System and method for IP bandwidth trading
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United States of America Patent
Stats
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Jun 26, 2007
Grant Date -
Mar 4, 2004
app pub date -
Sep 25, 2003
filing date -
Aug 29, 1997
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A method and system for trading IP bandwidth in an exchange environment. Participating members of the exchange register their IP route destinations with the exchange. The exchange collects buy and sell orders, which include parameters such as the desired destination, price and quality of the routes. The buy and sell orders are matched based on the specified parameters, and lists of matched orders are forwarded to members' routers for execution of the trades. The exchange settles the executed trades by issuing invoices in accordance with the buyer members' usage of the bandwidth offered by the seller members.
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