Patent application number | Description | Published |
20090138411 | METHOD OF TRADING DERIVATIVE INVESTMENT PRODUCTS BASED ON AN INDEX ADAPTED TO REFLECT THE RELATIVE PERFORMANCE OF TWO DIFFERENT INVESTMENT ASSETS - Methods of creating indexes to reflect the relative performance of a pair of investment assets are provided. Also provided are methods of trading derivative investment products based on such an indexes. According to embodiments the invention index values are calculated based on the single day percentage change in the value of each asset, the cumulative relative change in the value of each asset, or the average daily relative change in the value of each asset. According to an embodiment all positions in derivative investment products based on an index are settled in cash at the end of each trading session, and the index is reset to a base value prior to trading the derivative investment products in the next session. | 05-28-2009 |
20100010928 | SYSTEM AND METHOD FOR TRADING PACKAGED COLLAR OPTIONS ON AN EXCHANGE - A method of creating and trading packaged standard option collars on an exchange is provided, as well as a trading facility for trading such packaged standard option collars. Collars are created by identifying an underlying asset, a first leg of a collar is determined by determining the desired strike price for the first leg and selecting a standard option contract traded on the exchange having a strike price closest to the desired strike price. The second leg is determined by selecting another standard option, the opposite of the first leg, having an option price substantially offsetting the option price of the first leg. Once the legs of the collar have been selected the collar package may be listed on the exchange, and orders for the collars may be processed by matching orders for opposite positions in the collar. | 01-14-2010 |
20100280937 | METHOD AND SYSTEM FOR CREATING AND TRADING MORTGAGE-BACKED SECURITY PRODUCTS - A computer-implemented method of creating a derivative investment instrument on an exchange having processor-based equipment is disclosed. The method includes receiving a default rate from a mortgage issuer, the default rate corresponding to a collection of mortgage-backed securities associated with at least one mortgage of the mortgage issuer; associating a risk value with the default rate; creating the derivative investment instrument having a monetary value related to the risk value; and providing, with the processor-based equipment, the derivative investment instrument for trading on an exchange. The method may be stored in a computer-readable memory accessible by the processor-based equipment. | 11-04-2010 |
20120123964 | METHOD AND SYSTEM FOR CREATING AND TRADING CORPORATE DEBT SECURITY DERIVATIVE INVESTMENT INSTRUMENTS - A method of creating and trading corporate debt security derivative investment instruments on an exchange, as well as a trading facility for trading such derivatives, is disclosed. Corporate debt security derivative investment instruments are created by identifying a credit rating service that includes a plurality of risk categories. Unique monetary values are mapped to risk categories and an entity rated by the credit rating service is identified. A corporate debt security derivative investment instrument is then created whose value is determined at least in part by the monetary value to which the risk category associated with the rated entity is mapped. | 05-17-2012 |
20120265665 | SYSTEM AND METHOD FOR CREATING AND TRADING PACKAGED COLLAR OPTIONS ON AN EXCHANGE - A method of creating and trading packaged standard option collars on an exchange is provided, as well as a trading facility for trading such packaged standard option collars. Collars are created by identifying an underlying asset, a first leg of a collar is determined by determining the desired strike price for the first leg and selecting a standard option contract traded on the exchange having a strike price closest to the desired strike price. The second leg is determined by selecting another standard option, the opposite of the first leg, having an option price substantially offsetting the option price of the first leg. Once the legs of the collar have been selected the collar package may be listed on the exchange, and orders for the collars may be processed by matching orders for opposite positions in the collar. | 10-18-2012 |