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Universal on-line trading market design and deployment system

  • US 6,285,989 B1
  • Filed: 08/07/1998
  • Issued: 09/04/2001
  • Est. Priority Date: 08/07/1998
  • Status: Expired due to Term
First Claim
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1. A universal auction specification system comprising:

  • a market-specification console configured to receive at least one market protocol, the market-specification console submits a market defined by the at least one market protocol to a programmable auction server;

    the programmable auction server executes at least one built-in trading primitive and at least one network augmented nonstandard trading primitive; and

    a script generator for combining the set of trading primitives into a temporal protocol script representing a particular auction specification.

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