Invention Grant
- Patent Title: Volatility based futures products
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Application No.: US14134922Application Date: 2013-12-19
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Publication No.: US09710854B2Publication Date: 2017-07-18
- Inventor: John Kerpel , John Labuszewski , John Nyhoff , Lori Aldinger , Richard Co
- 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: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/04

Abstract:
A method of providing a financial product may include obtaining, by a computer device, pricing information about a financial market over a specified duration, the pricing information including at least a high price and a low price occurring within the duration. The computer device may be configured for determining a volatility associated with the market, the volatility based, at least in part, on the pricing information and determining a settlement price for a cash settled futures product using the volatility of the market over the specified duration.
Public/Granted literature
- US20150178833A1 VOLATILITY BASED FUTURES PRODUCTS Public/Granted day:2015-06-25
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