METHOD FOR COMPUTERIZED WAGERING

• US 20120022992A1
• Filed: 01/14/2011
• Published: 01/26/2012
• Est. Priority Date: 07/11/1997
• Status: Abandoned Application

• Current Assignee: Hanger Solutions, LLC (IP Investments Group LLC)
• Original Assignee: Asoid NetWork Facility LLC (Intellectual Ventures LLC)
• Inventors: ODOM, JAMES MICHAEL, YELICH, SCOTT D.
• Application Number:
  US13/007,475
• Publication Number:
  US 20120022992A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions
• 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

Abstract

A system and method for networked exchange are disclosed. A system for networked exchange comprises an internal proxy (140); an exchange processor (120) in communication with the internal proxy (140); a database (130) in communication with the internal proxy (140) ; an external proxy (150) in communication with the internal proxy (140); and, a communications network (110) connected to the external proxy.

A method for networked exchange comprises 8 steps. Those steps are (1) specifying a mode of operations for an exchange; (2) identifying a commodity for the exchange; (3) listing information about the commodity; (4) accessing of the listing by a potential purchaser; (5) accessing the network-based exchange by the potential purchaser, (6) processing information generated by the potential purchaser, the information comprising a negotiation; (7) concluding the negotiation; and, (8) clearing the concluded negotiation.

Claims

1. A method for operating a networked exchange in which a commodity is traded from a seller to a purchaser by an exchange processor, the method comprising:

enabling the seller to identify the commodity for trading within the networked exchange;

enabling the seller to specify at least one mode of operation for trading the commodity within the networked exchange;

enabling the purchaser to access the networked exchange;

processing information representing a negotiation regarding the commodity between the seller and the purchaser that is facilitated by the networked exchange; and

determining whether said negotiation between the seller and the purchaser is concluded.

2. The method of claim 1, further comprising clearing the negotiation in response to determining that the negotiation is concluded.

3. The method of claim 1, wherein enabling the seller to specify at least one mode of operation includes enabling the seller to specify at least one of:

a start time for trading the commodity; and

an end time for trading the commodity.

4. The method of claim 1, wherein enabling the seller to identify the commodity includes enabling the seller to:

classify said commodity; and

enter a price for said commodity.

5. The method of claim 1, further comprising:

listing information about the commodity as offered for trade on the networked exchange; and

enabling the purchaser to access the listing.

6. The method of claim 5, wherein listing the information includes listing a description of the commodity, and listing a bid start price for the commodity.

7. The method of claim 5, wherein listing the information includes listing the information on a web page.

8. The method of claim 5, wherein listing the information includes sending the information at least to the purchaser.

9. The method of claim 5, wherein listing the information includes emailing the information at least to the purchaser.

10. The method of claim 1, wherein enabling the purchaser to access the networked exchange includes enabling the purchaser to search for listings pertaining to the commodity.

11. The method of claim 1, wherein enabling the purchaser to access the networked exchange includes enabling the purchaser to perform at least one of:

access with the networked exchange using a graphical interface;

chat about the commodity;

or

bid on the commodity.

12. The method of claim 1, further comprising providing a graphical interface that includes a scroller.

13. The method of claim 1, further comprising providing a graphical interface that includes a dual scroller.

14. The method of claim 1, further comprising providing a graphical interface that includes a three-dimensional scroller.

15. The method of claim 1, further comprising enabling chat communications between the purchaser and the seller.

16. The method of claim 1, further comprising enabling chat communications between the purchaser and at least one other purchaser.

17. The method of claim 1, further comprising:

filtering the information generated by the purchaser; and

routing the information generated by the purchaser.