Patent ID: 7814000

Claim:
A method of effecting a targeted auction on a computing system, comprising the steps of: (a) electronically receiving, into said computing system, data including confidential information regarding market participants; (b) electronically storing, in said computing system, said received data regarding market participants; (c) electronically receiving, into said computing system, information including a first order from a first market participant computer; (d) electronically storing, in said computing system. said information received from said first market participant computer; (e) producing, in said computing system, a targeted dissemination list of market participants comprising a second market participant and a third market participant, based on said stored data regarding market participants and said information received from said first market participant computer; (f) electronically transmitting, from said computing system to the market participants on said targeted dissemination list, data based on said information received from said first market participant computer; (g) electronically receiving, into said computing system, an order from said second market participant; (h) checking, in said computing system, order parameters for possible matching and execution of said second market participant's order against said first order; (i) electronically receiving, into said computing system, an order from a third market participant in response to said transmitted data; (j) checking, in said computing system, order parameters for possible matching and execution of said third market participant's order against said first order; (k) conducting, in said computing system, an electronic auction among orders including said orders received in response to said transmitted data; and (l) electronically transmitting the status of orders from said computing system to the respective market participants who initiated them.