Apparatus and process for executing an expirationless option tra

Details Apparatus and process for executing an expirationless option tra Apparatus and process for executing an expirationless option tra

1996-09-17

1999-03-16

MacDonald, Allen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

705 1, 705 4, 705 35, 705 37, 2731382, 364918, G06F 1760

Patent

active

058842861

ABSTRACT:
The present invention introduces an apparatus and process which may be implemented on a vast variety of computer systems. The apparatus and process of the present invention use a computer system to receive and store data representative of a particular asset, a type of option (call or put), requested exercise price and a multitude of other variables related to the asset. The apparatus and process then generate data representative of an expirationless option premium for use in transacting an expirationless option.

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