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163 results about "Electronic communication network" patented technology

An electronic communication network (ECN) is a type of computerized forum or network that facilitates the trading of financial products outside traditional stock exchanges. An ECN is generally an electronic system that widely disseminates orders entered by market makers to third parties and permits the orders to be executed against in whole or in part. The primary products that are traded on ECNs are stocks and currencies. ECNs are generally passive computer-driven networks that internally match limit orders and charge a very small per share transaction fee (often a fraction of a cent per share).

Automated fixed income trading

InactiveUSH2064H1Facilitate fixed income security trading activityFacilitate fixed income security trading activitiesFinanceSpecial data processing applicationsCombined useComputerized system
A method and system is provided for automated trading of fixed income securities which enables institutional investors, broker dealers and others, to transact directly and anonymously for the purpose of trading investment grade, high yield corporate bonds, municipal bonds or other fixed income securities. A financial institution acting as a Fixed Income Securities system sponsor can act as counterparty to transactions, from trade execution through settlement, and can also serve as a credit intermediary. Computer systems are utilized in conjunction with an electronic communications network to facilitate such fixed income security trading activities. Software routines can direct a trader to various fixed income securities available according to specific criteria put forth by the trader. Software routines can also provide information and services related to the automated trading of fixed income securities. Data relating to trading a fixed income security is transmitted from a Fixed Income Trading (FIT) system and information relating to the sale of a fixed income security is received. A live order, based upon the sale information received, can then be executed or transmitted to a point of execution. The live order provides that the FIT system acts as counterparty to each transaction such that a client trader can remain anonymous to a party on the other side of a trade. In this manner, a first trade can be executed between a party selling a fixed income security and the FIT system, and a second trade can be executed between the FIT system and a party purchasing the fixed income security. In addition, the FIT system operators can commit to market liquidity for the fixed income security traded. Numerous types of fixed income securities can be traded, including investment grade, high yield corporate bonds, municipal bonds or other types of securities.
Owner:GOLDMAN SACHS & CO LLC

Fully integrated on-line interactive purchasing club incorporating extremely rapid fulfillment

A method for implementing a computer-based product purchase and fulfillment club is disclosed, comprising the steps of designating one or more geographic club member areas; associating with each such club member area one or more consumer members who reside within the club member area and who must agree to pay a membership fee to the club; associating with each such club member area one or more buyer members who must be prepared to work within the club member area and who must agree to pay a membership fee to the club; associating with each such club member area one or more retailer members who must offer products for sale within the club member area and who must agree to pay a membership fee to the club; providing means through an electronic communications network for the consumer members, buyer members and retailer members to access a club web site specific to the club member area and to interact with the club web site; providing means through an electronic communications network for the consumer members, buyer members and retailer members to each access an individual member web page located on the club web site and personalized using parameters specific to each such consumer member, buyer member and retailer member; providing means through software programming for the retailer members to offer one or more products for sale on the club web site to the consumer members; providing means through software programming for the consumer members to purchase products offered for sale on the club web site; providing means through software programming for the buyer members to be notified of purchases made by the consumer members and to offer to the retailer members to fulfill the purchases; and fulfilling the purchases by having the buyer members buy the products from the retailer members, deliver the products to the consumer members to a location within the club member area within approximately thirty (30) minutes of the purchase, and collect a payment from the consumer members.
Owner:CHERRY RICHARD SUTTON

Intelligent system and method for managing and scheduling taxis

InactiveCN102682593ASolve the problem of deliberate detourReduce transportation expensesRoad vehicles traffic controlWired communicationDriver/operator
The invention discloses an intelligent system for managing and scheduling taxis, which comprises a server system for managing and scheduling the taxis, taxi-mounted terminals, passenger terminals, a location satellite, a yellow page database, a wireless communication network charging system, a wired communication network charging system and a public electronic communication network, wherein electronic communication among the server system, the taxi-mounted terminals, the passenger terminals, the location satellite, the yellow page database, the wireless communication network charging system, the wired communication network charging system and the public electronic communication network is used for managing and scheduling the taxis. The initial states of the taxis which are controlled by the server system are states of waiting to be provided with transporting services, and the initial state of one taxi subjected to site stopping, telecommunications ordering and relevant operations of a taxi driver becomes setting, leaving for a place of waiting, transporting service (cooperation), transporting service (individual), out of service, waiting for carrying passengers on the way, transporting of on-the-way passengers (cooperation), transporting of on-the-way passengers (individual) and the like. Under the condition that the taxi is in the state of transporting service (cooperation) or transporting of on-the-way passengers (cooperation) and the taxi is not filled with the passengers, cooperation transporting service or cooperation on-the-way passenger transportation that the quantity of the passengers is not more than the vacancy can also be accepted.
Owner:舒方硕
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