Importance

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Abstract

The invention relates to a method, a central system, an application, and an electronic memory for a pricing function for derivatives of market maker participants. Market makers are electronically addressing the application recalculating the pricing function of the derivatives to an option price for an underlying instrument pricing, having an underlying reference parameter (Ref). The function made up by parameters being approximately constant in an interval. Thus, the function can be approximated as a linear function within the interval. The processing of the function in a trade server reduces the risk in lost time for participants handling with derivatives, and minimizes the processing and the distribution effort at a central system by letting the recalculating of the pricing function be performed at the central system and its application therefore.

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First Claim