Systems and methods for computing an index for a binary options transaction
US11699187B2 · kind B2 · utility
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1References
18Claims
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Assignee
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Key dates
| Filing date | Jul 13, 2021 |
| Grant date | Jul 11, 2023 |
| Priority date | — |
| Expiry date | Jul 13, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06F2203/04806
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Methods, apparatuses, and article of manufactures for receiving a plurality of bids and offers for a binary options instrument. Each bid and offer comprises a quantity and a price. A subset of bids and offers from the plurality of received bids and offers is generated. At least one rule is applied to the subset of bids and offers to generate a reduced subset of bids and offers. A binary options index is computed from the reduced subset of bids and offer. A request for a binary options transaction that is based on the computed binary options index is received.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.