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:
Mar. 06, 2018
Filed:
Jul. 02, 2009
Scott Johnston, Oak Park, IL (US);
John Falck, Chicago, IL (US);
Charlie Troxel, Jr., Naperville, IL (US);
James W. Farrell, Carol Stream, IL (US);
Shanthi Thiruthuvadoss, Chicago, IL (US);
Arjuna Ariathurai, Chicago, IL (US);
David Salvadori, Hoffman Estates, IL (US);
Scott Johnston, Oak Park, IL (US);
John Falck, Chicago, IL (US);
Charlie Troxel, Jr., Naperville, IL (US);
James W. Farrell, Carol Stream, IL (US);
Shanthi Thiruthuvadoss, Chicago, IL (US);
Arjuna Ariathurai, Chicago, IL (US);
David Salvadori, Hoffman Estates, IL (US);
Chicago Mercantile Exchange Inc., Chicago, IL (US);
Abstract
Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.