Abstract: The present invention provides a system and method for trading of a commoditized product through a distributed network of computers, and for delivering the commoditized products after the trade. The system includes an order matching routine, a payment routine, a product qualification routine, and a distribution routine. The invention provides for secure electronic trading of a commoditized product through a hub centric platform that provides for a real order exchange in a real time environment, allows individual buyers and sellers to remain anonymous to each other, eliminates size or volume as a means of discrimination for transaction, and maximizes distribution efficiency.
Type:
Application
Filed:
May 21, 2009
Publication date:
December 17, 2009
Applicant:
BULLION DIRECT, INC.
Inventors:
Charles Hadley MCALLISTER, Vivek KATYAL
Abstract: The present invention provides a system and method for trading of a commoditized product through a distributed network of computers, and for delivering the commoditized products after the trade. The system includes an order matching routine, a payment routine, a product qualification routine, and a distribution routine. The invention provides for secure electronic trading of a commoditized product through a hub centric platform that provides for a real order exchange in a real time environment, allows individual buyers and sellers to remain anonymous to each other, eliminates size or volume as a means of discrimination for transaction, and maximizes distribution efficiency.
Type:
Grant
Filed:
May 17, 2001
Date of Patent:
September 1, 2009
Assignee:
Bullion Direct, Inc.
Inventors:
Charles Hadley McAllister, Vivek Katyal