Interactive securities trading system

  • US 6,014,643 A
  • Filed: 08/26/1996
  • Issued: 01/11/2000
  • Est. Priority Date: 06/28/1996
  • Status: Expired due to Fees
First Claim
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1. A method for trading securities between individuals, comprising:

  • entering an offer of a first individual to trade a security on a first data processing system;

    transmitting the offer to additional data processing systems, including a second data processing system, over a public communication network;

    entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer;

    executing a trade of the security based on information contained in the offer for consideration specified in the reply to the offer, whereby the security is traded efficiently between the first individual and the second individual;

    transmitting to the second data processing system additional offers to trade in the security formed by additional individuals;

    ranking the offer formed by the first individual and the additional offers formed by the additional individuals according first to a price value, then secondly, according to a quantity value; and

    displaying the offer formed by the first individual and the additional offers by the additional individuals according to the ranking step on a graphical user interface on the second data processing system.

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