Method and system for facilitating opportunistic transactions using auto-probes
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United States of America Patent
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Aug 17, 2004
Grant Date -
N/A
app pub date -
Mar 17, 1999
filing date -
Mar 17, 1999
priority date (Note) -
Expired
status (Latency Note)
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Abstract
An automated internet based exchange system is described for controlling the exchanging of ownership interests in objects on a secondary market. The automated exchange includes one or more sub-exchanges for maintaining information representative of secondary market transactions and for controlling said transactions. The automated exchange includes a secondary portfolio auction sub-exchange, a pricing and valuation services sub-exchange, an electronic contract negotiation services sub-exchange and a delivery and auditing service sub-exchange. The automated exchange also includes a logic switch manager that creates opportunistic auctions from a transaction for a product or service so as to trigger further auctions or service sales on the same or different secondary markets.
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