Online trading method and system for distributed advertising and trading of securities transactions
OwnerSean Raimbeaultinventor
Life of this patent
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Abstract
A method and system to facilitate advertisements and transactions of financial securities that are not listed on public securities exchanges through a website. Examples of such securities include stocks, options, and bonds. Buyers and sellers interact directly with each other by private negotiation, thereby obviating the need for services of a securities broker or traditional securities exchanges. A computerized communications network, such as the Internet, is used as a security for implementing the transactions. A website is utilized to facilitate transactions directly between buyers and sellers.
Claims11
A computer implemented method for advertising and trading securities not listed on public exchanges directly between buyers and sellers by private negotiation, the method comprising:
- entering data descriptive of a securities into a host computer;
- entering a set of terms, conditions and rules applicable to a relevant category of securities sales;
- entering information related to securities;
- entering information related to securities issuers;
- entering an offer to sell securities for a specified price, quantity, and period of time;
- entering an offer to purchase securities for a specified price, quantity, and period of time;
- automatically calculating a suggested exchange value for the securities based, at least in part, on information associated with the securities, past and/or current offers for securities, and/or time remaining until the expiration of an offer to buy or an offer to sell;
- the host computer calculating a suggested exchange value for the securities based, at least in part, on information associated with the securities, past and/or current offers for securities, and/or time remaining until the expiration of an offer to buy or an offer to sell;
- the host computer configured for either the seller and/or the buyer to provide a final exchange offer for a securities;
- and, the host computer configured both seller and buyer to receive an indication of acceptance or rejection of a final proposed exchange.
A computer communications system for advertising and trading securities not listed on public exchanges directly between buyers and sellers by private negotiation, the system comprising:
- a computer communications server accessible with a network access device via a communications network;
- and executable software stored on the server and executable on demand via the network access device, the software operative with the server to:
- enter data descriptive of a securities relating to a proposed transaction into a host computer;
- present the date over a communications network;
- receive an offer to purchase securities into the host computer, wherein the offer is based on a sellers offer to sell;
- and ensure compliance of the transaction with a set of rules and procedures applicable to a relevant category of securities transactions.
A computer executable program code residing on a computer-readable medium, the program code comprising instructions causing the computer to:
- enter data descriptive of a securities relating to securities transaction into a host computer;
- present the data on a communications network;
- receive an offer to purchase securities on the host computer, wherein the offer is based on a seller's offer to sell;
- and ensure compliance of the securities transaction with a set of securities rules and procedures applicable to a relevant category of securities transactions.
A computer data signal embodied in a digital data stream comprising data including details of securities relating to a transaction, wherein the computer data signal is generated by a method comprising the steps of:
- entering data descriptive of a securities relating to a securities transaction into a host computer;
- presenting the data on a communications network;
- receiving an offer to assume a portion of the securities as part of a securities transaction into the host computer;
- ensuring compliance of the securities transaction with a set of securities rules and procedures applicable to a relevant category of securities transactions;
- and allocating the portion of the securities to a buyer submitting an acceptable offer for transactions.
A processor-implemented method for advertising and trading securities, the method comprising:
- receiving data into a host computer, wherein the data is descriptive of securities consisting of those entered into the system;
- presenting the data and a set of securities transaction terms on a website via the internet;
- receiving an offer from an user to purchase the securities as part of a securities transaction into the host computer, wherein the offer is based on a sellers offers to sell securities;
- receiving a set of user qualification data descriptive of an participant's securities characteristics;
- comparing the set of user qualification data to a set of qualification requirements;
- and ensuring compliance of a transaction with a set of securities rules and procedures applicable to a relevant category of securities.
Dependencies are inferred from the claim text.