06408282 is referenced by 650 patents and cites 4 patents.

The system and method of the preferred embodiment supports trading of securities over the Internet both on national exchanges and outside the national exchanges. The preferred embodiment supports an improved human interface and a continuous display of real-time stock quotes on the user's computer screen. The ergonomic graphical user interface (GUI) of the preferred embodiment includes several functional benefits in comparison with existing on-line consumer trading systems. In the preferred embodiment, the users are subscribers to a securities trading service offered over the Internet. Preferably, each subscriber to this service is simultaneously connected from his own computer to a first system which provides user-to-user trading capabilities and to a second system which is a broker/dealer system of his/her choice. The system providing the user-to-user trading services preferably includes a root server and a hierarchical network of replicated servers supporting replicated databases. The user-to-user system provides real-time continuously updated stock information and facilitates user-to-user trades that have been approved by the broker/dealer systems with which it interacts. Users of the preferred system can trade securities with other users of the system. As part of this user-to-user trading, a user can accept a buy or sell offer at the terms offered or he can initiate a counteroffer and negotiate a trade.

Title
System and method for conducting securities transactions over a computer network
Application Number
9/292553
Publication Number
6408282 (B1)
Application Date
April 15, 1999
Publication Date
June 18, 2002
Inventor
Walter D Buist
Hasbrouck Heights
NJ, US
Agent
Pennie & Edmonds
US
Assignee
Wit Capital
NY, US
IPC
G06F 17/60
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