Appeal No. 2006-1179 Παγε 2
Application No. 10/242,532
BACKGROUND
The appellants’ invention relates to a method of auctioning
products over a distributed networked computer system
(specification, page 1). The method can include entering pre-
defined relative indications that correspond to a willingness to
buy or sell the product and wherein the pre-defined relative
indications specify a price relative to a current market price
(specification, page 2). The auction process is active when an
order is presented to the system (specification, page 3).
Claim 41 is representative of the invention, and is reproduced as
follows:
41. A method of auctioning a product, said method executed
over a distributed networked computer system, said method
comprising:
receiving, by the distributed networked computer system from
an auction participant, a pre-defined relative indication that
corresponds to a willingness to buy or sell the product, the pre-
defined relative indication specifying a single trading interest
with a price relative to a current market price and a quantity,
with the pre-defined relative indication remaining dormant and
undisclosed to other auction participants as to the existence of
the pre-defined relative indication until executed against an
order, and when executed, disclosing details of a transaction
involving the pre-defined relative indication to the parties to
the transaction, and wherein only receipt of an order initiates
an auction;
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