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Method and system for global telecommunications network management and display of market-price information

  • US 6,144,727 A
  • Filed: 12/17/1998
  • Issued: 11/07/2000
  • Est. Priority Date: 08/29/1997
  • Status: Expired due to Term
First Claim
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1. A system for trading telecommunication services, comprising:

  • a clearing node adapted to;

    receive service offers from sellers of telecommunication services, each service offer comprising an offer to sell a block of telecommunication service larger in size than a single telecommunication transaction, each offer comprising a plurality of parameters, the parameters comprising;

    a price;

    an origination location; and

    a destination location;

    derive from the service offers a rate table having a plurality of entries that store price information for a plurality of routes, wherein each route is defined by a plurality of parameters comprising;

    an origination location; and

    a destination location;

    receive purchase requests from purchasers of telecommunication services, each purchase request requesting purchase of a block of telecommunication service larger in size than a single telecommunication transaction, each request comprising a plurality of parameters, the parameters comprising;

    a price;

    an origination location; and

    a destination location;

    maintain an account for each seller and purchaser of telecommunication services, each account having a balance;

    broker sales of telecommunications services between sellers and purchasers in accordance with a predefined protocol, the protocol comprising;

    comparing the parameters that define each purchase request to the parameters that define a plurality of the routes in the rate table;

    identifying a route in the rate table having a plurality of parameters that correspond to the parameters in at least one purchase request, wherein the corresponding parameters comprise the origination location and the destination location;

    identifying a rate table entry representative of available service for carrying communications via the identified route;

    choosing a purchase request from among one or more purchase requests requesting purchase of telecommunication service via the route;

    creating a sale record, the record comprising;

    the identity of the buyer that submitted the chosen request;

    the identity of a seller that submitted an offer used to fill the chosen request; and

    the sold telecommunication services;

    updating the account balance of each seller that submitted an offer used to derive the identified rate table entry and the buyer that submitted the chosen request.

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