Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-03-15
2011-03-15
Akintola, Olabode (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07908199
ABSTRACT:
A bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer's order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer's barter order with the selected posted order(s). Toolkits are provided for enabling parties, particularly marketmakers, to respond to barter orders in an automated manner. Marketmakers can use the marketmaker toolkits to populate a database, or order book, with barter orders, which can be traded against by traders. Other toolkits are provided for enabling traders to establish barter orders grouped in baskets based on market fundamentals and risk characteristics. Still other toolkits are provided for enabling retail traders to establish contingent barter orders, or barter orders that are only processed upon the occurrence of a specified condition.
REFERENCES:
patent: 3573747 (1971-04-01), Adams et al.
patent: 4412287 (1983-10-01), Braddock, III
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4903201 (1990-02-01), Wagner
patent: 5077665 (1991-12-01), Silverman et al.
patent: 5126936 (1992-06-01), Champion et al.
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5237500 (1993-08-01), Perg et al.
patent: 5297031 (1994-03-01), Gutterman et al.
patent: 5500793 (1996-03-01), Deming et al.
patent: 5592376 (1997-01-01), Hodroff
patent: 5664115 (1997-09-01), Fraser
patent: 5689652 (1997-11-01), Lupien et al.
patent: 5727165 (1998-03-01), Ordish et al.
patent: 5794207 (1998-08-01), Walker et al.
patent: 5809483 (1998-09-01), Broka et al.
patent: 5852810 (1998-12-01), Sotiroff et al.
patent: 5857174 (1999-01-01), Dugan
patent: 5873071 (1999-02-01), Ferstenberg et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5926793 (1999-07-01), DeRafael
patent: 5926801 (1999-07-01), Matsubara et al.
patent: 5950178 (1999-09-01), Borgato
patent: 5963923 (1999-10-01), Garber
patent: 6014643 (2000-01-01), Minton
patent: 6029146 (2000-02-01), Hawkins et al.
patent: 6035287 (2000-03-01), Stallaert et al.
patent: 6058379 (2000-05-01), Odom et al.
patent: 6085176 (2000-07-01), Woolston
patent: 6112181 (2000-08-01), Shear et al.
patent: 6112189 (2000-08-01), Rickard et al.
patent: 6173270 (2001-01-01), Cristofich et al.
patent: 6202051 (2001-03-01), Woolston
patent: 6233566 (2001-05-01), Levine et al.
patent: 6236977 (2001-05-01), Verba et al.
patent: 6247000 (2001-06-01), Hawkins et al.
patent: 6343278 (2002-01-01), Jain et al.
patent: 6405180 (2002-06-01), Tilfors et al.
patent: 6408282 (2002-06-01), Buist
patent: 6415320 (2002-07-01), Hess et al.
patent: 6418419 (2002-07-01), Nieboer et al.
patent: 6493681 (2002-12-01), Tertitski et al.
patent: 6505174 (2003-01-01), Keiser et al.
patent: 6594640 (2003-07-01), Postrel
patent: 6598026 (2003-07-01), Ojha et al.
patent: 6684196 (2004-01-01), Mini et al.
patent: 6847938 (2005-01-01), Moore
patent: 6993511 (2006-01-01), Himmelstein
patent: 7039610 (2006-05-01), Morano et al.
patent: 7080050 (2006-07-01), Himmelstein
patent: 7124106 (2006-10-01), Stallaert et al.
patent: 7133847 (2006-11-01), Himmelstein
patent: 7158956 (2007-01-01), Himmelstein
patent: 7177833 (2007-02-01), Marynowski et al.
patent: 7305362 (2007-12-01), Weber et al.
patent: 2001/0034663 (2001-10-01), Teveler et al.
patent: 2001/0049651 (2001-12-01), Selleck
patent: 2002/0004759 (2002-01-01), Bradford et al.
patent: 2002/0010672 (2002-01-01), Waelbroeck et al.
patent: 2002/0013750 (2002-01-01), Roberts et al.
patent: 2002/0032643 (2002-03-01), Himmelstein
patent: 2002/0038278 (2002-03-01), Himmelstein
patent: 2002/0069152 (2002-06-01), B.C et al.
patent: 2002/0091611 (2002-07-01), Minton
patent: 2003/0014351 (2003-01-01), Neff et al.
patent: 2003/0050888 (2003-03-01), Satow et al.
patent: 2003/0101063 (2003-05-01), Sexton et al.
patent: 2005/0137964 (2005-06-01), Nordlicht et al.
patent: 2005/0288955 (2005-12-01), Lewiss-Hachmeister
patent: 2006/0190416 (2006-08-01), Himmelstein
patent: 2006/0242054 (2006-10-01), Himmelstein
patent: 2008/0071667 (2008-03-01), Himmelstein
patent: 2008/0097930 (2008-04-01), Himmelstein
patent: 1282053 (2003-05-01), None
patent: 2003223483 (2003-08-01), None
patent: WO 98 21667 (1998-05-01), None
patent: WO 98/21667 (1998-05-01), None
patent: WO-9821667 (1998-05-01), None
patent: WO 00/78300 (2000-12-01), None
patent: WO-0078300 (2000-12-01), None
patent: WO 01/08065 (2001-02-01), None
patent: WO-0108065 (2001-02-01), None
Santoli, M., “The Striking Price: Some Option”, Barron's. New York, N. Y.: Aug. 23, 1999. vol. 79, Iss. 34' p. MW13, Ipgs.
Patel, A., “Investigating is the best preparation: Researching equities online: Alpesh Patel avail yourself of the host of user friendly web sites there to help traders understand companies they invest in”; Financial Times. London (UK): Jan. 29, 2000, p. 10.
Santoli, M., “The Striking Price: Some Option”, Barron's. New York, N. Y.: Aug. 23, 1999. vol. 79, Iss. 34′ p. MW13, 1pgs.
U.S. Appl. No. 09/569,135, filed May 11, 2000, “Secure System for Trading Fungible Commodities” (48 pages).
U.S. Appl. No. 09/570,562, filed May 12, 2000, “Method and System for Anonymously and Confidentially Matching Contraparties . . . of a Transaction” (38 pages).
“Mathematical Market Model . . . Subjectivity”, Dec. 16, 1997, reprinted from www.colorado.edu/Economics/courses/econ2020/6550/readings/mathematical-model.html May 5, 2009 (5 pages).
“Principal Blind Bidding in Portfolio Trading”, Traders Magazine.com, published Aug. 31, 1998, reprinted May 5, 2009 (2 pages).
Chapman, P., “CooperNeff's Bid for Blind' Business Quant Shop Using Technology for Growth,” Traders Magazine.com, published Aug. 31, 2000, reprinted May 5, 2009 (3 pages).
Kavajecz, K., “Packaging Liquidity: Blind Auctions and Liquidity Provision”, Feb. 5, 2002, http://finance.wharton.upenn.edu/˜rlwctr/papers/0204.pdf, reprinted May 5, 2009 (43 pages).
PCT International Search Report for PCT/US02/06129, mailed Oct. 2, 2002 (7 pages).
John Downes and Jordan Eliott Goodman, Dictionary of Finance and Investment Terms, Barron's Financial Guides, Fifth Edition, 1998, pp. 656, 654 and 47.
A Basic Guide to Exporting, Foreign Currency http://www.unzco.com/basicguide/c12.html.
Himmelstein Richard
Neff Roy
Akintola Olabode
Lech Robert R.
Lech Law, LLC
LandOfFree
System and method of responding to orders in a securities... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with System and method of responding to orders in a securities..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method of responding to orders in a securities... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2779214