Computer apparatus and method for trading and clearing...

Details Computer apparatus and method for trading and clearing... Computer apparatus and method for trading and clearing...

1999-03-22

2008-11-11

Poinvil, Frantzy (Department: 3692)

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

Automated electrical financial or business practice or...

Finance

C705S03600T

Reexamination Certificate

active

07451105

ABSTRACT:
Certain embodiments include a method and apparatus for trading and clearing futures contracts using a clearing computer system. The apparatus includes providing a clearing computer system with an input device for receiving user input information including a base tick value and a trade price. The apparatus also includes a database for storing the user input information. The apparatus further includes a processor with programmable circuitry for calculating a settlement amount based on the user input information. Certain embodiments of the apparatus include a trigger for computer-assisted transfer of funds based on the settlement amount and an output for outputting at least one of the user input information and the settlement amount.

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Japan to Allow Banks to Enter Forward-Rate-Agreement Deals by Mari Pfeiffer. Asian Wall Street Journal, New York, N.Y.: Aug. 17, 1994. p. 15.

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