Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions
First Claim
1. A computer implemented method for market participants for automatically identifying and matching offer data with solicitation data, said solicitation data stored in a solicitations data base, said method comprising the steps of:
- receiving offer data consisting of numerical linear ranges defining a lower point, an upper point, and a preferred point for each dimension of said offer data;
storing the received offer data in a database;
comparing points for each dimension of the stored offer data to corresponding dimensions of said solicitation data, said solicitation data consisting of numerical linear ranges defining a lower point, an upper point, and a preferred point for each dimension of said solicitation data, to;
identify solicitations with matching preferred points,identify solicitations with preferred points having a near match with said offer data when said upper point and said preferred point of said offer data are between said upper point and said preferred point of said solicitation data, andidentify solicitations with preferred points within corresponding ranges to said offer data when at least one of said lower point, said upper point, and said preferred point of said offer data is between said lower point and said upper point of said solicitation data;
transmitting the identified solicitations with matching preferred points, near matching preferred points, and preferred points within corresponding ranges to an originator of said offer data.
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Abstract
A computer implemented method for market participants for automatically identifying and matching offer data with solicitation data, the solicitation data stored in a solicitations data base, the method comprising the steps of: receiving offer data consisting of numerical linear ranges defining a lower point, an upper point, and a preferred point for each dimension of the offer data storing the received offer data in a database; comparing points for each dimension of the stored offer data to corresponding dimensions of the solicitation data to: identify solicitations with matching preferred points, identify solicitations with preferred points having a near match with the offer data when the upper point and the preferred point of the offer data are between the upper point and the preferred point of the solicitation data, and identify solicitations with preferred points within corresponding ranges to the offer data when at least one of the lower point, the upper point, and the preferred point of the offer data is between the lower point and the upper point of the solicitation data; transmitting the identified solicitations with matching preferred points, near matching preferred points, and preferred points within corresponding ranges to originator of the offer data.
1043 Citations
19 Claims
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1. A computer implemented method for market participants for automatically identifying and matching offer data with solicitation data, said solicitation data stored in a solicitations data base, said method comprising the steps of:
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receiving offer data consisting of numerical linear ranges defining a lower point, an upper point, and a preferred point for each dimension of said offer data; storing the received offer data in a database; comparing points for each dimension of the stored offer data to corresponding dimensions of said solicitation data, said solicitation data consisting of numerical linear ranges defining a lower point, an upper point, and a preferred point for each dimension of said solicitation data, to; identify solicitations with matching preferred points, identify solicitations with preferred points having a near match with said offer data when said upper point and said preferred point of said offer data are between said upper point and said preferred point of said solicitation data, and identify solicitations with preferred points within corresponding ranges to said offer data when at least one of said lower point, said upper point, and said preferred point of said offer data is between said lower point and said upper point of said solicitation data; transmitting the identified solicitations with matching preferred points, near matching preferred points, and preferred points within corresponding ranges to an originator of said offer data. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer implemented system for identifying and matching buyers and sellers in electronic market transactions, the system comprising:
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a solicitation database containing solicitation data comprising;
a party component, a product component, a logistics component, and a finance component, each component having multiple dimensions and each of said multiple dimensions expressed in a linear numeric scale;a participant interface enabling buyers and sellers to enter data into said solicitation database; an account registry linked to said solicitation database containing account information of said buyers and sellers, said account information comprising;
account holder identification, bank information, and authorization agents;an archive database linked to said solicitation database and linked to said account registry for storing transaction contracts resulting from matching buyers and sellers and related contract logistics information derived from solicitation data and account information for said matching buyers and sellers; a computer means automatically matching buyers and sellers according to congruence of preferred points plotted along dimensions of components of said solicitation data; and a system gateway routing contract logistic information to buyers, sellers, and third parties. - View Dependent Claims (11, 12, 13)
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14. A system for facilitating transactions between participants comprising:
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a gateway computer; an interface connected to said gateway computer for receiving multidimensional offer data and multidimensional solicitation data from and sending said solicitation data and transaction data to said participants, at least one dimension of each of said offer data and said solicitation data having an upper point, a lower point and a preferred point; an account registry database connected to said gateway computer for storing account information for each of said participants; a solicitation database connected to said gateway computer for storing said solicitation data received from said participants; and computing means connected to said gateway computer, said account registry database and said solicitation database for matching said offer data with said solicitation data from said participants by comparing said dimensions. - View Dependent Claims (15, 16, 17, 18, 19)
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Specification