Client-oriented, on-demand trading system

• US 8,396,782 B2
• Filed: 07/30/2004
• Issued: 03/12/2013
• Est. Priority Date: 07/30/2004
• Status: Expired due to Fees

• Current Assignee: International Business Machines Corporation
• Original Assignee: International Business Machines Corporation
• Inventors: Lin, Cheng-Yee
• Primary Examiner(s): Dixon, Thomas
• Assistant Examiner(s): VIZVARY, GERALD C
• Application Number:
  US10/903,176
• Publication Number:
  US 20060026087A1
• Time in Patent Office: 3,147 Days
• Field of Search: 705/37, 705/39
• US Class Current: 705/37
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A client-oriented, on-demand automated trading system that facilitates client-oriented automated trading with suppliers. A client transaction agent is adapted to provide trading requirements for notification to one or more supplier transaction agents, and to discover automated services provided by or on behalf of one or more suppliers that conform to the trading requirements. A broker is adapted to notify the one or more supplier transaction agents of trading requirements specified by the client transaction agent, and to advise the client transaction agent of automated services that conform to the trading requirements. The supplier transaction agents are adapted to process the trading requirements and register automated services that conform to the trading requirements with the broker.

Claims

1. An automated trading support method, comprising, prior to the commencement of said automated trading:

notifying one or more machine-implemented supplier transaction agents of trading requirements specified by a machine-implemented client transaction agent, said notifying comprising communicating said trading requirements in computer-readable form to said one or more supplier transaction agents;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented by or on behalf of a client;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

advising said client transaction agent of automated services offered by or on behalf of one or more suppliers that conform to said trading requirements, said advising comprising communicating information about said automated services in computer-readable form to said client transaction agent; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

2. A method in accordance with claim 1 wherein said trading requirements comprise an automated service interface specification file and wherein said method further comprises receiving said automated service interface specification file in computer-readable form from said client transaction agent prior to notifying said one or more supplier transaction agents.

3. A method in accordance with claim 1 further including registering one or more automated service identifications that identify said automated services for advising said client transaction agent of said automated services, said registering comprising storing information about said one or more automated service identifications in computer-readable form on a computer-readable storage medium.

4. A method in accordance with claim 3 wherein said registering includes storing said one or more automated service identifications in a registration database.

5. A method in accordance with claim 4 wherein said advising includes providing said one or more automated service identifications from said registration database.

6. A method for brokering support for automated transactions among compatible trading partners, comprising, prior to the commencement of said automated trading:

establishing a broker registry comprising a computer-readable storage medium;

publishing trading requirements in said registry for consumption by one or more supplier transaction agents, said publishing comprising receiving said trading requirements in computer-readable form for storage in said registry;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented by or on behalf of a client;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

registering automated services that conform to said trading requirements in said registry, said registering comprising storing information about said automated services in computer-readable form in said registry; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

7. A client transaction support method for use in an automated trading system that facilitates client-oriented automated trading with suppliers, comprising, prior to the commencement of said automated trading:

publishing trading requirements for notification to one or more supplier transaction agents, said publishing comprising communicating or transferring or inputting said trading requirements in computer-readable form for storage on a computer-readable storage medium;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented by or on behalf of a client;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

collecting information about automated services provided by or on behalf of one or more suppliers that conform to said trading requirements, said collecting comprising receiving said information in computer-readable form; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

8. A supplier transaction support method for use in an automated trading system that facilitates client-oriented automated trading with suppliers, comprising, prior to the commencement of said automated trading:

receiving trading requirements in computer-readable form specified by a machine-implemented client transaction agent;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented by or behalf of a client;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

registering automated services that conform to said trading requirements with a broker, said registering comprising storing information about said automated services in computer-readable form on a computer-readable storage medium; and

whereby said automated trading application can subsequently invoke said automated services to perform said automated trading.

9. An automated trading support and implementation system, comprising:

a machine-implemented client transaction agent;

one or more machine-implemented supplier transaction agents;

a machine-implemented broker operative prior to the commencement of said automated trading to notify said one or more supplier transaction agents of trading requirements specified by said client transaction agent and to advise said client transaction agent of automated services offered by said one or more supplier transaction agents that conform to said trading requirements;

said notify operation comprising communicating said trading requirements in computer-readable form to said one or more supplier transaction agents;

said advise operation comprising communicating information about said automated services in computer-readable form to said client transaction agent;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition; and

whereby said client automated trading application can subsequently invoke said automated services to engage in said automated trading.

10. A system in accordance with claim 9 wherein said broker is either remote from said client transaction agent or incorporated therein.

11. A system in accordance with claim 9 wherein said client transaction agent is adapted to publish an automated service interface specification containing said trading requirements to said broker and to collect one or more automated service identifications identifying said automated services from said broker, said publish operation comprising communicating or transferring or inputting said trading requirements in computer-readable form for storage on a computer-readable storage medium, and said collect operation comprising communicating a request for said information in computer-readable form to initiate said advise operation.

12. A system in accordance with claim 9 wherein said one or more supplier transaction agents are operative to register automated service identifications identifying said automated services at said broker, said register operation comprising communicating information about said automated services in computer-readable form for storage on a computer-readable storage medium.

13. A system in accordance with claim 9 wherein said broker is operative to maintain a registry of automated service identifications provided by said one or more supplier transaction agents, said registry comprising a computer-readable storage medium.

14. A machine-implemented client transaction agent for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

a data processing system;

publication means implemented by said data processing system prior to the commencement of said automated trading for publishing trading requirements for notification to one or more machine-implemented supplier transaction agents, said publishing comprising a communication or transfer or input of said trading requirements in computer-readable form for storage on a computer-readable storage medium;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

collection means implemented by said data processing system prior to the commencement of said automated trading for collecting information about automated services provided by said one or more suppliers that conform to said trading requirements, said collecting comprising receiving said information about automated services in computer-readable form; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

15. A client transaction agent in accordance with claim 14 wherein said publication means comprises means for publishing an automated service interface specification containing said trading requirements to a remote machine-implemented broker that notifies said one or more supplier transaction agents thereof by communicating said automated service interface specification in computer-readable form, and wherein said collection means comprises means for collecting one or more automated service identifications that identify said automated services from said remote broker, said collecting comprising requesting and receiving said automated service identifications in computer-readable form.

16. A client transaction agent in accordance with claim 14 wherein said publication means comprises means for publishing an automated service interface specification containing said trading requirements to a machine-implemented broker module within said client transaction agent that notifies said one or more supplier transaction agents thereof by communicating said automated service interface specification in computer-readable form, and wherein said collection means comprises means for collecting one or more automated service identifications that identify said automated services from said broker module, said collecting comprising requesting and receiving said automated service identifications in computer-readable form.

17. A client transaction agent in accordance with claim 14 further including data accessing means implemented by said data processing system for accessing said automated services provided by said one or more suppliers to obtain information regarding a transaction subject of interest to said client, said accessing comprising communicating with said automated service interface associated with said one or more suppliers.

18. A client transaction agent in accordance with claim 17 further including decision means implemented by said data processing system for evaluating said information to determine a most suitable supplier for a transaction concerning said subject and transaction means implemented by said data processing system for consummating a transaction concerning said subject with said most suitable supplier, said evaluating comprising comparing information obtained from said automated service interface for said one or more suppliers and said consummating comprising invoking a consummation operation implemented by said automated service interface associated with said most suitable supplier.

19. A computer program product for programming a client transaction agent that comprises a data processing system for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

one or more computer-readable data storage media;

programming means recorded on said data storage media for programming said client transaction agent to operate prior to the commencement of said automated trading, as by;

publishing trading requirements for notification to one or more supplier transaction agents, said publishing comprising a communication or transfer or input of said trading requirements in computer-readable form for storage on a computer-readable storage medium;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

collecting information about automated services provided by one or more suppliers that conform to said trading requirements, said collecting comprising receiving said information about automated services in computer-readable form; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

20. A computer program product in accordance with claim 19 wherein said programming means further comprises means for programming said client transaction agent to publish said trading requirements by publishing an automated service interface specification containing said trading requirements to a remote machine-implemented broker that notifies said one or more supplier transaction agents thereof by communicating said automated service interface specification in computer-readable form, and wherein said programming means further comprises means for programming said client transaction agent to collect information about said automated services by collecting one or more automated service identifications that identify said automated services from said remote broker, said collect operation comprising requesting and receiving said automated service identifications in computer-readable form.

21. A computer program product in accordance with claim 19 wherein said programming means further comprises means for programming said client transaction agent to publish said trading requirements by publishing an automated service interface specification containing said trading requirements to a machine-implemented broker module within said client transaction agent that notifies said one or more supplier transaction agents thereof by communicating said automated service interface specification in computer-readable form, and wherein said programming means further comprises means for programming said client transaction agent to collect information about said automated services by collecting one or more automated service identifications that identify said automated services from said broker module, said collect operation comprising requesting and receiving said automated service identifications in computer-readable form.

22. A computer program product in accordance with claim 19 wherein said programming means further comprises means for programming said client transaction agent to operate as by accessing said automated services provided by said one or more suppliers to obtain information regarding a transaction subject of interest to said client, said accessing comprising communicating with said automated service interface associated with said one or more suppliers.

23. A computer program product in accordance with claim 22 wherein said programming means further comprises means for programming said client transaction agent to operate as by evaluating said information to determine a most suitable supplier for a transaction concerning said subject and consummating a transaction concerning said subject with said most suitable supplier, said evaluating comprising comparing information obtained from said automated service interface for said one or more suppliers and said consummating comprising invoking a consummation operation implemented by said automated service interface associated with said most suitable supplier.

24. A machine-implemented broker for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

a data processing system;

notification means implemented by said data processing system prior to the commencement of said automated trading for notifying one or more machine-implemented supplier transaction agents of trading requirements received from a machine-implemented client transaction agent, said notifying comprising communicating said trading requirements in computer-readable form to said one or more supplier transaction agents;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

registration means implemented by said data processing system prior to the commencement of said automated trading for registering automated services provided by one or more of said suppliers that conform to said trading requirements, said registering comprising storing information about said automated services in computer-readable form on a computer-readable data storage medium;

advising means implemented by said data processing system prior to the commencement of said automated trading for advising said client transaction agent about said registered automated services, said advising comprising communicating information about said registered automated services in computer-readable form; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

25. A broker in accordance with claim 24 wherein said broker is remote from said client transaction agent.

26. A broker in accordance with claim 24 wherein said broker is situated in said client transaction agent.

27. A broker in accordance with claim 24 wherein said registration means comprises a registration database that stores automated service identifications.

28. A broker in accordance with claim 27 wherein said advising means comprises a collection interface that said client transaction agent can access to collect registration database entries.

29. A computer program product for programming a broker for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

one or more computer-readable data storage media;

programming means recorded on said data storage media for programming said broker to operate prior to the commencement of said automated trading, as by;

notifying one or more machine-implemented supplier transaction agent, of trading requirements received from a machine-implemented client transaction agent said notifying comprising communicating said trading requirements in machine-readable form to said one or more supplier transaction agents;

registering automated services provided by one or more of said suppliers that conform to said trading requirements, said registering comprising storing information about said automated services in computer-readable form on a computer-readable data storage medium;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

advising said client transaction agent about said registered automated services, said advising comprising communicating information about said registered automated services in computer-readable form;

whereby said client automated trading program can subsequently invoke said automated services to perform said automated trading.

30. A computer program product in accordance with claim 29 wherein said programming means is for programming said broker to operate remotely from said client transaction agent.

31. A computer program product in accordance with claim 29 wherein said programming means is part of a computer program product for programming said client transaction agent.

32. A computer program product in accordance with claim 29 wherein said programming means further comprises means for programming said broker to register said automated services by way of a registration database that stores automated service identifications.

33. A computer program product in accordance with claim 29 wherein said programming means further comprises means for programming said broker to advise said client transaction agent about said registered automated services by providing a collection interface that said client transaction agent can access to collect registration database entries.

34. A machine-implemented supplier transaction agent for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

a data processing system;

receiving means implemented by said data processing system prior to the commencement of said automated trading for receiving trading requirements in computer-readable form generated by a machine-implemented client transaction agent;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

registration means implemented by said data processing system prior to the commencement of said automated trading for registering automated services that conform to said trading requirements with a machine-implemented broker, said registering comprising communicating information about said automated services in computer-readable form for storage on a computer-readable storage medium associated with said broker; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

35. A supplier transaction agent in accordance with claim 34 wherein said receiving means comprises means for receiving an automated service interface specification.

36. A supplier transaction agent in accordance with claim 34 wherein said registration means comprises means for providing an automated services identification that can be accessed by said client transaction agent.

37. A supplier transaction agent in accordance with claim 36 wherein said automated services identification is a network resource locating address.

38. A supplier transaction agent in accordance with claim 34 further including means for generating said automated services using said trading requirements.

39. A computer program product for programming a supplier transaction agent for use in an automated trading support system that facilitates client-oriented automated trading with suppliers, comprising:

one or more data storage media;

programming means recorded on said data storage media for programming said client transaction agent to operate prior to the commencement of said automated trading, as by;

receiving trading requirements in computer-readable form generated by a machine-implemented client transaction agent;

said trading requirements comprising interface description information for creating an automated service interface that interoperates with an automated trading application implemented on behalf of a client by said client transaction agent;

said automated service interface implementing one or more interface operations that said client automated trading application can invoke to facilitate product or service acquisition;

registering automated services that conform to said trading requirements with a machine-implemented broker, said registering comprising communicating information about said automated services in computer-readable form for storage on a computer-readable storage medium associated with said broker; and

whereby said client automated trading application can subsequently invoke said automated services to perform said automated trading.

40. A computer program product in accordance with claim 39 wherein said programming means further comprises means for programming said supplier transaction agent to receive said trading requirements by receiving an automated service interface specification.

41. A computer program product in accordance with claim 39 wherein said programming means further comprises means for programming said supplier transaction agent to register said automated services by providing a automated services identification that can be accessed by said client transaction agent.

42. A computer program product in accordance with claim 39 wherein said programming means further comprises means for programming said supplier transaction agent to register said automated services by providing a network resource locating address that can be accessed by said client transaction agent.

43. A computer program product in accordance with claim 39 wherein said programming means further comprises means for programming said supplier transaction agent to generate said automated services using said trading requirements.