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:
Sep. 03, 2013
Chicago Mercantile Exchange, Inc., Chicago, IL (US);
Scott Johnston, Brooklyn, NY (US);
John Falck, Chicago, IL (US);
Charlie Troxel, Jr., Naperville, IL (US);
James W. Farrell, Carol Stream, IL (US);
Agnes Shanthi Thiruthuvadoss, Chicago, IL (US);
Arjuna Ariathurai, Chicago, IL (US);
David Salvadori, Bartlett, IL (US);
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Abstract
Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.