Method and system for exchanging commodities online

Details Method and system for exchanging commodities online Method and system for exchanging commodities online

2001-08-03

2009-11-24

Felten, Daniel S (Department: 3696)

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

Automated electrical financial or business practice or...

Finance

C705S035000, C705S03600T, C705S038000, C705S039000

Reexamination Certificate

active

07624061

ABSTRACT:
A method of providing a best bid and a best offer to a buyer, including receiving one or more offers to sell a commodity according to a predetermined contract at one or more specified prices. The specified prices are adjusted based on shipping costs associated with a destination specified by the buyer. A best offer is determined from the adjusted prices. A source location is determined corresponding to the best offer price. One or more bids are received to purchase the commodity. A best bid is determined corresponding to the source location. The best bid is adjusted based on the shipping cost between the source location and the destination and the adjusted best bid and the best otter are transferred to the buyer over a computer network for display by a networked host.

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