Patent ID: 7149717
Filing Date: 2006-12-12
Classification: G06Q

Abstract:
1. A method to effectuate multiple transaction prices for a commodity, which is carried out by an exchange server, wherein transaction prices are always equal to common prices submitted by both buyers and sellers, comprising the steps of: (A) receiving a packet of trading requests that comprises at least one trading request, wherein a remote trader who is a buyer or seller, can optionally indicated a plurality of matching priority parameters, and must indicate a commodity symbol, a price number, a buy or sell decision, and a quantity to be traded; (B) generating pairing elements after validating each trading request of said packet and attaching a sequence number to each validated trading request; (C) pairing the pairing elements in a matching table, said pairing step further comprising the steps of: (D) matching on each matching table pairing elements of a short side with the pairing elements of the long side, further comprising the steps of: (E) displaying effectuated multiple transaction prices and corresponding matched and unmatched quantities in tabular data or charts, wherein a price distribution of a commodity and distributions of several market indices can be directly observed by remote traders, wherein said steps (a) through (E) are preceded by a setup step of establishing an account profile database containing traders' account information, a transaction price database containing a plurality of predetermined price numbers, a commodity symbol database containing a plurality of the symbols of predetermined trading commodities, a matching priority parameter database containing a plurality of predetermined matching priority parameters, and a matrix of matching tables indexed by predetermined price numbers and commodity symbols, wherein validated trading requests of same submitted price and commodity symbol are to be gathered and matched.