System for trading commodities and the like
a commodity and commodity trading technology, applied in the field of commodities trading system, to achieve the effect of improving the liquidity of commodities transactions between various exchanges and users
Pending Publication Date: 2008-09-04
TRADECAPTURE OTC
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- Application Information
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Benefits of technology
[0008]The system for trading commodities and the like in accordance with the principles of the present invention provides trading in an Internet-driven environment that enables various exchanges to create and share commodities within a unified database. The present invention provides a system for trading commodities and the like. A computer, a communications link between the computer and the Internet, and a database, accessible by the computer, are provided. The database includes a plurality of user files. Each of the user files corresponds to a specified user of the system. Each of the user files contains exchange permissions corresponding to exchanges to which the specified user may access. At least one computerized exchange transacts specified commodities executing on the computer accessible by selected users having proper exchange permissions for each exchange. A display is provided for pooling liquidity that permits users to post and view bids and offers and negotiate and consummate transactions on common commodities from one or more groups or exchanges. By such liquidity pooling, the liquidity of transactions of commodities between various exchanges and users is improved.
Problems solved by technology
However, when multiple groups form a major problem occurs as liquidity is thus divided up or spread out amongst the groups.
Method used
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Embodiment Construction
[0052]FIG. 1 depicts a system 10 for trading commodities and the like in accordance with the principles of the present invention. The system 10 includes a computer 12 and a communications link 14 between the computer 12 and the users 16 of the system. The computer 12 may be any type of computing device capable of performing the functions described herein. For example, the computer 12 may be a personal computer, minicomputer, mainframe, supercomputer, web server or any combination thereof. The communications link 14 may take any suitable form that permits communication between the users 16 and the computer 12, such as for example direct-dial modem, DSL, satellite or hardwire connection. Preferably, the communications link 13 comprises an appropriate connection between the computer 12 and the Internet and software executing on the computer 12 for operating and maintaining an interactive website for facilitating communication between the computer 12 and users 16. Users 16 of the system...
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The present invention provides a system for trading commodities and the like. A computer, a communications link between the computer and the Internet, and a database, accessible by the computer are provided. The database includes a plurality of user files. Each of the user files corresponds to a specified user of the system. Each of the user files contains exchange permissions corresponding to exchanges to which the specified user may access. At least one computerized exchange transacts specified commodities executing on the computer accessible by selected users having proper exchange permissions for each exchange. A display is provided for pooling liquidity that permits users to post and view bids and offers and negotiate and consummate transactions on common commodities from one or more groups or exchanges. By such liquidity pooling, the liquidity of transactions of commodities between various exchanges and users is improved.
Description
CROSS-REFERENCE TO RELATED PATENT APPLICATIONS[0001]This application is a continuation-in-part of U.S. patent application Ser. No. 09 / 764,574 filed 18 Jan. 2001, which claims benefit of U.S. Provisional Patent Application Ser. No. 60 / 177,275 filed 21 Jan. 2000.FIELD OF THE INVENTION[0002]The invention relates to a system for trading commodities and the like over the Internet.BACKGROUND OF THE INVENTION[0003]The commodities market is a constantly evolving market covering a wide variety of tradable goods. There are three basic segments of the commodities market: agricultural, natural resources, and financial instruments. The agricultural segment is a broad segment covering everything from grains, such as corn and wheat, to oils and meal, such as soybeans and sunflower seed oil, to livestock such as live cattle and pork bellies. The agricultural segment also includes forest products, such as lumber and plywood, textiles such as cotton, and foodstuffs such as coffee and sugar. The natur...
Claims
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CPCG06Q40/04
InventorANNUNZIATA, VINCENT P.
OwnerTRADECAPTURE OTC