Computer apparatus and method for trading and clearing futures contracts to accommodate a variable sensitivity related to the general level of interest rates
US7451105B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 22, 1999 |
| Grant date | Nov 11, 2008 |
| Priority date | — |
| Expiry date | Mar 22, 2019 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Certain embodiments include a method and apparatus for trading and clearing futures contracts using a clearing computer system. The apparatus includes providing a clearing computer system with an input device for receiving user input information including a base tick value and a trade price. The apparatus also includes a database for storing the user input information. The apparatus further includes a processor with programmable circuitry for calculating a settlement amount based on the user input information. Certain embodiments of the apparatus include a trigger for computer-assisted transfer of funds based on the settlement amount and an output for outputting at least one of the user input information and the settlement amount.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.