Patent ID: 7277868
Filing Date: 2007-10-02
Classification: G06Q

Abstract:
1. A computer-implemented method for directing a computer system to support a trade of securities, the method comprising: storing a record of a public offering of a new set of securities, the record containing a suggested offering price of the securities and a subscription period of the public offering; processing electronically and without manual intervention in a computer system buying and selling orders for the securities in a secondary market; identifying electronically and without manual intervention a trade price at which the buying and selling orders have been executed in the secondary market; determining electronically and without manual intervention whether the identified trade price is below the suggested offering price; checking electronically and without manual intervention whether the present date and time are within the subscription period; placing electronically and without manual intervention a buying order in a computer system at the suggested offering price, when said determining has revealed that the trade price is below the suggested offering price, and only when said checking has determined that the present date and time are within the subscription period; and repetitively placing electronically and without manual intervention an additional buying order for a predetermined quantity at the suggested offering price at predetermined intervals, after the buying order has been placed.