Futures contracts on restricted compensation securities

US8660933B2 · kind B2 · utility

Assignee

• BGC PARTNERS, INC. · US

Inventors

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

Key dates

• Filing date: Apr 14, 2010
• Grant date: Feb 25, 2014
• Expiry date: Jan 15, 2032

Classification

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