding a plurality of indications-of-interest to buy the units, each indication including a request for a quantity of units at a particular pure level; and a participant module operatively coupled to the database for accepting the indications from prospective buyers; wherein the database provides to a plurality of the prospective buyers a display of the accepted indications.
-
Specification