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:
Dec. 04, 2012
Filed:
May. 04, 2005
Daniel Feuser, Chicago, IL (US);
Eric Chern, Northbrook, IL (US);
Paul Kepes, Chicago, IL (US);
Andrew Hall, Chicago, IL (US);
Lewis Biscamp, Chicago, IL (US);
John C. Hiatt, Jr., Woodridge, IL (US);
Daniel Feuser, Chicago, IL (US);
Eric Chern, Northbrook, IL (US);
Paul Kepes, Chicago, IL (US);
Andrew Hall, Chicago, IL (US);
Lewis Biscamp, Chicago, IL (US);
John C. Hiatt, Jr., Woodridge, IL (US);
Chicago Board Operations Exchange, Incorporated, Chicago, IL (US);
CTC Trading Group, L.L.C., Chicago, IL (US);
Abstract
Methods and systems for creating and trading derivative contracts based on a statistical property reflecting a variance of an underlying asset are disclosed. Typically, an underlying asset is chosen to be a base of a variance derivative and a processor calculates a value of the statistical property reflecting an average volatility of price returns of the underlying asset over a predefined period. A trading facility display device coupled to a trading platform then displays the variance derivative based on the value of the statistical property reflecting the volatility of the underlying asset and the trading facility transmits variance derivative quotes from liquidity providers over at least one dissemination network.