Chicago Mercantile Exchange Inc.

Roberta Paffaro

John Labuszewski

Richard Co

David Andrew Boberski

Edward M Gogol

John Nyhoff

Steve Youngren

John Wiley

Alan Shontz

Steve Peters

Mike Kamradt

John Kerpel

Greg Skony

Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed.

Electronic market message management of temporally specific messages

Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant.

Electronic market message management using priority determination

Electronic market message management with priority determination

A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a 'payer' contract, comprises a 'no-uncertainty' futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.

Facilitation of payments between counterparties by a central counterparty

Growing community of inventors

Sao Paulo, Brazil

Roberta Paffaro