Real-time commodity trading method and apparatus

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

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

Reexamination Certificate

active

09415392

ABSTRACT:
A method and a system including programmed general purpose digital computers on a computer network for effectuating the real-time trading of a commodity including, but not limited to, a currency. A commodity trading method implemented at a client or trader computer connected to a computer network (e.g., the Internet) includes (a) receiving, in encoded form via a computer network, a plurality of bids and a plurality of offers pertaining to a common commodity, (b) displaying the bids and offers on a computer monitor, (c) generating a trading offer including a trading rate or price per unit of the commodity and a number of units of the commodity, (d) automatically calculating a total stop amount for the trading offer, (e) automatically or electronically comparing the total stop amount with an amount in a client or trader account, and (f) transmitting a digital signal encoding the trading offer to multiple other clients via the computer network upon and only upon a determination that the total stop amount is less than an amount in the client account.

REFERENCES:
patent: 4412287 (1983-10-01), Braddock, III
patent: 4677933 (1987-07-01), Rotella
patent: 4903201 (1990-02-01), Wagner
patent: 4980826 (1990-12-01), Wagner
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5168446 (1992-12-01), Wiseman
patent: 5297031 (1994-03-01), Gutterman et al.
patent: 5809483 (1998-09-01), Broka et al.
patent: 5845265 (1998-12-01), Woolston
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5950176 (1999-09-01), Keiser et al.
patent: 6029146 (2000-02-01), Hawkins et al.
patent: 6247000 (2001-06-01), Hawkins et al.
patent: 6317728 (2001-11-01), Kane
patent: WO 200127836 (2001-04-01), None
AAII Computerized Investing Newsletter. Equis International AAII—May/Jun. 1998.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Real-time commodity trading method and apparatus does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Real-time commodity trading method and apparatus, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Real-time commodity trading method and apparatus will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-3805142

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.