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. 28, 2012
Applicant:
Chicago Mercantile Exchange, Inc., Chicago, IL (US);
Inventors:
Peter Barker, Chicago, IL (US);
Morgan Culverhouse, Chicago, IL (US);
Larry Grannan, Chicago, IL (US);
Assignee:
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/00 (2012.01); G06Q 40/04 (2012.01); G06Q 40/06 (2012.01); G06Q 40/02 (2012.01);
U.S. Cl.
CPC ...
G06Q 40/00 (2013.01); G06Q 40/04 (2013.01); G06Q 40/06 (2013.01); G06Q 40/025 (2013.01); G06Q 40/02 (2013.01);
Abstract
Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions.