05724524 is referenced by 202 patents and cites 13 patents.

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.

Method and system for listing, brokering, and exchanging carrier capacity
Application Number
Publication Number
Application Date
December 15, 1995
Publication Date
March 3, 1998
Paul A Levitsky
William M Hunt
Robert E Meyer
David E Pitchenik
Melvin J Scolnick
Pitney Bowes
G06F 17/60
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