ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,705,670, issued on Aug. 11.
"Computer implemented continuous dual auction system" was invented by Jeffrey Brian Gray (Delray Beach, Fla.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented continuous dual auction system consisting of a computer, server, and a process for creating a real-time, or substantially real-time, online marketplace for the sale of goods and services. The system allows a buyer to define parameters of one or more items that the buyer wishes to purchase and place a bid on all of the items that satisfy those parameters. The system automatically takes any fees to be paid by the buyer and the seller into account for a...