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Electronic bartering system

  • US 7,587,370 B2
  • Filed: 04/18/2006
  • Issued: 09/08/2009
  • Est. Priority Date: 08/05/1999
  • Status: Expired due to Fees
First Claim
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1. A method for facilitating the bartering of publicly traded securities on a computerized system, comprising:

  • receiving on the computerized system a first barter order from a user comprising;

    a first security comprising a quantity thereof to be sold in said first barter order,a second security different from the first security to be purchased in said first barter order concurrent with the sale of the first security, anda condition relating to the value of said first barter order under which condition said first barter order is available to be executed;

    comparing on the computerized system said first barter order to a list comprising multiple barter orders, each of said multiple barter orders comprising;

    a first security comprising a quantity thereof to be sold in a barter,a second security different from the first security to be purchased in said barter concurrent with the sale of the first security, anda condition relating to the value of said barter under which condition said barter is available to be executed;

    determining, on the computerized system, from said list a plurality of selected barter orders which, if executed, will consummate said first barter order and one or more of said plurality of selected barter orders;

    transmitting from the computerized system to said user, based on said determining, an indication that said first barter order is available to be executed; and

    receiving by the from said user a request to execute said first barter order.

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