Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2007-02-05
2009-10-27
Patel, Jagdish N (Department: 3693)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07610242
ABSTRACT:
Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
REFERENCES:
World of minerals: United Kingdom: Diamond futures. Industrial Minerals Nov. 1985 p. 15.
West Coast Commodity Exchange hold first diamond trading futures, N. Y. Times, Jan. 20, 1972.
Ennis, Thomas W; “Sugar Futures Up on Soviet Buying”, The New York Times, Jan. 5, 1972.
Hilip Pullela, “Vintage futures drinkers feeling pain despite scarcity” , South China Morning Post, p. 10, Mar. 8, 1998.
Shor Russell, Comex ‘very serious’ about diamond futures, (New York Commodities Exchange), Jeweler's Circular-Keystone, Apr. 1988.
Office Action for U.S. Appl. No. 10/281,166, entitled “Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items”, mail date Jul. 12, 2007.
Heaton Timothy H.
Lutnick Howard W.
BGC Partners, Inc.
Miller Mark A.
Patel Jagdish N
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