SYSTEM FOR ASSISTING IN PROCESSING OF AUCTION AND PERFORMING OF AUCTION Russian patent published in 2005 - IPC

Abstract RU 2259586 C2

FIELD: auctioning, financial technologies.

SUBSTANCE: system has computer, which receives information about process of auction, characterizing auction, performed by first participant of auction, and information about quoting of auction, characterizing performed auction by second participant, database of characteristics of auction participant, made with possible querying by computer; characteristics of auction participant characterize acceptable parameters of auction for each auction participant. Computer executes a program for comparing information about performing of auction to information about quoting of auction, and to determine presence of coincidence, if information about performing of auction and information about quoting of auction corresponds to each other within limits of acceptable auction parameters, presented in characteristics of auction participant for first participant and second participant.

EFFECT: higher speed of operation, higher efficiency.

3 cl, 5 dwg

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RU 2 259 586 C2

Authors

Ehdelstejn P. Khovard

Uolsh Kristofer Dzh.

Smit Kristofer Dzh.

Foster Gari S.

Tirni Piter Dzh.

Dates

2005-08-27Published

2001-02-15Filed