Methods and systems for trading permanent seat licenses
August 4, 2020. 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.Patent ReferencesAutomated securities trading system System for conducting and processing spot commodity transactions Method and system for processing and transmitting electronic auction information Computer method and system for intermediated exchange of commodities Method and apparatus for automated trade transactions processing Computer-implemented securities trading system with a virtual specialist function System and method for trading having a principal market maker Interactive securities trading system Method and apparatus for trading securities electronically Patent #: 6029146 InventorsAssigneeApplicationNo. 09632699 filed on 08/04/2000US Classes:705/37, Trading, matching, or bidding705/39Including funds transfer or credit transactionExaminersPrimary: Weisberger, RichardAttorney, Agent or FirmInternational ClassG06F 17/60AbstractA method of trading seat licenses over a computer network is provided whereby a seat license is listed for sale by a seller on a seat license exchange hosted by an intermediary, wherein the seat license exchange is conducted through a central computer over the computer network and the seat license is issued by an issuer and has an asking price determined by the seller. At least one bid for the seat license is received over the computer network from the bidder, wherein the bidder offering a first bid for the seat license, that is at least equal to the asking price thereof, is designated as the buyer of the seat license. A trade is thereafter initiated whereby the seat license listing is removed from the seat license exchange and a trade status is established. A title to the seat license is then directed from the seller and received by the intermediary. Concurrently, a remittance at least equal to the first bid is directed from the buyer and received by the intermediary. Upon receiving a final approval of the trade from the issuer, the trade is completed by directing the title to the seat license to the buyer, directing a first portion of the remittance to the intermediary, directing a second portion of the remittance to the seller, and notifying the issuer of the completion of the trade. Associated methods and systems are also provided.Other References
Field of SearchTrading, matching, or bidding | |
