Invention Grant
- Patent Title: Single action generation and presentation of transaction compliant parameters for multiple interdependent component transactions
-
Application No.: US17903398Application Date: 2022-09-06
-
Publication No.: US12039600B2Publication Date: 2024-07-16
- Inventor: David Vincent Scuilli , Carrick John Pierce , Nicholas Joseph Howard , Michael Cameron Stanley , Anthony George Andriacchi
- Applicant: Chicago Mercantile Exchange Inc.
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee Address: US IL Chicago
- Agency: Lempia Summerfield Katz LLC
- Main IPC: G06Q40/04
- IPC: G06Q40/04 ; G06Q20/40 ; G06Q30/0283

Abstract:
The disclosed embodiments relate to a user interface which enables a trader to define a bilaterally negotiated strategy, including the agreed upon total price, and the component transactions, and automatically, e.g. with a single action, calculate at least one set of prices for all of the component transactions which mathematically net out to the agreed upon total price, conforms to fair and reasonable live market prices, and adheres to venue pricing rules, such as tick increment/size.
Public/Granted literature
Information query