Invention Grant
- Patent Title: System and method for trading based on tournament-style events
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Application No.: US11379171Application Date: 2006-04-18
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Publication No.: US10586282B2Publication Date: 2020-03-10
- Inventor: Alexander M. Costakis , James J. Lefkowitz
- Applicant: Alexander M. Costakis , James J. Lefkowitz
- Applicant Address: US NY New York
- Assignee: CFPH, LLC
- Current Assignee: CFPH, LLC
- Current Assignee Address: US NY New York
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04 ; G06Q20/10

Abstract:
A system for trading a plurality of derivative financial instruments comprises a processor operable to receive a first order to buy a derivative financial instrument that represents a contestant in a contest. The processor is further operable to receive a second order to sell the derivative financial instrument. The processor is further operable to determine a market price based at least in part on the first order and the second order. The processor is further operable to execute a trade at the determined market price. The system further comprises a memory operable to store the first order and/or the second order.
Public/Granted literature
- US20060173764A1 System and Method for Trading Based on Tournament-Style Events Public/Granted day:2006-08-03
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