Negotiated matching system

Patent 5924082 Issued on July 13, 1999. Estimated Expiration Date:

July 13, 2016. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.

Abstract Claims Description Full Text

Patent References

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Inventors

Assignee

Geneva Branch of Reuters Transaction Services Limited

Application

No. 475499 filed on 06/07/1995

US Classes:

705/37, Trading, matching, or bidding705/35Finance (e.g., banking, investment or credit)

Examiners

Primary: Cosimano, Edward R.

Attorney, Agent or Firm

Banner & Witcoff, Ltd.

Foreign Patent References

0 512 702 A2 EP. 11/13/1992
1489571 GB. 10/13/1974
2 275 296 GB. 09/13/1994
2 275 297 GB. 09/13/1994
2 275 298 GB. 09/13/1994
2 277 177 GB. 10/13/1994
2 277 178 GB. 10/13/1994
2 277 389 GB. 10/13/1994

International Class

G06F 017/60

Foreign Application Priority Data

1994-08-17 GB

Abstract

A negotiated matching system includes a plurality of remote terminals associated with respective potential counterparties, a communications network for permitting communication between the remote terminals, and a matching station. Each user enters trading information and ranking information into his or her remote terminal. The matching station then uses the trading and ranking information from each user to identify transactions between counterparties that are mutually acceptable based on the ranking information, thereby matching potential counterparties to a transaction. Once a match occurs, the potential counterparties transmit negotiating messages to negotiate some or all terms of the transaction. Thus, the negotiated matching system first matches potential counterparties who are acceptable to each other based on trading and ranking information, and then enables the two counterparties to negotiate and finalize the terms of a transaction.

Other References

"Flying High with Financial Databases," Donald P. Mazzella, Wall Street Computer Review, Jun. 1985, pp. 36-44
"The Computer That Ate Chicago," Saul Hansell, Institutional Investor, Feb. 1989, pp. 180-188
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