The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Jan. 12, 2010

Filed:

Jun. 30, 2006
Applicants:

Michael H. Evelyn, Far Hills, NJ (US);

Robert S. Goldberg, Brookville, NY (US);

Jordan M. Hayes, Berkeley, CA (US);

Cliff M. Gerrish, San Francisco, CA (US);

Othar Hansson, Sunnyvale, CA (US);

Charles A. Ocheret, Scarsdale, NY (US);

Inventors:

Michael H. Evelyn, Far Hills, NJ (US);

Robert S. Goldberg, Brookville, NY (US);

Jordan M. Hayes, Berkeley, CA (US);

Cliff M. Gerrish, San Francisco, CA (US);

Othar Hansson, Sunnyvale, CA (US);

Charles A. Ocheret, Scarsdale, NY (US);

Assignee:

W.R. Hambrecht + Co., LLC, San Francisco, CA (US);

Attorney:
Primary Examiner:
Assistant Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2006.01); G07F 7/00 (2006.01); H04L 9/00 (2006.01);
U.S. Cl.
CPC ...
Abstract

Systems and methods for conducting an auction of securities on the Web. The system and methods provide a bid mechanism whereby bidders are rewarded for priority of anonymously revealing their bids and provide an allocation of the securities which allows winning bidders to pay a single market-clearing price that sells out the securities. In addition, the systems and methods allow all participants to monitor the auction in real time.


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