System and method for automated commodities transactions including an automatic hedging function

  • US 20040230520A1
  • Filed: 06/17/2004
  • Published: 11/18/2004
  • Est. Priority Date: 10/18/2000
  • Status: Active Grant
First Claim
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1. A method for executing a transaction between a buyer and a seller comprising:

  • (a) receiving, by a net market, a first bid from the buyer to purchase a commodity;

    (b) receiving, by the net market, commodities exchange pricing information for the commodity;

    (c) calculating an updated first bid based on the pricing information;

    (d) receiving, by the net market, a second bid from the seller to sell the commodity;

    (e) comparing the updated first bid to the second bid;

    (f) determining whether the buyer may transact with the seller with respect to the commodity; and

    (g) executing a hedge with respect to the transaction.

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