| 摘要 |
<p>In accordance with the present invention, a system and method for matching buyers and sellers in a marketplace accepts limit bids and offers into a central system (20, 22). Periodically, an optimizing algorithm is executed to match buyers and sellers. The algorithm utilizes techniques to maximize global utility. After buyers and sellers are matched, a transaction price is calculated for each pairing. The transaction price is selected to ensure that each participant executes the transaction at that participant's best effective transaction price.</p> |
