Invention Grant
- Patent Title: System and methods for pricing and allocation of commodities or securities
- Patent Title (中): 商品或证券定价和分配的制度和方法
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Application No.: US11479134Application Date: 2006-06-30
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Publication No.: US07647270B2Publication Date: 2010-01-12
- Inventor: Michael H. Evelyn , Robert S. Goldberg , Jordan M. Hayes , Cliff M. Gerrish , Othar Hansson , Charles A. Ocheret
- Applicant: Michael H. Evelyn , Robert S. Goldberg , Jordan M. Hayes , Cliff M. Gerrish , Othar Hansson , Charles A. Ocheret
- Applicant Address: US CA San Francisco
- Assignee: W.R. Hambrecht + Co., LLC
- Current Assignee: W.R. Hambrecht + Co., LLC
- Current Assignee Address: US CA San Francisco
- Agency: Sunstein Kann Murphy & Timbers LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G07F7/00 ; H04L9/00
Abstract:
Systems and methods for conducting an auction of securities on the Web. The system and methods provide a bid mechanism whereby bidders are rewarded for priority of anonymously revealing their bids and provide an allocation of the securities which allows winning bidders to pay a single market-clearing price that sells out the securities. In addition, the systems and methods allow all participants to monitor the auction in real time.
Public/Granted literature
- US20070083457A1 System and methods for pricing and allocation of commodities or securities Public/Granted day:2007-04-12
Information query
