System and method for developing and using a request for...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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C705S035000, C705S03600T, C705S041000

Reexamination Certificate

active

07373326

ABSTRACT:
A system for developing and using a request for transaction framework including a framework engine configured to enable a market maker to develop a request for transaction for a particular market, and a request for transaction engine configured to enable an organization within the relevant market to prepare a request for transaction relating to a resource requirement and select a response relating to the resource requirement. In a preferred embodiment, the market maker creates a request for transaction framework by manipulating attribute parameters and identifying an analysis framework. A request for transaction framework may be a request for proposal framework, a request for quote framework, or other type of framework in which there is a request followed by a plurality of responses and a selection of one of the responses.

REFERENCES:
patent: 6131087 (2000-10-01), Luke et al.
patent: 6278982 (2001-08-01), Korhammer et al.
patent: 6789252 (2004-09-01), Burke et al.
patent: 2002/0128955 (2002-09-01), Brady et al.
Bid.Com Launches Next Generation Procurement Solution, Nov. 8, 2000, Canada NewsWire. Ottawa. p. 1.
Gwangheon, H. et al., An Empirical Study of Bond Market Transactions, Mar./Apr. 2000. Financial Analysts Journal. vol. 56, Iss. 2; p. 32, 15 pgs.

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