System and methods for pricing and allocation of commodities or securities
US7647270B2 · kind B2 · utility
2Cited by
47References
17Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Jun 30, 2006 |
| Grant date | Jan 12, 2010 |
| Priority date | — |
| Expiry date | Nov 19, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for conducting an auction of securities on the Web. The system and methods provide a bid mechanism whereby bidders are rewarded for priority of anonymously revealing their bids and provide an allocation of the securities which allows winning bidders to pay a single market-clearing price that sells out the securities. In addition, the systems and methods allow all participants to monitor the auction in real time.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.