Systems and methods for matching desired prices of mis-matched items
DCFirst Claim
1. A method performed by a first computer coupled by a network to a plurality of other computers, the method comprising:
- receiving, from at least a second computer coupled by a network to the first computer, a first and a second of one of buy side orders and sell side orders for an item, each of the first and the second orders specifying a plurality of terms comprising a near date and a far date, wherein at least one of the near date of the first order and the near date of the second order are mis-matched, and the far date or the first order and the far date of the second order are mis-matched;
receiving, from a third computer coupled by a communication link to the first computer, a query for one of buy side orders and sell side orders, the query specifying a plurality of terms comprising a near date and a far date;
identifying automatically in response to the query a set of orders comprising at least the first and second orders based on the near date of the first order occurring within a period of time from the near date of the query and the far date of the second order occurring within a period of time from the far date of the query, wherein the first and second orders are contra-side orders to the query and wherein at least one of the near date of the second order is mis-matched with the near date of the query and the far date of the first order is mis-matched with the far date of the query.
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Abstract
The present invention is systems and methods for matching desired purchases and sales of mis-matched items. These systems and methods compare the requirements of potential buyers and sellers of items against those of sets of other potential buyers and sellers of items to construct transaction sets that will enable an optimal transaction or set of transactions for the parties involved. The present invention may be used to match purchases and sales of any items, such as goods, services, financial instruments, and property interests (e.g., ownership and/or possessory interests in real property, personal property, etc.).
10 Citations
40 Claims
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1. A method performed by a first computer coupled by a network to a plurality of other computers, the method comprising:
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receiving, from at least a second computer coupled by a network to the first computer, a first and a second of one of buy side orders and sell side orders for an item, each of the first and the second orders specifying a plurality of terms comprising a near date and a far date, wherein at least one of the near date of the first order and the near date of the second order are mis-matched, and the far date or the first order and the far date of the second order are mis-matched; receiving, from a third computer coupled by a communication link to the first computer, a query for one of buy side orders and sell side orders, the query specifying a plurality of terms comprising a near date and a far date; identifying automatically in response to the query a set of orders comprising at least the first and second orders based on the near date of the first order occurring within a period of time from the near date of the query and the far date of the second order occurring within a period of time from the far date of the query, wherein the first and second orders are contra-side orders to the query and wherein at least one of the near date of the second order is mis-matched with the near date of the query and the far date of the first order is mis-matched with the far date of the query. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. A system comprising a first computer coupled over a network with at least a second and a third computers, the first computer comprising software that when executed causes the first computer at least to:
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receive from at least the second computer a first and a second of one of buy side orders and sell side orders for an item, each of the first and the second orders specifying a plurality of terms comprising a near date and a far date, wherein at least one of the near date of the first order and the near date of the second order are mis-matched, and the far date or the first order and the far date of the second order are mis-matched; receive from the third computer a query for one of buy side orders and sell side orders, the query specifying a plurality of terms comprising a near date and a far date; identify automatically in response to the query a set of orders comprising at least the first and second orders based on the near date of the first order occurring within a period of time from the near date of the query and the far date of the second order occurring within a period of time from the far date of the query, wherein the first and second orders are contra-side orders to the query and wherein at least one of the near date of the second order is mis-matched with the near date of the query and the far date of the first order is mis-matched with the far date of the query. - View Dependent Claims (21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38)
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39. A system comprising a first computer coupled over a network with at least a second and third computers, the at least first computer comprising software that when executed causes the first computer at least to:
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receive from at least the second computer a first, a second, and a third of one of buy side orders and sell side orders for an item, each of the first, the second, and the third orders specifying a plurality of terms comprising a near date and a far date, wherein at least one of the near dates of the first, the second, and the third orders are mis-matched, and the far dates of the first, the second, and the third orders mis-matched; receive from the third computer a query for one of buy side orders and sell side orders, the query specifying a plurality of terms comprising a near date and a far date; identify automatically in response to the query a set of orders comprising at least the first, the second, and the third orders based on the near date of the first order occurring within a period of time from the near date of the query and the far date of the second order occurring within a period of time from the far date of the query, and at least one of the near date of the third order occurs within a period of time from the far date of the first order and the far date of the third order occurs within a period of time from the near date of the second order, wherein the first, the second, and the third orders are contra-side orders to the query and wherein at least one of the near dates of the second and third orders are mis-matched with the near date of the query and the far dates of the first and third orders are mis-matched with the far date of the query. - View Dependent Claims (40)
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Specification