Systems and methods for trades priced relative to a reference benchmark value associated with an underlying index future

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 11941699
APP PUB NO 20230368297A1
SERIAL NO

18357673

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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According to some embodiments, an indication of a trade priced relative to a reference benchmark value (e.g., a trade at index close transaction) associated with an underlying index future may be received when a basis of the trade is agreed to by parties of the trade. Moreover, the indication may be received at least one day prior to a determination of a final price and quantity of the trade. The trade might create, according to some embodiments, any derivative, such as a future, an option, or a combination of put and call options. The trade may be reported and cleared, and it may then be arranged for the trade to physically settle into the underlying index future.

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Patent Owner(s)

  • NYSE AMERICAN LLC

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Martin, Lynn C New York, US 2 0
Weber, Clifford J Basking Ridge, US 34 267

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