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:
Aug. 07, 2012
Filed:
Aug. 02, 2002
Jack Jenkins, Kingwood, TX (US);
John Berkley, Chicago, IL (US);
David M. Lee, Glendale, AZ (US);
Cheryl Cramer, New York, NY (US);
Ethan Laub, New York, NY (US);
Robert Pacheco, Montrose, NY (US);
Jack Jenkins, Kingwood, TX (US);
John Berkley, Chicago, IL (US);
David M. Lee, Glendale, AZ (US);
Cheryl Cramer, New York, NY (US);
Ethan Laub, New York, NY (US);
Robert Pacheco, Montrose, NY (US);
American Express Travel Related Services Company, Inc., New York, NY (US);
Abstract
A method and system of trading derivatives of various items includes an electronic marketplace configured to accept requests to purchase derivatives and requests to sell derivatives. The marketplace is configured to match requests to purchase with requests to sell when certain criteria are similar to within predetermined limits. Available derivatives include futures contracts, put options, and call options. The derivatives allow one to purchase rights in an item prior to the actual delivery of the item. In addition, the derivatives may be traded to other parties. The use of such derivatives also enables entities to negotiate the prices for various goods and services that were previously not readily negotiable in the past.