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Mechanism and business method for implementing a service contract futures exchange

  • US 7,373,320 B1
  • Filed: 03/30/2000
  • Issued: 05/13/2008
  • Est. Priority Date: 03/30/2000
  • Status: Expired due to Fees
First Claim
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1. A data processing system implemented method for implementing a service contract futures exchange, comprising:

  • receiving a bid order for a service futures contract, wherein the bid order originates from a bidder;

    matching the bid order for a service futures contract with an ask order for a corresponding service futures contract in the data processing system, wherein an asker owns the corresponding service futures contract and the ask order originates from the asker; and

    transferring ownership of the corresponding service futures contract to the bidder.

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