Invention Grant
- Patent Title: Method and system for providing option spread indicative quotes
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Application No.: US13646133Application Date: 2012-10-05
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Publication No.: US08494947B2Publication Date: 2013-07-23
- Inventor: Neal Brady , Tom Paronis , Christopher S. Whittington , Paul A. Schmid , Jon Dahl
- 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: G06Q40/00
- IPC: G06Q40/00

Abstract:
A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
Public/Granted literature
- US20130030980A1 Method and System for Providing Option Spread Indicative Quotes Public/Granted day:2013-01-31
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