Method and platform for facilitating competitive virtual securities trading
US8612328B2 · kind B2 · utility
Inventors
Key dates
| Filing date | Feb 24, 2009 |
| Grant date | Dec 17, 2013 |
| Priority date | — |
| Expiry date | Apr 10, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method for providing a trading platform over the Internet or other network that allows users to participate in competitive virtual trading of securities and/or derivatives, wherein the monetary returns of the participants are based on their relative performances. All of the participants must register and deposit monies in an account with the trading platform provider. The platform provider will control the crediting and debiting of each account based on the results of each competition. In a competition, the securities and/or derivatives are traded at market prices, including but not limited to over-the-counter spot prices on different assets such as currencies, indices, commodities, stocks and exchange-traded funds (ETFs), but instead of calculating the returns of the participants according to their absolute results (which means the summation of gains and losses for all the transactions that the participant executed within a period of time), the returns of a participant will be based on the difference between his and his rival's absolute results.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.