Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-08-02
2011-08-02
Akintola, Olabode (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07991686
ABSTRACT:
Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one computer. The at least one computer may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one computer may also be programmed to match a batch of bids, where the matched bids may be modified to reduce the trade risk of a portfolio of the first participant, or to liquidate a defaulted portfolio subject to a Maximum Portfolio Liquidation Cost Constraint. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e.g., a passenger contract and/or freight contract), a financial derivative contract, or a credit default contract on any of an entity's issued securities.
REFERENCES:
patent: 5803500 (1998-09-01), Mossberg
patent: 6115698 (2000-09-01), Tuck et al.
patent: 6321212 (2001-11-01), Lange
patent: 6377940 (2002-04-01), Tilfors et al.
patent: 6405180 (2002-06-01), Tilfors et al.
patent: 6421653 (2002-07-01), May
patent: 6618707 (2003-09-01), Gary
patent: 6751597 (2004-06-01), Brodsky et al.
patent: 6775597 (2004-08-01), Ristanovic et al.
patent: 6909941 (2005-06-01), Scott et al.
patent: 7039610 (2006-05-01), Morano et al.
patent: 7085739 (2006-08-01), Winter et al.
patent: 7124106 (2006-10-01), Stallaert et al.
patent: 7162447 (2007-01-01), Cushing
patent: 7243083 (2007-07-01), Burns et al.
patent: 7246093 (2007-07-01), Katz
patent: 7702563 (2010-04-01), Balson et al.
patent: 7873564 (2011-01-01), Stevens et al.
patent: 2002/0055901 (2002-05-01), Gianakouros et al.
patent: 2003/0004852 (2003-01-01), Burns
patent: 2003/0028476 (2003-02-01), Jenkins et al.
patent: 2003/0041002 (2003-02-01), Hao et al.
patent: 2003/0101123 (2003-05-01), Alvarado et al.
patent: 2004/0010478 (2004-01-01), Peljto et al.
patent: 2005/0273341 (2005-12-01), Hoffesommer
patent: 2009/0132408 (2009-05-01), Stevens et al.
patent: 2010/0121760 (2010-05-01), Stevens
Saavedra, Osvaldo R. and Unsihuay, Clodomiro. Comparative Studies on Transmission Loss Allocation Methods for Competitive Electricity Markets. 2003 IEEE Bologna PowerTech Conference. (Jun. 23-26, 2003. Bologna, Italy).
Natural Gas Week. Exchanges OK Deal on Contracts; Could Hasten Open Outcry Demise. New York: Apr. 7, 2006. p. 1.
Middle East Company News. First Energy Contract Starts Trading on DGCX today. Dubai: Oct. 30, 2006. p. 1.
Xinhua News Agency—CEIA. Online Energy Trading Expected to Swell, Says Report. Woodside: Apr. 10, 2001. p. 1.
Exchanges OK Deal on Contracts, Could Hasten Open Outcry Demise, Natural Gas Week, New York, Apr. 7, 2006, 2 pages.
1st Energy Contract Starts Trading on DGCX Today, Middle East Company News, Dubai, Oct. 30, 2006, 2 pages.
Online Energy Trading Expected to Swell, Says Report, Xinhua News Agency—CEIS, Woodside, Apr. 10, 2001, 2 pages.
Notice of Allowance dated Nov. 17, 2009 in U.S. Appl. No. 11/986,091.
U.S. Appl. No. 12/396,926, filed Mar. 3, 2009.
U.S. Appl. No. 12/542,151, filed Aug. 17, 2009.
Clodomiro Unsihuay and Osvaldo R. Saavedra, “Comparative Studies on Transmission Loss Allocation Methods for Competitive Electricity Markets,” 2003 IEEE Bologna PowerTech Conference, Jun. 23-26, 2003, Bologna, Italy, 7 pages.
“About ISE Alternative Markets,” International Securities Exchange, printed from http://www.ise.com/WebForm/viewPage.aspx?categoryId=112&header2=true&menu0=true on Oct. 30, 2007.
“Longitude Technology,” International Securities Exchange, printed from http://www.ise.com/WebForm/viewPage.aspx?categoryId=341&header2=true&menu1=true on Oct. 30, 2007.
“Longitude Mathematics,” International Securities Exchange, printed from http://www.ise.com/WebForm/viewPage.aspx?categoryId=342&header2=true&menu2=true on Oct. 30, 2007.
“The Mathematical Principles of Longitude,” International Securities Exchange, printed from http://www.ise.com/WebForm/viewPage.aspx?categoryId=342&header2=true&menu2=true on Oct. 30, 2007.
Bushnell, James, “Transmission Rights and Market Power,” Discussion draft, Oct. 1998, downloaded from: http://faculty-gsb.stanford.edu/wilson/archive/E542/classfiles/trans—rights2.pdf on Nov. 20, 2007.
Liu, Leslie & Zobian, Assef, “The Importance of Marginal Loss Pricing in an RTO Environment” downloaded from http://www.ces-us.com/download/Losses%20paper%20-%20web.pdf on Nov. 20, 2007.
Office Action dated Sep. 3, 2008 in U.S. Appl. No. 11/986,091.
Office Action dated Mar. 23, 2009 in U.S. Appl. No. 11/986,091.
Office Action dated Oct. 27, 2009 in U.S. Appl. No. 12/396,926.
Notice of Allowability dated Sep. 27, 2010 in U.S. Appl. No. 12/396,926.
Notice of Allowance dated Nov. 5, 2010 in U.S. Appl. No. 12/396,926.
Office Action dated Dec. 23, 2010 in U.S. Appl. No. 12/542,151.
Office Action dated Sep. 3, 2010 in U.S. Appl. No. 12/692,207.
Notice of Allowance dated Dec. 21, 2010 in U.S. Appl. No. 12/692,207.
Bushnell, James, “Transmission Rights and Market Power,” Apr. 1999, University of California Energy Institute, 15 pages.
Notice of Allowance dated Jul. 23, 2010 in U.S. Appl. No. 12/396,926.
Office Action dated Jun. 21, 2010 in U.S. Appl. No. 12/542,151.
Bulkeley Mark A.
Gibbs Paul S.
Jacob Stefan
Stevens Andrew J.
Tate Matthew R.
Akintola Olabode
DC Energy LLC
Glazier Stephen C.
K&L Gates LLP
Preston John O
LandOfFree
Computer system for an auction exchange for financially... 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 system for an auction exchange for financially..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Computer system for an auction exchange for financially... will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2623852