Remote securities based data reception and order system

• US 6,462,671 B2
• Filed: 10/20/1998
• Issued: 10/08/2002
• Est. Priority Date: 10/20/1998
• Status: Expired due to Fees

• Current Assignee: Brendyl Trent Bushner, Fredrick William Ii Bushner
• Original Assignee: Brendyl Trent Bushner, Fredrick William Ii Bushner
• Inventors: Bushner, Brendyl Trent, Bushner, Fredrick William II
• Primary Examiner(s): Zimmerman, Brian
• Assistant Examiner(s): DaLencourt, Yves
• Application Number:
  US09/175,859
• Publication Number:
  US 20010040511A1
• Time in Patent Office: 1,449 Days
• Field of Search: 340/825.27, 340/825.44, 340/7.21, 370/310, 370/394, 370/400, 370/313
• US Class Current: 340/4.51
• CPC Class Codes: H04B 7/18567 Arrangements for providing additional services to the basic mobile satellite telephony service

Abstract

An interlink system for conveying security quotations and other related data to remote locations by means of satellite down link and preferably providing a satellite up link for remote users to place authenticated orders for securities. The satellite uplink/downlink is preferably by synchronous satellite. The hand held portable receiver/transmitter for receiving a plurality of said quotations and broadcasting data representing each of said orders with appropriate encrypting has storage capacity individually storing the received data representing each of said quotations. A display on the handheld unit coupled to the storage allows the user to display individually selecting data representing any one of the received quotations. The device can also store and transmit an encrypted, authenticated order to transact securities by means of the handheld unit.

Claims

1. A remote securities based data system comprising:

(a) a transmitter means for broadcasting continuous security related information directly to a satellite system;

(b) a satellite system for receiving and broadcasting said information;

(c) a portable receiver for directly receiving said information from said satellite system; and

(d) storage means in said portable receiver for automatically and continuously storing said information as it is received, said storage means storing said information in a passive mode so that said information can be retrieved following receipt of subsequent information.

2. The remote securities based data system of claim 1, wherein said satellite system for receiving and broadcasting said information is Geosynchronous.

3. The remote securities based data system of claim 2, wherein said satellite system for receiving and broadcasting said information is a GPS system.

4. The remote securities based data system of claim 1, wherein said portable receiver is a transceiver for transmitting encrypted security buy and sell orders.

5. The remote securities based data system of claim 1, wherein said portable receiver is vehicle mounted.

6. The remote securities based data system of claim 1, wherein said portable receiver is hand held.

7. The remote securities based data system of claim 1, wherein said portable receiver contains coded alarm means which can be set for triggering upon the happening of coded received events.

8. The remote securities based data system of claim 1, wherein said security related information is commodity information.

9. The remote securities based data system of claim 1, wherein said receiver contains function keys which can be programed to perform specified functions.

10. A remote securities based data system comprising:

(a) a base transceiver means for broadcasting and receiving continuous security related information to a satellite system;

(b) a portable transceiver means, capable of receiving securities information and transmitting buy and sell requests, wherein said portable transceiver means contains a storage means for automatically and continually storing said transmitted information as it is received, said storage means storing said information in a passive mode so that said information can be retrieved following receipt of subsequent information;

(c) an interactive satellite communications system which continuously links the portable transceiver means to said base transceiver means for transferring securities information and encrypted buy and sell requests between said portable transceiver means and base transceiver means.

11. The remote securities based data system of claim 10, wherein said satellite system for receiving and broadcasting said information is Geosynchronous.

12. The remote securities based data system of claim 11, wherein said satellite system for receiving and broadcasting said information is a GPS system.

13. The remote securities based data system of claim 10, wherein said portable transceiver is vehicle mounted.

14. The remote securities based data system of claim 10, wherein said portable transceiver is hand held.

15. The remote securities based data system of claim 10, wherein said portable transceiver contains coded alarm means which can bet for triggering upon the happening of coded received events.

16. The remote securities based data system of claim 10, wherein said security related information is commodity information.

17. The remote securities based data system of claim 10, wherein said transceiver contains function keys which can be programed to perform specified function.