APPARATUS, SYSTEM AND METHOD FOR PROVIDING A TRANSACTION MANAGEMENT MARKUP LANGUAGE

摘要

A transaction server receives a plurality of transaction profiles from a plurality of market parties. The transaction profiles include limitations defining a suggested transaction and indicating the level of intended commitment by the submitting market party. The transaction server identifies transaction profiles having overlapping limitations. In an exemplary embodiment, market parties having different levels of intended commitment are identified and the market parties are notified of other transaction profiles having similar interests allowing market parties with different levels of commitment to observe the electronic market and allowing a smooth transition from a search through to commitment. The transaction requests may include transaction value ranges corresponding to a transaction term, where the transaction value ranges define a range of values acceptable to the market party submitting the request.