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Facilitator for aggregating buyer power in an on-line market system

  • US 6,584,451 B1
  • Filed: 06/08/1999
  • Issued: 06/24/2003
  • Est. Priority Date: 01/12/1999
  • Status: Expired due to Term
First Claim
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1. An on-line trading market system comprising:

  • a seller interface to receive a dynamic pricing schedule from one or more sellers via a network;

    a buyer interface to receive a set of optional purchase terms from a plurality of buyers via the network; and

    a facilitator coupled with said seller interface and said buyer interface and configured to aggregate the set of optional purchase terms from said plurality of buyers to form an aggregated buyer purchase specification and to determine a best fit transaction based on the dynamic pricing schedule and the aggregated buyer purchase specification, at least one of the sellers to change the dynamic pricing schedule after the aggregated buyer purchase specification is formed, the changed pricing schedule to apply to the set of purchase terms retroactively.

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