Automated Trading System and Method

• US 20070255624A1
• Filed: 04/14/2006
• Published: 11/01/2007
• Est. Priority Date: 04/14/2006
• Status: Abandoned Application

• Current Assignee: Swap.com, Inc.
• Original Assignee: Swap.com, Inc.
• Inventors: Boesel, Greg
• Application Number:
  US11/279,782
• Publication Number:
  US 20070255624A1
• Time in Patent Office: Days
• US Class Current: 705/26
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

An automated trading system and method may comprise a storage system for storing a set of data representing users and an associated tradable items, a trade module for determining at least one trade among at least two users using the data representing the tradable items, and an interface for transmitting a signal representing at least a portion of the trade.

Claims

1. An automated trading system comprising:

A. a storage system configured to store a set of data representing a plurality of users and a plurality of tradable items associated with the plurality of users;

B. a trade module configured to access the storage system to determine at least one trade among at least two users from the plurality of users, wherein the trade is determined based on a set of have items and a set of want items associated with each of the at least two users; and

C. an interface configured to couple to the trade module and to transmit a signal representing at least a portion of the trade.

2. The system of claim 1, wherein the trade includes at least one of a non-currency trade or a non-negotiated trade.

3. The system of claim 1, wherein the trade includes at least a partial N-way trade.

4. The system of claim 1, wherein the trade is determined in real-time.

5. The system of claim 1, wherein the trade module is configured to determine at least one of a trade leg and an at least partial trade table.

6. The system of claim 5, wherein the trade leg includes data representative of at least one of the plurality of tradable items and the at least two users.

7. The system of claim 5, wherein the trade table includes a two-dimensional matrix including data representative of the plurality of users and data representative of the plurality of tradable items.

8. The system of claim 1, wherein the trade module includes a recommendation engine configured to determine at least a part of the trade.

9. The system of claim 8, wherein the recommendation engine includes a collaborative filter.

10. The system of claim 1, wherein the storage system is further configured to store data representative of the trade.

11. The system of claim 1, wherein the data storage system includes at least one of a semiconductor memory, a disk storage system, and a tape storage system.

12. The system of claim 1, wherein the data representing the plurality of users includes at least one of a name, a username, a delivery address, a zip code, a password, an access code, an account number, a credit card number, a social security number, a phone number, a personal identification number, an email address, an item list, a have list, a want list, a trade history, a user ranking, a user comment, an average response time, an accept/reject trade percentage, and a trading group.

13. The system of claim 1, wherein the data representing the plurality of tradable items includes at least one of an item type, an item content, an item condition and an item identifier.

14. The system of claim 13, wherein the item type includes at least one of a book, a magazine, a compact disc, and a digital video disc.

15. The system of claim 13, wherein the item content includes at least one of text, an image, a phonorecording, computer software, a game, and a movie.

16. The system of claim 13, wherein the item identifier includes at least one of a title, a person'"'"'s name, a person'"'"'s pseudonym, a name of a group of people, a date, a volume number, a series number, an ISBN, a UPC, a CD number, a DVD number, a genre and a system generated identifier.

17. The system of claim 1, wherein the trade module is operably coupled to at least one of a network interface, text interface, and voice interface configured to receive the signal.

18. The system of claim 17, wherein the system includes at least one of a text processor and a voice processor configured to transmit the signal.

19. The system of claim 1, wherein the interface includes a user interface module configured to communicate to at least one of the plurality of users at least one of the data representing of the plurality of users and the data representing of the plurality of tradable items.

20. The system of claim 19, wherein the user interface module is further configured to communicate to at least one of the plurality of users data representing at least part of the trade.

21. The system of claim 19, wherein the user interface module includes at least one of a text interface, a network interface and a voice interface.

22. The system of claim 19, wherein the trade module and the user interface module are further configured to permit at least one of the plurality of users to modify data stored in the storage system.

23. The system of claim 1, wherein the trade module and the interface are further configured to permit at least one user from the plurality of users to modify data representing a list of have items or a list of want items associated with the at least one user.

24. The system of claim 1, wherein the trade module is further configured to modify a set of data associated with the trade or users from the plurality of users.

25. The system of claim 1, wherein the trade module is further configured to determine the trade based on a user identifying an item wanted.

26. The system of claim 1, wherein the trade module is further configured, for a given have item of a first user, to generate a set of possible trades, including identifying a set of have items from other users that could be traded for the have item of the first user, wherein the have item of the first user is wanted by one or more of the other users.

27. The system of claim 1, wherein the interface is configured to transmit the signal to a user device comprising at least one of a personal digital assistant, a personal computer, a laptop computer, and a cell phone.

28. A computer readable medium having stored thereon computer executable instructions for performing a method comprising:

A. storing a set of data representing a plurality of users and a plurality of tradable items associated with the plurality of users;

B. determining at least one trade among at least two users from the plurality of users, wherein the trade is determined based on a set of have items and a set of want items associated with each of the at least two users; and

C. transmitting a signal representing at least a portion of the trade.

29. The computer readable medium of claim 28, wherein the trade includes at least one of a non-currency trade and a non-negotiated trade.

30. The computer readable medium of claim 28, wherein the trade includes at least a partial N-way trade.

31. The computer readable medium of claim 28, wherein the method includes determining the trade in real-time.

32. The computer readable medium of claim 28, wherein the method of determining the trade includes determining at least one of a trade leg and an at least partial trade table.

33. The computer readable medium of claim 32, wherein the trade leg includes data representative of at least one of the plurality of tradable items and the at least two users.

34. The computer readable medium of claim 32, wherein the trade table includes a two-dimensional matrix including data representative of the plurality of users and data representative of the plurality of tradable items.

35. The computer readable medium of claim 28, wherein determining the trade includes using a recommendation engine.

36. The computer readable medium of claim 35, wherein the recommendation engine includes a collaborative filter.

37. The computer readable medium of claim 28, wherein the method further includes storing data representative of the trade.

38. The computer readable medium of claim 28, wherein data representative of the plurality of users includes at least one of a name, a username, a delivery address, a zip code, a password, an access code, a credit card number, a social security number, a phone number, a personal identification number, an email address, an item list, a have list, a want list, a trade history, a user ranking, a user comment, an average response time, an accept/reject trade percentage, and a trading group.

39. The computer readable medium of claim 28, wherein the data representative of the plurality of tradable items includes at least one of an item type, an item content, an item condition or and item identifier.

40. The computer readable medium of claim 39, wherein the item type includes at least one of a book, a magazine, a compact disc, and a digital video disc.

41. The computer readable medium of claim 39, wherein the item content includes at least one of text, an image, a phonorecording, computer software, a game, and a movie.

42. The computer readable medium of claim 39, wherein the item identifier includes at least one of a title, a person'"'"'s name, a person'"'"'s pseudonym, a name of a group of people, a date, a volume number, a series number, an ISBN, a UPC, a CD number, a DVD number, a genre and a generated identifier.

43. The computer readable medium of claim 28, wherein the method includes transmitting the signal to at least one of network interface, text interface and voice interface.

44. The computer readable medium of claim 43, wherein the signal is transmitted via at least one of a central processor, text processor and a voice processor.

45. The computer readable medium of claim 28, wherein the method includes communicating at least one of data representing the trade and data representing the plurality of tradable items to at least one of the at least two users.

46. The computer readable medium of claim 28, wherein the method includes permitting at least one of the plurality of users to modify at least one of the data representing the plurality of users and data representing the plurality of tradable items.

47. The computer readable medium of claim 28, wherein method includes enabling at least one user from the plurality of users to modify data representing at least one or a list of have items and a list of want items associated with the at least one user.

48. The computer readable medium of claim 28, wherein the method includes modifying a set of data associated with the trade or users from the plurality of users.

49. The computer readable medium of claim 28, wherein the method includes determining the trade based on a user identifying a wanted item.

50. The computer readable medium of claim 28, wherein the method includes, for a given have item of a first user, generating a set of possible trades, including identifying a set of have items from other users that could be traded for the have item of the first user, wherein the have item of the first user is wanted by one or more of the other users.

51. The computer readable medium of claim 28, wherein the method includes transmitting the signal to a user device comprising at least one of a personal digital assistant, a personal computer, a laptop computer, and a cell phone.

52. An automated trading method comprising:

A. storing a set of data representing a plurality of users and a plurality of tradable items associated with the plurality of users;

B. determining at least one trade among at least two users from the plurality of users, wherein the trade is determined based on a set of have items and a set of want items associated with each of the at least two users; and

C. transmitting a signal representing at least a portion of the trade.

53. The method of claim 52, wherein the trade includes at least one of a non-currency trade and a non-negotiated trade.

54. The method of claim 52, wherein the trade includes at least a partial N-way trade.

55. The method of claim 52, wherein the method includes determining the trade in real-time.

56. The method of claim 52, wherein the method of determining the trade includes determining at least one of a trade leg and an at least partial trade table.

57. The method of claim 56, wherein the trade leg includes data representative of at least one of the plurality of tradable items and the at least two users.

58. The method of claim 56, wherein the trade table includes a two-dimensional matrix including data representative of the plurality of users and data representative of the plurality of tradable items.

59. The method of claim 52, wherein determining the trade includes using a recommendation engine.

60. The method of claim 59, wherein the recommendation engine includes a collaborative filter.

61. The method of claim 52, wherein the method further includes storing data representative of the trade.

62. The method of claim 52, wherein data representative of the plurality of users includes at least one of a name, a username, a delivery address, a zip code, a password, an access code, a credit card number, a social security number, a phone number, a personal identification number, an email address, an item list, a have list, a want list, a trade history, a user ranking, a user comment, an average response time, an accept/reject trade percentage, and a trading group.

63. The method of claim 52, wherein the data representative of the plurality of tradable items includes at least one of an item type, an item content, an item condition and an item identifier.

64. The method of claim 63, wherein the item type includes at least one of a book, a magazine, a compact disc, and a digital video disc.

65. method of claim 63, wherein the item content includes at least one of text, an image, a phonorecording, computer software, a game, and a movie.

66. The method of claim 63, wherein the item identifier includes at least one of a title, a person'"'"'s name, a person'"'"'s pseudonym, a name of a group of people, a date, a volume number, a series number, an ISBN, a UPC, a CD number, a DVD number, a genre and a generated identifier.

67. The method of claim 52, wherein the method includes transmitting the signal to at least one of a network interface, text interface and voice interface.

68. The method of claim 67, wherein the signal is transmitted by at least one of a text processor, a network processor and a voice processor.

69. The method of claim 52, wherein the method includes communicating at least one of data representing the trade and data representing the plurality of tradable items to at least one of the plurality of users.

70. The method of claim 52, wherein the method includes permitting at least one of the plurality of users to modify at least one of the data representing the plurality of users and data representing the plurality of tradable items.

71. The method of claim 52, wherein method includes enabling at least one user from the plurality of users to modify data representing at least one of a list of have items and a list of want items associated with the at least one user.

72. The method of claim 52, wherein the method includes modifying a set of data associated with the trade or users from the plurality of users.

73. The method of claim 52, wherein the method includes determining the trade based on a user identifying a wanted item.

74. The method of claim 52, wherein the method includes, for a given have item of a first user, generating a set of possible trades, including identifying a set of have items from other users that could be traded for the have item of the first user, wherein the have item of the first user is wanted by one or more of the other users.

75. The method of claim 52, wherein the method includes transmitting the signal to a user device comprising at least one of a personal digital assistant, a personal computer, a laptop computer, and a cell phone.