Patent ID: 7003486

Claim:
A multi-party trading system comprising: one or more trading agents computer, coupled to one or more trading partners computer that provide or consume trading elements, for representing the trading partners in an electronic exchange; one or more value managers computer, coupled to said one or more trading agents computer, each for storing and managing true values, the true values being defined by a trading partner to represent value of the trading elements as perceived by the trading partner; one or more trade manager computer, coupled to said one or more trading agents computer and receiving the true values from the value managers, for conducting trades at the electronic exchange, the trade manager receiving buyer true values from the trading agents representing buyers that consume one of the trading elements and seller true values from the trading agents representing sellers that provide the trading element, the trade manager generating a net value as a difference of the buyer true values and the seller true values; and one or more revenue manager, coupled to said one or more trade manager computer to receive the net value, for allocating the net value among the trading partners representing the buyers and the sellers, whereby the net value is allocated among buyers and sellers.