Apparatus and process for executing an expirationless option transaction
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United States of America Patent
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Mar 16, 1999
Issued Date -
N/A
app pub date -
Sep 17, 1996
filing date -
Jul 29, 1994
priority date (Note) -
Expired
status (Latency Note)
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Abstract
The present invention introduces an apparatus and process which may be implemented on a vast variety of computer systems. The apparatus and process of the present invention use a computer system to receive and store data representative of a particular asset, a type of option (call or put), requested exercise price and a multitude of other variables related to the asset. The apparatus and process then generate data representative of an expirationless option premium for use in transacting an expirationless option.
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