Method and apparatus for providing a market environment

Details Method and apparatus for providing a market environment Method and apparatus for providing a market environment

2006-09-13

2010-12-14

Badii, Behrang (Department: 3694)

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

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T, C705S027200, C709S223000

Reexamination Certificate

active

07853514

ABSTRACT:
The system provides two-sided local markets that enable local and/or intermittent resource allocation through a market model. The system provides a method for defining goods, services or assets are to be exchanged among a large but limited number of participants (e.g. between 10 and 100). In one embodiment, all participants may have both needs and endowments of the goods, services and assets to be traded and who may at times want to simultaneously buy and sell multiple units. Alternatively the market may have participants who are either sellers or buyers. The system provides a market mechanism where participants can submit orders (through limit orders and market orders) in user defined time frames.

REFERENCES:
patent: 2002/0010673 (2002-01-01), Muller et al.
patent: 2003/0126245 (2003-07-01), Feltin et al.
patent: 2003/0204448 (2003-10-01), Vishik et al.
IBM Brings Wireless and Realtime Technology to E-Markets, May 16, 2000; Business Wire, Business/Technology Editors, p. 1461.

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