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Method for pricing a trade

  • US 7,970,688 B2
  • Filed: 01/15/2004
  • Issued: 06/28/2011
  • Est. Priority Date: 07/29/2003
  • Status: Active Grant
First Claim
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1. A computer implemented method for pricing a foreign trade comprising:

  • receiving foreign trade data entered into a programmable computer by a user;

    transmitting said foreign trade data to a pricing system via email or an email attachment;

    storing said foreign trade data in a database of said pricing system and comparing said foreign trade data against said database to prevent duplicate entries;

    receiving pricing data corresponding to said foreign trade data, wherein pricing data is manually entered by the user via the programmable computer or transmitted from said pricing system;

    calculating a price for the foreign trade using the foreign trade data, pricing data, and currency information obtained from a currency database comprising a list of currencies, currency rank, currency rate, points-to-move, currency precision and date of said currency database'"'"'s last update; and

    displaying the calculated price of said foreign trade on a computer screen.

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