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. 01, 2013
Filed:
Nov. 05, 2004
Edward R. Howorka, Morris Plains, NJ (US);
David Jifeng Liu, East Rutherford, NJ (US);
Jeffrey Edward Power, Rockaway, NJ (US);
Nasir Ahmed Zubairi, New York, NY (US);
Neena Jain, South Plainfield, NJ (US);
Edward R. Howorka, Morris Plains, NJ (US);
David Jifeng Liu, East Rutherford, NJ (US);
Jeffrey Edward Power, Rockaway, NJ (US);
Nasir Ahmed Zubairi, New York, NY (US);
Neena Jain, South Plainfield, NJ (US);
EBS Group Limited, London, GB;
Abstract
Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.