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Method for directing and executing certified trading interests

  • US 7,814,000 B2
  • Filed: 07/17/2008
  • Issued: 10/12/2010
  • Est. Priority Date: 06/01/2000
  • Status: Expired due to Fees
First Claim
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1. A method of effecting a targeted auction on a computing system, comprising the steps of:

  • (a) electronically receiving, into said computing system, data including confidential information regarding market participants;

    (b) electronically storing, in said computing system, said received data regarding market participants;

    (c) electronically receiving, into said computing system, information including a first order from a first market participant computer;

    (d) electronically storing, in said computing system. said information received from said first market participant computer;

    (e) producing, in said computing system, a targeted dissemination list of market participants comprising a second market participant and a third market participant, based on said stored data regarding market participants and said information received from said first market participant computer;

    (f) electronically transmitting, from said computing system to the market participants on said targeted dissemination list, data based on said information received from said first market participant computer;

    (g) electronically receiving, into said computing system, an order from said second market participant;

    (h) checking, in said computing system, order parameters for possible matching and execution of said second market participant'"'"'s order against said first order;

    (i) electronically receiving, into said computing system, an order from a third market participant in response to said transmitted data;

    (j) checking, in said computing system, order parameters for possible matching and execution of said third market participant'"'"'s order against said first order;

    (k) conducting, in said computing system, an electronic auction among orders including said orders received in response to said transmitted data; and

    (l) electronically transmitting the status of orders from said computing system to the respective market participants who initiated them.

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