Method and apparatus for electronic trading of carrier cargo cap

Details Method and apparatus for electronic trading of carrier cargo cap Method and apparatus for electronic trading of carrier cargo cap

1998-07-14

2000-03-07

MacDonald, Allen R.

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

Automated electrical financial or business practice or...

Finance

705 35, 705 36, 709214, G06F 1760

Patent

active

060352892

ABSTRACT:
A computer-implemented method for double auction trade-building by matching, based on feasibility and price/cost heuristics, a plurality of electronically posted bid with a plurality of electronically posted ask records. A one-pass sequential trade building method selects ask records one at a time and sequentially inserts, in one pass, as many of the bid records as possible while maintaining feasibility criteria. A two pass sequential trade building method inserts the bid records in two stages, the first terminating when the trade becomes feasible and the second when no further bids can be inserted.

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`Wal-Mart Streamlijnes Transportation Bidding Process with the SABRE Froup's Decision-Support Software; Wal-Mart Realizes Multimillion Dollar Savings With OptiBid`, PR Newswire, p825DAW033, Aug. 25, 1998.
Burke, Gibbons, `Reuters interruptus: GLOBEX test suffers setback. (electronic trading system)`, Futures (Cedar Falls, Iowa), v21, n5, p.12 (1), Apr. 1992.
Stedman, Craig, `Shipping service keeps users truckin`, Computerworld, p. 39 & 41, Jun. 24,1996.

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