System and method for trading options

Details System and method for trading options System and method for trading options

2010-01-11

2011-10-04

Subramanian, Narayanswamy (Department: 3695)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

08032444

ABSTRACT:
A system and method of trading option contracts, such as foreign currency option contracts, is described. In one embodiment, a system and method for web-based or network-based interactive trading of currency options is described. Users of the system provide volatility runs of currency options, deal on existing offers to sell or bids to buy, or may improve on existing offers to sell or bids to buy. The system and method provide automatic price quotations for a requested option contract by polling internal volatility surfaces of users for prices on the requested contract, and ensure a more orderly pattern of trades by categorizing the users into discrete tiers which determine a user's obligations to provide offers and bids to the system and which determine a user's opportunities and rights to trade on the system.

REFERENCES:
patent: 4674044 (1987-06-01), Kalmus et al.
patent: 4677552 (1987-06-01), Sibley, Jr.
patent: 4799156 (1989-01-01), Shavit et al.
patent: 4823265 (1989-04-01), Nelson
patent: 4903201 (1990-02-01), Wagner
patent: 4980826 (1990-12-01), Wagner
patent: 5077665 (1991-12-01), Silverman et al.
patent: 5136501 (1992-08-01), Silverman et al.
patent: 5258908 (1993-11-01), Hartheimer et al.
patent: 5297031 (1994-03-01), Gutterman et al.
patent: 5305200 (1994-04-01), Hartheimer et al.
patent: 5375055 (1994-12-01), Togher et al.
patent: 5500793 (1996-03-01), Deming, Jr. et al.
patent: 5508913 (1996-04-01), Yamamoto
patent: 5557517 (1996-09-01), Daughtery, III
patent: 5615269 (1997-03-01), Micali
patent: 5655088 (1997-08-01), Midorikawa et al.
patent: 5689652 (1997-11-01), Lupien et al.
patent: 5715402 (1998-02-01), Popolo
patent: 5727165 (1998-03-01), Ordish
patent: 5787402 (1998-07-01), Potter et al.
patent: 5794207 (1998-08-01), Walker et al.
patent: 5797127 (1998-08-01), Walker et al.
patent: 5806050 (1998-09-01), Shinn
patent: 5832462 (1998-11-01), Midorikawa et al.
patent: 5873071 (1999-02-01), Ferstenberg et al.
patent: 5905974 (1999-05-01), Fraser et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5924083 (1999-07-01), Silverman et al.
patent: 5926801 (1999-07-01), Matsubara et al.
patent: 5950176 (1999-09-01), Keiser et al.
patent: 5963923 (1999-10-01), Garber
patent: 5970479 (1999-10-01), Sheperd
patent: 5987419 (1999-11-01), Hachino et al.
patent: 6014627 (2000-01-01), Togher et al.
patent: 6014643 (2000-01-01), Minton
patent: 6016483 (2000-01-01), Rickard et al.
patent: 6112189 (2000-08-01), Rickard et al.
patent: 6263321 (2001-07-01), Daughtery, III
patent: 6278981 (2001-08-01), Dembo et al.
patent: 6278982 (2001-08-01), Korhammer et al.
patent: 6292787 (2001-09-01), Scott et al.
patent: 6317727 (2001-11-01), May
patent: 6321212 (2001-11-01), Lange
patent: 6343278 (2002-01-01), Jain et al.
patent: 6390472 (2002-05-01), Vinarsky
patent: 6536935 (2003-03-01), Parunak et al.
patent: 6850907 (2005-02-01), Lutnick et al.
patent: 7171386 (2007-01-01), Raykman
patent: 7194481 (2007-03-01), Van Roon
patent: 7689498 (2010-03-01), Rodgers et al.
patent: 7698187 (2010-04-01), Huizing et al.
patent: 2001/0049651 (2001-12-01), Sellect
patent: 2002/0007335 (2002-01-01), Millard et al.
patent: 2002/0169703 (2002-11-01), Lutnick et al.
patent: 2002/0188555 (2002-12-01), Lawrence
patent: 2004/0236664 (2004-11-01), Sellberg et al.
patent: 2005/0283422 (2005-12-01), Myr
patent: 2006/0010066 (2006-01-01), Rosenthal et al.
patent: 2006/0085320 (2006-04-01), Owens et al.
patent: 2006/0271467 (2006-11-01), Wasendorf, Sr.
patent: 2007/0027788 (2007-02-01), Bandman et al.
patent: 2007/0100733 (2007-05-01), Huizing et al.
patent: 2007/0168275 (2007-07-01), Busby et al.
patent: 2007/0282734 (2007-12-01), Huntley et al.
patent: 2008/0010186 (2008-01-01), Weimer et al.
patent: 2008/0082439 (2008-04-01), Everaert et al.
patent: 2008/0228618 (2008-09-01), Noviello
patent: 2008/0288329 (2008-11-01), Nannis et al.
patent: 2008/0301034 (2008-12-01), Reding et al.
patent: 2009/0089223 (2009-04-01), Dawson
patent: 2009/0171833 (2009-07-01), Bandman et al.
patent: 2009/0192930 (2009-07-01), Breitenbach
patent: 2010/0287114 (2010-11-01), Bartko et al.
patent: 0411748 (1991-02-01), None
patent: 0434224 (1991-06-01), None
patent: 0952536 (1999-10-01), None
patent: 9010910 (1990-09-01), None
patent: WO/90/10910 (1990-09-01), None
patent: 9011571 (1990-10-01), None
patent: WO/90/11571 (1990-10-01), None
patent: 96/18160 (1991-06-01), None
patent: 94/10637 (1994-05-01), None
patent: WO/94/10637 (1994-05-01), None
patent: WO/96/18160 (1996-06-01), None
patent: 97/03408 (1997-01-01), None
patent: WO/97/03408 (1997-01-01), None
patent: 9708640 (1997-03-01), None
patent: WO/97/08640 (1997-03-01), None
patent: 97/22072 (1997-07-01), None
patent: WO/97/22072 (1997-07-01), None
patent: 9858333 (1998-12-01), None
patent: WO/98/58333 (1998-12-01), None
patent: 9910815 (1999-03-01), None
patent: 9914695 (1999-03-01), None
patent: WO/99/10815 (1999-03-01), None
patent: WO/99/14695 (1999-03-01), None
patent: 9919821 (1999-04-01), None
patent: WO/99/19821 (1999-04-01), None
patent: 0003342 (2000-01-01), None
patent: WO/00/03342 (2000-01-01), None
patent: WO 01/07986 (2001-02-01), None
The pricing of options and corporate liabilities, Fischer Black and Myron Scholes, 1972.

Affiliated with

Also associated with

Rating

System and method for trading options does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System and method for trading options, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System and method for trading options will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4274007