Perpetual futures contracts with periodic reckonings

US8473402B2 · kind B2 · utility

Assignee

• Chicago Mercantile Exchange Inc. · US

Inventors

• Steven A. Youngren · Elgin, US
• Lori Aldinger · Naperville, US
• John Nyhoff · Darien, US
• John Labuszewski · Westmont, US

Key dates

• Filing date: Apr 14, 2011
• Grant date: Jun 25, 2013
• Expiry date: Apr 14, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods that provide for a perpetual futures/derivatives contract with periodic reckoning are disclosed. An embodiment may include a method of receiving a new perpetual contract and managing that contract through to its termination. The perpetual futures contract may comprise an option to terminate the contract at recurring predetermined intervals. The exchange may allow or prohibit exercise of the option based on particular parameters.