Binary options on an organized exchange and the systems and methods for trading the same
US8738499B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 21, 2004 |
| Grant date | May 27, 2014 |
| Priority date | — |
| Expiry date | Jan 5, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Financial systems and methods for trading fixed return options on secondary markets such as stock exchanges including an electronic order delivery and execution system and/or an on-floor trading auction, configured to provide an exchange-traded environment. Also included is at least one fixed return option or binary option traded through an exchange's order delivery and execution system or on-floor trading auction, whereby such trading environment provides an open market. Also included are methods for calculating the closing settlement value for securities underlying fixed return options or binary options in order to maintain a fair and orderly trading environment for these instruments on an organized exchange.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.