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:
Oct. 28, 2025
Filed:
Dec. 21, 2023
Cboe Exchange, Inc., Chicago, IL (US);
Nishank Modi, Chicago, IL (US);
Cboe Exchange, Inc., Chicago, IL (US);
Abstract
An exchange computer system, a method, and non-transitory computer-readable storage media for generating an implied liquidity index and values. The exchange computer system receives data related to a plurality of stocks, data related to a stock market index, and data related to a plurality of stock options. The exchange computer system selects a plurality of component stock options, determines a quantity of available stock option contracts for each of the stock options in the plurality of component stocks options, applies one or more of (i) a price normalization, (ii) a relative bid-ask spread normalization, or (iii) an expiry normalization. The exchange computer system determines an option contract multiplier and generates, for a particular period of time, an implied liquidity index value based the option contract multiplier and the applied normalization and transmits the implied liquidity index value to a device connected to the exchange computer system.