Patent ID: 8306869
Filing Date: 2012-11-06
Classification: G06Q

Abstract:
1. A method of managing a sale of a commodity, the method comprising: providing, by a first processor, over a network, respective prices for bundled products to respective second processors of each of a plurality of respective bidders, wherein each respective price is provided to a respective second processor, each bundled product comprising the commodity and a respective financial instrument to indemnify against loss associated with at least one risk related to purchase of the commodity; displaying to each respective bidder the respective price for the respective bidder, by a respective display coupled to each respective second processor; receiving, by the first processor, via the network, bids for respective bundled products from at least some of the respective second bidders; determining, by the first processor, which of the bidders exceeds their respective price by a greater amount; and selling the respective bundled product to the respective bidder who exceeds their respective price by the greatest amount.