System for trading commodities and the like
First Claim
1. A method for cross-trading commodities and the like among a plurality of exchanges comprising:
- providing a computer;
establishing a communications link between the computer and the Internet;
providing a database, accessible by the computer, containing a plurality of user files wherein each of the plurality of user files corresponds to a specified user of the system and further containing levels of permission to access and/or trade corresponding to a plurality of exchanges to which the specified user may access;
providing a database, accessible by the computer, containing a plurality of open offers and bids wherein each of the plurality of open offers and bids contains information corresponding to open bids or offers for commodities and the open offers and bids are organized according to the commodities to which they correspond;
providing at least one computer site for transacting specified commodities executing on the computer accessible by selected users having proper levels of permission to access and/or trade for each exchange; and
presenting open offers and bids from more than one exchange transmitted from the computer to a user of the system over the communications link, querying the user database to retrieve levels of permission to access and/or trade from a user file corresponding to the user, retrieving open offers and bids from the indication database corresponding to the user, retrieving open offers and bids from the indication database corresponding to the predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of the retrieved open offers and bids having commodities from more than one exchange displayed thereon, and transmitting the presentation to the user over the communications link.
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Accused Products
Abstract
A system for trading commodities and the like comprising a computer, a communications link between the computer and the Internet, a database, accessible by the computer, containing a plurality of user files wherein each of the user files contains a plurality of transaction parameters corresponding to one or more indications associated with the user file. The transaction parameters govern the presentation and acceptance of indications associated therewith. The system further includes a database, accessible by the computer, containing a plurality of indications wherein each of the indications contains information corresponding to open bids or offers for commodities, and an indication selection submitted by a user over the communications link. Software executing on the computer receives the indication selection, retrieves an indication corresponding to the indication selection from the indication database, queries a user file in the user database corresponding to the indication to determine transaction parameters associated with the indication, and presents the indication to the user in accordance with any determined transaction parameters.
91 Citations
21 Claims
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1. A method for cross-trading commodities and the like among a plurality of exchanges comprising:
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providing a computer; establishing a communications link between the computer and the Internet; providing a database, accessible by the computer, containing a plurality of user files wherein each of the plurality of user files corresponds to a specified user of the system and further containing levels of permission to access and/or trade corresponding to a plurality of exchanges to which the specified user may access; providing a database, accessible by the computer, containing a plurality of open offers and bids wherein each of the plurality of open offers and bids contains information corresponding to open bids or offers for commodities and the open offers and bids are organized according to the commodities to which they correspond; providing at least one computer site for transacting specified commodities executing on the computer accessible by selected users having proper levels of permission to access and/or trade for each exchange; and presenting open offers and bids from more than one exchange transmitted from the computer to a user of the system over the communications link, querying the user database to retrieve levels of permission to access and/or trade from a user file corresponding to the user, retrieving open offers and bids from the indication database corresponding to the user, retrieving open offers and bids from the indication database corresponding to the predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of the retrieved open offers and bids having commodities from more than one exchange displayed thereon, and transmitting the presentation to the user over the communications link. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 19)
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13. A system for cross-trading commodities and the like among a plurality of exchanges comprising:
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a computer; a communications link between the computer and the Internet; a database, accessible by the computer, containing a plurality of user files wherein each of the plurality of user files corresponds to a specified user of the system and further containing levels of permission to access and/or trade corresponding to a plurality of exchanges to which the specified user may access; at least one computer site for transacting specified commodities executing on the computer accessible by selected users having proper levels of permission to access and/or trade for each exchange; a database, accessible by the computer, containing a plurality of open offers and bids wherein each of the plurality of open offers and bids contains information corresponding to open bids or offers for commodities and the open offers and bids are organized according to the commodities to which they correspond; and means executing on the computer for querying the user database to retrieve levels of permission to access and/or trade from a used file corresponding to the user;
retrieving open offers and bids form more than one exchange from the indication database corresponding to predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of the retrieved open offers and bids having commodities from more than one exchange displayed thereon, transmitting the presentation to the user over the communications link, and displaying the presentation of the retrieved open offers and bids corresponding to the commodities within the exchanges to which the user has been determined to have access. - View Dependent Claims (14, 15, 16, 17, 18, 20)
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21. A method for cross-trading commodities and the like among a plurality of exchanges comprising:
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providing a computer; establishing a communications link between the computer and the Internet; providing a database, accessible by the computer, containing a plurality of user files wherein each of the plurality of user files corresponds to a specified user of the system and further containing levels of permission to access and/or trade corresponding to a plurality of exchanges to which the specified user may access; providing a database, accessible by the computer, containing a plurality of open offers and bids wherein each of the plurality of pen offers and bids contains information corresponding to open bids or offers for commodities and the open offers and bids are organized according to the commodities to which they correspond; providing at least one computer site for transacting specified commodities executing on the computer accessible by selected users having proper levels of permission to access and/or trade for each exchange; and presenting open offers and bids from more than one exchange transmitted from the computer to a user of the system over the communications link, querying the user database to retrieve levels of permission to access and/or trade from a user file corresponding to the user, retrieving open offers and bids for the indication database corresponding to the predetermined commodities within the exchanges to which the user has been determined to have access, generating a presentation of the retrieved open offers and bids having commodities from more than one exchange displayed thereon, and transmitting the presentation to the user over the communication link.
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Specification