The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Apr. 26, 2022
Filed:
Dec. 31, 2014
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Seo Wook Jang, Jersey City, NJ (US);
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Abstract
An exchange computer system may compress price data associated with a financial product. The financial product may be, e.g., a type of futures contract, a type of option, a type of over-the-counter (OTC) forward, a type of OTC option, a type of security, or other type of financial product. The computer system may access data that indicates prices for a financial product at each of multiple times, generate data representing changes in prices, and stores codes representing that generated price change data. Price change categories may be identified for price changes corresponding to different times. Codes may then be selected based on the identified price change categories and stored. The stored codes may be used for price validation and/or other purposes.