Electronic bartering system

Details Electronic bartering system Electronic bartering system

2006-01-31

2006-01-31

Backer, Firmin (Department: 3621)

Data processing: financial, business practice, management, or co

Electronic negotiation

C705S034000, C705S035000, C705S03600T, C705S037000

Reexamination Certificate

active

06993511

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).

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