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. 19, 2010
Filed:
Oct. 01, 2007
Neal Brady, Evanston, IL (US);
Noah Carey, Evanston, IL (US);
William R. Erwin, Evanston, IL (US);
John Gilmore, Burr Ridge, IL (US);
Michael Quattrocki, Chicago, IL (US);
Frank Stone, Chicago, IL (US);
Mark Thornburgh, West Chicago, IL (US);
Neal Brady, Evanston, IL (US);
Noah Carey, Evanston, IL (US);
William R. Erwin, Evanston, IL (US);
John Gilmore, Burr Ridge, IL (US);
Michael Quattrocki, Chicago, IL (US);
Frank Stone, Chicago, IL (US);
Mark Thornburgh, West Chicago, IL (US);
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Abstract
A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.