US Patent No: 5,724,524

Number of patents in Portfolio can not be more than 2000

Method and system for listing, brokering, and exchanging carrier capacity

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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The invention is a method and system for listing and brokering a commodity and its financial derivatives. The method identifies a plurality of characteristics of a particular commodity, and then enters those characteristics into the database of a data processing system utilizing a real-time clock. An exchange market for the commodity is established based upon a pre-selected set of its characteristics; and, after a market price for the commodity has been set, a class (or classes) of financial derivatives is established together with a financial exchange market for those derivatives. The characteristics of the derivatives comprise: a common descriptive link between varied commodity types; a contract length that runs from the purchase date of the contract to the performance date for the commodity; and, a contract price. The system of the subject invention comprises a number of elements which include: data processing means; means for determining whether a match exists based upon a comparison of the commodity offered for sale and that requested for purchase or exchange; display means; means for selecting the matched entry for purchase and/or exchange; and means for determining and selecting a class of financial derivatives. The data processing means of the system, in turn, further comprises a system controller which is further comprised of: a data processing system; data entry means; memory means; and, communication means for communicating data between the system controller and a plurality of input and output points.

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Patent Owner(s)

Patent OwnerAddressTotal Patents
PITNEY BOWES INC.STAMFORD, CT2778

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hunt, William M Shelton, CT 5 354
Levitsky, Paul A Bridgeport, CT 5 289

Cited Art Landscape

Patent Info (Count) # Cites Year
 
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5,428,606 Digital information commodities exchange 481 1993

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
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Other [Check patent profile for assignment information] (5)
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