Exchange-traded basis derivative contracts

US8849712B2 · kind B2 · utility

Assignee

• Chicago Mercantile Exchange Inc. · US

Inventors

• John Nyhoff · Darien, US
• Frederick Sturm · Chicago, US
• Michael Kamradt · Flossmoor, US
• John Labuszewski · Westmont, US

Key dates

• Filing date: Apr 20, 2012
• Grant date: Sep 30, 2014
• Expiry date: Apr 20, 2032

Classification

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

Abstract

An exchange computer system creates, trades and/or otherwise manages basis derivative contracts. At maturity, a basis derivative contract may have two components. A first component may require a party to the basis derivative contract to make or take some type of delivery related to a particular subject matter. A second component may require the basis derivative contractee to accept a further obligation under one or more derivative contracts related to the subject matter.