公开(公告)号：US07873564B1

公开(公告)日：2011-01-18

申请号：US12396926

申请日：2009-03-03

申请人： Andrew J. Stevens ,  Matthew R. Tate ,  Mark A. Bulkeley ,  Dean L. Wilde, II ,  Paul S. Gibbs ,  Stefan Jacob ,  Ann Sacra

发明人： Andrew J. Stevens ,  Matthew R. Tate ,  Mark A. Bulkeley ,  Dean L. Wilde, II ,  Paul S. Gibbs ,  Stefan Jacob ,  Ann Sacra

IPC分类号： G06Q40/00

CPC分类号： G06Q40/00 ,  G06Q40/04

摘要： Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids, where the bids may be linear combinations, to create a plurality of awarded bids that may maximize an economic surplus or maximize a volume of awarded bids. Degenerate price solutions may be solved by minimizing variations from historic pricing levels for a contract. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e.g., passenger contract and/or freight contracts), a financial derivative contract or credit default contract on any of an entity's issued securities.

摘要翻译： 各种实施例示出了用于对多个财务结算合同进行拍卖的系统：该系统可以包括至少一个处理器。 所述至少一个处理器可被编程为从第一参与者接收多个第一参与者投标并从第二参与者接收多个第二参与者投标。 还可以将至少一个处理器编程为匹配一批出价，其中出价可以是线性组合，以创建可以最大化经济盈余或最大化授权出价量的多个授权投标。 简化价格解决方案可以通过最小化合同历史定价水平的变化来解决。 合同可以包括例如石油合同，煤炭合同，天然气合同，电力合同，天气合同，天气相关事件合同，商品合同，特定位置服务合同（例如客运合同 和/或运费合同），任何一家实体发行证券的金融衍生工具合约或信用违约合约。