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:
May. 27, 2014
Filed:
Dec. 21, 2004
Donato A. Montanaro, Fort Lauderdale, FL (US);
Michael T. Bickford, Basking Ridge, NJ (US);
Jeffrey P. Burns, BerkeleyHeights, NJ (US);
Christopher P. Masciale, Westfield, NJ (US);
Scott R. Ebner, London, GB;
Donato A. Montanaro, Fort Lauderdale, FL (US);
Michael T. Bickford, Basking Ridge, NJ (US);
Jeffrey P. Burns, BerkeleyHeights, NJ (US);
Christopher P. Masciale, Westfield, NJ (US);
Scott R. Ebner, London, GB;
NYSE MKT LLC, New York, NY (US);
Abstract
Financial systems and methods for trading fixed return options on secondary markets such as stock exchanges including an electronic order delivery and execution system and/or an on-floor trading auction, configured to provide an exchange-traded environment. Also included is at least one fixed return option or binary option traded through an exchange's order delivery and execution system or on-floor trading auction, whereby such trading environment provides an open market. Also included are methods for calculating the closing settlement value for securities underlying fixed return options or binary options in order to maintain a fair and orderly trading environment for these instruments on an organized exchange.