Patent US5118910A successfully refreshed from Google Patents.
Patent US6014643A successfully refreshed from Google Patents.
US6014643A
Expired / Lapsed
US
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Interactive securities trading system
Assignee: Individual
•
Filing: 1996-08-26
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Granted: 2000-01-11
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Expires: 2016-08-26
Abstract
Abstract A first individual enters an offer to sell a security on a first data processing system. This offer is sent to a server over a communication network which is available to the public. From the server, the offer is transmitted to additional data processing systems which are connected to the publicly-available communication network. The first user's offer is eventually sent to a second data processing system, where a second individual enters an acceptance to the first user's offer to sell a security. This second user's acceptance is then transmitted back to the server over the publicly-available communication network. Upon the arrival of the acceptance, an account belonging to the second user is debited for the amount of the security just purchased, and the second user obtains title to the securities.
Inventors
- 👤 Vernon F. Minton
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-10-26 20:20
CPC Classifications
G; G06; G06Q; G06Q30/00; G06Q30/04; G06Q20/00; G06Q20/08; G06Q20/10; G06Q20/102; G06Q30/06; G06Q30/0601; G06Q30/0611; G06Q40/00; G06Q40/03; G06Q40/06
Claims Analysis
Total Claims: 6
Claim 1
Independent Claim
183 words
A method for trading securities between individuals, comprising: entering an offer of a first individual to trade a security on a first data processing system; transmitting the offer to additional data processing systems, including a second data processing system, over a public communication network; entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer; executing a trade of the security based on information contained in the offer for consideration specified in the reply to the offer, whereby the security is traded efficiently between the first individual and the second individual; transmitting to the second data processing system additional offers to trade in the security formed by additional individuals; ranking the offer formed by the first individual and the additional offers formed by the additional individuals according first to a price value, then secondly, according to a quantity value; and displaying the offer formed by the first individual and the additional offers by the additional individuals according to the ranking step on a graphical user interface on the second data processing system.
Claim 2
Independent Claim
183 words
A method for trading securities between individuals, comprising: entering an offer of a first individual to trade a security on a first data processing system; transmitting the offer to additional data processing systems, including a second data processing system, over a public communication network; entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer; executing a trade of the security based on information contained in the offer for consideration specified in the reply to the offer, whereby the security is traded efficiently between the first individual and the second individual; transmitting to the second data processing system additional offers to trade in the security formed by additional individuals; ranking the offer formed by the first individual and the additional offers formed by the additional individuals according first to a price value, then secondly, according to a quantity value; and displaying the offer formed by the first individual and the additional offers by the additional individuals according to the ranking step on a graphical user interface on the second data processing system.
Claim 3
Dependent Claim
68 words
The method as described in claim 1, wherein the step of entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer, includes: using a pointing device to select the offer formed by the first individual from among the additional offers formed by the additional individuals from the graphical user interface on the second data processing system.
Claim 4
Dependent Claim
240 words
A network for trading securities between individuals, comprising: entering means for entering an offer of a first individual to trade a security on a first data processing system; transmitting means for transmitting the offer to additional data processing systems, including a second data processing system, over a public communication network; entering means for entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer; executing means for executing a trade of the security based on information contained in the offer for consideration specified in the reply to the offer, whereby the security is traded efficiently between the first individual and the second individual; transmitting means for transmitting the offer to a server after the first individual forms the offer; obtaining means for obtaining approval of the offer by a broker before the offer is transferred to the second individual; transmitting means for transmitting to the second data processing system additional offers to trade in the security formed by additional individuals; ranking means for ranking the offer formed by the first individual and the additional offers formed by the additional individuals according first to a price value, then secondly, according to a quantity value; and displaying means for displaying the offer formed by the first individual and the additional offers by the additional individuals according to the ranking step on a graphical user interface on the second data processing system.
Claim 5
Dependent Claim
240 words
A network for trading securities between individuals, comprising: entering means for entering an offer of a first individual to trade a security on a first data processing system; transmitting means for transmitting the offer to additional data processing systems, including a second data processing system, over a public communication network; entering means for entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer; executing means for executing a trade of the security based on information contained in the offer for consideration specified in the reply to the offer, whereby the security is traded efficiently between the first individual and the second individual; transmitting means for transmitting the offer to a server after the first individual forms the offer; obtaining means for obtaining approval of the offer by a broker before the offer is transferred to the second individual; transmitting means for transmitting to the second data processing system additional offers to trade in the security formed by additional individuals; ranking means for ranking the offer formed by the first individual and the additional offers formed by the additional individuals according first to a price value, then secondly, according to a quantity value; and displaying means for displaying the offer formed by the first individual and the additional offers by the additional individuals according to the ranking step on a graphical user interface on the second data processing system.
Claim 6
Dependent Claim
68 words
The network as described in claim 3, wherein the entering means for entering a reply of a second individual on the second data processing system, wherein the reply is in response to the offer, includes: a pointing device to select the offer formed by the first individual from among the additional offers formed by the additional individuals from the graphical user interface on the second data processing system.
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USPTO Annuity & Maintenance Windows
| Annuity Stage | Window Opens | Payment Deadline | Surcharge Period Until | Estimated Fee | Status |
|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2003-01-10 | 2003-07-12 | 2004-01-11 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2007-01-10 | 2007-07-12 | 2008-01-11 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2011-01-10 | 2011-07-12 | 2012-01-11 | $7700.00 | Window Closed / Lapsed |