System and method for generating market pricing information for non-fungible items
December 22, 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 References 1927702 3581072 Cost optimization system for supplying parts 5117354 Apparatus for communicating price changes including printer and display devices Automated manufacturing costing system and method System and method for automatic updating and display of retail prices Proxy asset data processor Method of recovering the real value of a stock from the stock pricing data Proxy asset data processor Patent #: 6513020 InventorAssigneeApplicationNo. 09745979 filed on 12/22/2000US Classes:705/20, Price look-up processing (e.g., updating)705/10Market analysis, demand forecasting or surveyingExaminersPrimary: Weisberger, R. C.Attorney, Agent or FirmInternational ClassG06Q 20/00AbstractA system for generating market pricing information for a non-fungible target item includes one or more databases containing historical pricing information for at least one reference item, historical pricing information for at least the target item, and market pricing information for at least the reference item. A pricing engine determines a pricing differential between the target item and the reference item that reflects historical pricing information for the target and reference items. The pricing engine applies the pricing differential to the market pricing information for the reference item to generate market pricing information for the target item. The market pricing information for the reference item may include a substantially real-time current market price for the reference item, and the market pricing information for the target item may be generated in the form of a substantially real-time current market price quote for the target item for communication to a market participant. | |
