Systems and methods for trading and originating financial products using a computer network
AssigneeThe Debt Exchange, Inc.
InventorsThomas R. Goodwin, J. Kingsley Greenland, II, Bruce K. Hounsell, William J. Jakubowski
Life of this patent
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Abstract
The invention relates to systems and methods for trading products and services over a computer network, such as the Internet. In one embodiment, the invention provides a method for trading financial products over a computer network. The system ranks buyers based on the likelihood that they will bid on the products being offered. The system can track the users by certain user information, as well as block a certain user's access to the system based on the user's information.
Claims18
A computerized system for trading financial products between at least one buyer and at least one seller, comprising:
- detailed financial product information;
- buyer activity information for each buyer, comprising:
- information of a frequency with which said buyer has accessed said computerized system, information of a frequency with which buyer has viewed said financial product, and information of whether said buyer has viewed detailed information about said financial product;
- and
- historical information for each of said buyers, comprising:
- the number of other financial products that said buyer has bid on previously, the number of winning bids from said buyer for other financial products;
- and
- a ranking determined for each buyer relating to the likelihood that said buyer will bid on said financial product, said ranking determined based on said buyer activity information and said buyer historical information.
A computerized system for trading financial products between at least one buyer and at least one seller, comprising:
- user information for at least one buyer;
- a bid likelihood indicator for the buyer based on the buyer's likelihood of entering a bid on a financial product;
- a range of prices that said buyer would be willing to bid for said financial product;
- and
- a market assessment for each of said financial products determined based on the number of buyers whose likelihood of bidding on said financial product exceeds a predetermined threshold.
Dependencies are inferred from the claim text.