Method and system for decentralized order matching among individual marketplaces
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United States of America Patent
Stats
-
N/A
Issued Date -
Aug 8, 2002
app pub date -
Feb 5, 2001
filing date -
Feb 5, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method and system are described for decentralized order matching among multiple different, individual marketplaces. An order is first received within one of the individual marketplaces, an originating marketplace. Information about the order is then transmitted to other individual marketplaces. Each of the individual marketplaces which received the information about the order, the receiving marketplaces, then determines whether that individual marketplace can match the order with at least one matching order posted in the receiving marketplace's order book. In response to a determination that one of the receiving marketplaces can match the received order, the received order is cleared from the originating marketplace and the matching order is cleared from the receiving marketplace's order book.
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