Patent ID: 7739174
Filing Date: 2010-06-15
Classification: G06Q

Abstract:
1. A method for handling a price inquiry via at least one market process operating on a computer, wherein the price inquiry identifies an item for trading, the method comprising: automatically performing, via a computer, auction mode discovery for the item at a market provided by the at least one market process, wherein the market process has an order book of prices for trading the item that is published to a plurality of trading processes that are participating in the market, the item having a book buy price that is the highest price in the order book for buying the item and a book sell price that is the lowest price in the order book for selling the item, and wherein the amount mode discovery comprises: if a response with an improved price is received from a trading process in the set of trading processes, automatically acting upon the price inquiry by treating the price inquiry and the response as orders for the item and pairing the price inquiry with the response for execution in accordance with the received improved price.