Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Patent
1997-12-17
2000-03-07
Stamber, Eric W.
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
G06F 1760
Patent
active
060352876
ABSTRACT:
The present invention allows market participants to exchange bundles of assets, including assets in different asset classes. A market participant may value the bundle as an entity, alleviating the need to attempt to attain a value objective in the aggregate by valuing and trading assets individually. A bundle of assets to be traded is entered, wherein proportions of each asset to be traded in units of a specified bundle size are provided by the market participant. Assets to be acquired by one market participant are matched against the same asset which other market participants are seeking to dispose. An exchange of bundled assets among market participants, in units of the bundles themselves is effected when the exchange satisfies a predetermined set of criteria.
REFERENCES:
patent: 4412287 (1983-10-01), Braddock, III
patent: 4674044 (1987-06-01), Kalmus
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: 5689652 (1997-11-01), Lupien et al.
patent: 5845266 (1998-12-01), Lupien et al.
Fan, et al., Creating Electronic Markets; Dr. Dobb's Journal; Nov. 1998; 5 pages.
Kalakota, et al.; Worldwide Real-Time Decision Support Systems for Electronic Commerce Applications; Journal of Organizational Computing and Electronic Commerce 6(1), 11-32 (1996); 22 pages; University y of Texas; Austin, Texas.
R.M. Miller; On Distributing the Intelligence of Economic Process; IFAC Economics and Artificial Intelligence; 1986; 2 pages; Aix-en-Provence, France.
Adams et al., "Commodity Bundling and the Burden of Monoploy," The Quarterly Journal of Economics vol. XC, 475-498 (1976).
Brewer et al., "A Binary Conflict Ascending Price (BICAP) Mechanism for the Decentalized Allocation of the Right to Use Railroad Tracks," Social Science Working Paper 887, California Institute of Technology, Division of the Humanities and Social Sciences, Pasadena, California (Feb. 1995).
Goodwin, Richard M., "Iteration, Automatic Computers, and Economic Dynamics," Metroeconomica vol. III, pp. 1-7, (Apr. 1951).
Levin, Jonathan, "An Optimal Auction for Complements," Games and Economic Behavior vol. 18, 176-192 (1997).
McAfee et al., "Multiproduct Monopoly, Commodity Bundling, and Correlation of Values," The Quarterly Journal of Economics 371-383 (May 1989).
Gjerstad et al., "Price Formation in Double Auctions," pp. 1-32 (Apr. 7, 1997).
McAfee et al., "Analyzing the Airwaves Auction," Journal of Economic Perspectives vol. 10, No. 1, 159-175 (Winter 1996).
Weber, Bruce W., "Transparency and Bypass in Electronic Financial Markets," Proceedings of the Twenty-Seventh Annual Hawaii International Conference on System Sciences, pp. 865-874 (1994).
Domowitz et al., "Auctions as algorithms," Journal of Economic Dynamics and Control vol. 18, pp. 29-60 (1994).
Radosevich, Lynda, "Wired," Webmaster, pp. 26-31 (Feb. 1997).
Branco, Fernando, "Designing Markets: on the Use of Combinational Bids in Multi-object Auctions," pp. 1-25 (May 1997).
McAfee et al., "Electronic Markets" in Readings in Electronic Commerce, pp. 293-309 (Addison Wesley Longman, Inc. 1997).
Hill et al., "Equity Trading, Program Trading, Portfolio Insurance, Computer Trading and All That," Financial Analysts Journal, pp. 29-35 (Jul.-Aug. 1988).
Rubinstein, Mark, "Market Basket Alternatives," Financial Analysts Journal, pp. 20-29 (Sep.-Oct. 1989).
McCabe et al., "Designing `Smart` Computer-Assisted Markets: An Experimental Auction for Gas Networks," Journal of Political Economy vol. 5, pp. 259-283 (1989).
Rassenti et al., "A combinatorial auction mechanism for airport time slot allocation," The Bell Journal of Economics, vol. 13, pp. 402-417 (1982).
Domowitz, Ian, "The Mechanics of Automated Trade Execution Systems," Journal of Financial Intermediation vol. 1, pp. 167-194 (1990).
Rothkopf et al., "Computationally Manageable Cominatorial Auctions," pp. 1-26, Rutgers University (Dec. 1995).
Bikhchandani et al., "Competitive Equilibrium in an Exchange Economy with Indivisibilities," Journal of Economic Theory vol. 74, pp. 385-413 (1997).
Graves Glenn William
Stallaert Jan
Whinston Andrew Bernard
Meinecke-Diaz Susanna
Newberger Barry S.
Omega Consulting, Inc.
Stamber Eric W.
LandOfFree
Method and apparatus for bundled asset trading does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Method and apparatus for bundled asset trading, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Method and apparatus for bundled asset trading will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-372333