Method and apparatus for electronic trading of carrier cargo capacity
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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-
Mar 7, 2000
Grant Date -
N/A
app pub date -
Jul 14, 1998
filing date -
Jul 14, 1998
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A computer-implemented method for double auction trade-building by matching, based on feasibility and price/cost heuristics, a plurality of electronically posted bid with a plurality of electronically posted ask records. A one-pass sequential trade building method selects ask records one at a time and sequentially inserts, in one pass, as many of the bid records as possible while maintaining feasibility criteria. A two pass sequential trade building method inserts the bid records in two stages, the first terminating when the trade becomes feasible and the second when no further bids can be inserted.
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