Patent ID: 8401923

Claim:
A method for exchange of tickets, the method comprising: electronically receiving, using a computer based processing system, a plurality of offers from a plurality of participant devices of a plurality of participants, each offer comprising a plurality of parameters related to the offer, including an identification of a ticket to be offered and an identification of a system of record for the ticket, wherein each system of record is remote from the computer based processing system and is controlled by a ticket issuing authority that records official ownership of tickets; storing the plurality of offers in an electronic database; matching, using the computer based processing system, a first offer from the plurality of offers and a second offer from the plurality of offers based on the parameters of the plurality of offers; and executing, using the computer based processing system, an exchange of the tickets identified in the first offer and the second offer, based on the parameters of the first offer and the second offer, wherein executing the exchange comprises: electronically notifying each of the participants of the first offer and the second offer; locking the first offer and the second offer in the electronic database; sending an electronic request to a first system of record and a second system of record, different from the first system of record, wherein the electronic request instructs each of the first and the second systems of record to execute the exchange; and in response to at least the first and the second systems of record updating official ownership of one or more tickets identified in the first offer and the second offer, notifying each of the participants of the first offer and the second offer that the exchange is complete.