Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
1999-08-25
2009-02-03
Robinson Boyce, Akiba K (Department: 3628)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S035000, C705S03600T, C705S001100
Reexamination Certificate
active
07487123
ABSTRACT:
A computer-implemented financial management system provides the trading of securities via a network using virtual currency. A server computer receives buy and sell orders for derivative financial instruments from a plurality of client computers. The server computer attempts to match the buy and sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer. The virtual specialist program responds to an imbalance in the matching of the buy and sell orders. The virtual currency accumulated by HSX account holders as a result of successful trading may be converted to another currency, credited toward the cost of merchandise provided through a vendor's web site, etc.
REFERENCES:
patent: 3499646 (1970-03-01), Burgess, Jr. et al.
patent: 3573747 (1971-04-01), Adams et al.
patent: 3581072 (1971-05-01), Nymeyer
patent: 4412287 (1983-10-01), Braddock, III
patent: 4597046 (1986-06-01), Musmanno et al.
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4823265 (1989-04-01), Nelson
patent: 4903201 (1990-02-01), Wagner
patent: 4980826 (1990-12-01), Wagner
patent: 5077665 (1991-12-01), Silverman et al.
patent: 5101353 (1992-03-01), Lupien et al.
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5237500 (1993-08-01), Perg et al.
patent: 5270922 (1993-12-01), Higgins
patent: 5297032 (1994-03-01), Trojan et al.
patent: 5375055 (1994-12-01), Togher et al.
patent: 5497317 (1996-03-01), Hawkins et al.
patent: 5508731 (1996-04-01), Kohorn
patent: 5508913 (1996-04-01), Yamamoto et al.
patent: 5537314 (1996-07-01), Kanter
patent: 5557517 (1996-09-01), Daughterty, III
patent: 5689652 (1997-11-01), Lupien et al.
patent: 5692233 (1997-11-01), Garman
patent: 5724524 (1998-03-01), Hunt et al.
patent: 5727165 (1998-03-01), Ordish et al.
patent: 5819237 (1998-10-01), Garman
patent: 5819238 (1998-10-01), Fernholz
patent: 5826241 (1998-10-01), Stein et al.
patent: 5845266 (1998-12-01), Lupien et al.
patent: 5905974 (1999-05-01), Fraser et al.
patent: 5913203 (1999-06-01), Wong et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5950176 (1999-09-01), Keiser et al.
patent: 5950177 (1999-09-01), Lupien et al.
patent: 6012046 (2000-01-01), Lupien et al.
patent: 6014643 (2000-01-01), Minton
patent: 6016483 (2000-01-01), Rickard et al.
patent: 6026388 (2000-02-01), Liddy et al.
patent: 6029146 (2000-02-01), Hawkins et al.
patent: 6263321 (2001-07-01), Daughtery, III
patent: 6578010 (2003-06-01), Teacherson
patent: 3539545 (1986-07-01), None
patent: WO 93/10503 (1993-05-01), None
patent: WO 96/41315 (1996-12-01), None
patent: WO98/58333 (1998-12-01), None
patent: WO01/16825 (2001-03-01), None
patent: WO01/39056 (2001-05-01), None
Hakansson, Nils H. et al. “On the feasibility of automated market making by a programmed specialist,” Journal of Finance, vol. XL, No. 1. pp. 1-20, Mar. 1985.
Freund, William C. “Trading stock around the clock: the future growth of global electronic markets”, California Management Review, v. 34, n1, pp. 87, 1991.
Bloomfield, Robert, “The interdependence of reporting discretion and informational efficiency in laboratory markets”, the accounting Review, v. 71, pp. 493-511, Oct. 1996.
Lindsey, Richard R. and Ulrike Schaede, “Specialist vs. Saitori: market-making in New York and Tokyo”, Financial analysts Journal, v. 48, n.4, pp. 48-57, Jul. 1992.
Chan, K.C. et al., “Market structure and the intraday pattern of bid-ask spreads for NASDAQ securities”, the Journal of Business, v. 68, n. 1, p. 35, Jan. 1995.
Howard, Barbara, “The trade: technology aims to take the final step”, Institutional Investor, v.25, n.1, p. S15, Jan. 1991.
Michael Schrage, “Firms Quietly Forming Own Economies”, San Jose mercury news, Jul. 1992.
Nash, Kim S., “Cybercash at risk: Money laws lacking”, Computerworld, Dec. 1996.
“Digital Commerce on Increase”, Publishing Technology Review, v2, n2, Jan. 1995.
Peter H. Lewis, “Attention Internet Shoppers: E-Cash Is Here”, The New York Times, Section D, p. 4, col. 4, Oct. 1994.
Saul Hansell, “Today, Shoppers on Internet Get Access to Electronic Cash”, The New York Times, Section d, p. 4, col. 5, Oct. 1995.
Domowitz-I et al., “Auctions as algorithms: computerized trade execution and price discovery”, Journal of Economic Dynamics and Control, {J-Econ-Dyn-Control-Netherlands}, Jan. 1994, vol. 18, No. 1, p. 29-60.
Tuchlin; Smooth Negotiating: Making the Director Deal. 1998 The Internet printout.
Amex.com, The Street.com, Across the Street: Buying Stock in Hollywood, Jeffrey L. Newman, Nov. 17, 1997, 2 pgs.
Cones: 43 Ways to Finance Your Feature Film. 1995. pp. 47 and 45.
Cones, John W. and Wilke, Pete, “Investor Financing of Independent Film”, 1998.
Engineers, Hollywood Stock Exchange, printed on Nov. 13, 1997, 2 pgs.
Jack Feuer: Disc Driven. Findarticles.com; Jul. 12, 1999.
Insider Trading—Hollywood Style, Entrepreneurial Edge Online, OnlinePress.com, Matthew Ragas, Feb. 4, 1998, 3 pgs.
The Internet Bull Market in Movies, Newsweek, Yahlin Chang, Feb. 3, 1997, pp. 3.
Lights, Camera, Capital On-line Investing, Debra Kaufman, Wired Magazine, May 2001, 1 sheet.
MediaX and CMC International Records Team Up for Exclusive Download Campaigns with Major Artists. PR Newswire, Dec. 9, 1999.
“ A New Craze for March's Maddest: Online ‘Trading’ of NCAA Shares”, Barbara Martinez, The New York Times Company: Abstracts, Mar. 8, 1994.
The New York Times, The Hollywood Stock Market: You Can't Lose, Laura Pedersen-Pietersen, Jan. 11, 1998, 3 pgs.
The Rogue Market Journal, The Power Play on Popular Culture, A Letter from the Editor, print on Dec. 31, 1996, 18 pgs.
SunSpot Maryland's Online Community, Taking Stock at the Box Office, Alex Dubin, printed on Aug. 19, 1997, 5 pgs.
Ventura County Review; The Los Angeles Times; Dec. 15, 1998.
Ye, Jia, “An Investigation of Market Fragmentation and the Specialist's Quotation Strategy (Information Risk, Liquidity, Bid Ask Spread”, 1995, vol. 57/03-A of Dissertation Abstracts International, p. 1260, 97 pgs.
American Film Market; Hollywoodnet.com; 1997, http://www.hollywoodnet.com/conferences/afm97.htm.
Astral Media The Harold Greenberg Fund's Equity Investment Program; 1992, ttp://www.tmn.ca/hgfund/pdf/fundEquityJune2002.pdf.
Avary's Domain—Interviews—Multimeter Magazine Interview, Mar. 3, 1994; pp. 9-10, http://www.avary.com/killingzoe/details/interview.kz.millimetermag.html.
Canadians turn to co-finance, pre-sales for TV prod'n coin. Findarticles.com, Jan. 19, 1998, http://www.findarticles.com/cf—0/m1312
10—v369/20371093/print.jhtml.
Film Finances, Inc. The World Leader in Completion Guarantees. Oct. 1999 Internet print-out.
Film Finances, Inc. The World Leader in Completion Guarantees. Sample Completion Guaranty; Aug. 2000 Internet print-out.
Burns Michael R.
Keiser Timothy M.
Boyce Akiba K Robinson
CFPH, LLC
Papageorgiou Antonio
LandOfFree
Computer-implemented securities trading system with virtual... does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Computer-implemented securities trading system with virtual..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Computer-implemented securities trading system with virtual... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-4088819