Patent · US Active

Futures contract on options contracts exchange device

US7707096B2 · kind B2 · utility

1Cited by

7References

20Claims

0Family size

Assignee

BGC PARTNERS, INC. · US

Inventors

Philip Ginsberg · New York, US
Timothy H. Heaton · Morristown, US

Key dates

Filing date	Dec 24, 2002
Grant date	Apr 27, 2010
Priority date	—
Expiry date	Jul 18, 2028

Classification

Technology area (CPC G)Physics
CPC primaryG06Q40/06
WIPO fieldIT methods for management
WIPO sectorElectrical engineering

Abstract

Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole.

Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.