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Electronic bartering system

  • US 6,993,511 B2
  • Filed: 08/03/2001
  • Issued: 01/31/2006
  • Est. Priority Date: 08/05/1999
  • Status: Expired due to Term
First Claim
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1. A system for implementing transactions between a plurality of parties each having securities available for barter, comprising:

  • means for creating a new barter order including;

    means for designating a selected quantity of a first security to be sold; and

    means for designating a selected quantity of a second security to be purchased in a transaction including the sale of the first security, the second security different than the first security;

    means for posting the new barter order via a network to a barter database;

    means for receiving a barter order from a direct barterer into the barter database;

    means for receiving a barter order from an intermediary into the barter database;

    means for displaying via the network at least one barter order from the barter database matching the new barter order;

    means for designating a financial value associated with the transaction;

    means for displaying with the at least one matching barter order a value ratio determined by a combination of the ratios x/y and a/b where;

    a=a sale value of the first security to be sold, b=a market price of the first security to be sold, x=the purchase value of the second security to be acquired and y=a market price of the second security to be acquired; and

    means for selecting a matching barter order to effectuate the transaction.

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