公开(公告)号：US08407126B2

公开(公告)日：2013-03-26

申请号：US12909634

申请日：2010-10-21

申请人： Steve Youngren ,  Lori Aldinger ,  Richard Co ,  Derek Sammann ,  John Labuszewski

发明人： Steve Youngren ,  Lori Aldinger ,  Richard Co ,  Derek Sammann ,  John Labuszewski

IPC分类号： G06Q40/00

CPC分类号： G06Q10/00 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/06 ,  G07F19/20

摘要： Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.

摘要翻译： 提供了基于突破货币计算索引值的方法和系统。 在实体突破货币联盟之前，可能会形成一个预期的突破指数。 其他方面涉及在突破日期计算初始指数值。 中断货币的初始汇率可以与突破值和/或基准值组合。 在一个实施例中，突破值是初始汇率的倒数。 因此，根据某些实施例，突破指数的初始指标值可以等于基值。 其他方面涉及计算第二指数值。 可以利用突破货币的第二汇率与固定基准值和突破值一起计算突破指数的第二指标值。 其他方面涉及创建货币联盟的预期货币单位。

公开(公告)号：US08423446B2

公开(公告)日：2013-04-16

申请号：US13569916

申请日：2012-08-08

申请人： Richard Co ,  John Labuszewski ,  John Nyhoff

发明人： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/04

摘要： Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20130041802A1

公开(公告)日：2013-02-14

申请号：US13572828

申请日：2012-08-13

申请人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

发明人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04

摘要： Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

公开(公告)号：US10430878B2

公开(公告)日：2019-10-01

申请号：US13617845

申请日：2012-09-14

申请人： Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

发明人： Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

IPC分类号： G06Q40/00 ,  G06Q40/04

摘要： A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices.

公开(公告)号：US08447679B2

公开(公告)日：2013-05-21

申请号：US13572828

申请日：2012-08-13

申请人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

发明人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04

摘要： Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有二进制结果并且基于触发事件的最终结算的衍生产品的系统和方法。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 市场价格可能会以市场价格为基础，并通过分析其他信息（例如参考实体的信用评级）进行调整。 由于价格调整，买家和卖家之间可能会产生现金流。 衍生产品可以在触发预定事件时支付预定的最终结算量或百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20080010221A1

公开(公告)日：2008-01-10

申请号：US11611433

申请日：2006-12-15

申请人： Richard Co ,  John Labuszewski ,  John Nyhoff

发明人： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/04

摘要： Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US08265965B2

公开(公告)日：2012-09-11

申请号：US11611433

申请日：2006-12-15

申请人： Richard Co ,  John Labuszewski ,  John Nyhoff

发明人： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/04

摘要： Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20120303510A1

公开(公告)日：2012-11-29

申请号：US13569916

申请日：2012-08-08

申请人： Richard Co ,  John Labuszewski ,  John Nyhoff

发明人： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC分类号： G06Q40/04

CPC分类号： G06Q40/06 ,  G06Q40/04

摘要： Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有数字结果和多个成分的衍生产品的方法，系统和装置。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 可以通过市场价格调整市场价格，并通过分析其他信息，例如衍生产品参考实体的信用评级变化。 由于价格调整，买方和卖方之间可能会产生现金流量（例如信用卡和借记帐户）。 在衍生产品的每个成分中的触发预定事件之后，衍生产品可以支付预定最终结算金额的百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US08266026B2

公开(公告)日：2012-09-11

申请号：US11537441

申请日：2006-09-29

申请人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

发明人： Richard Co ,  John Labuszewski ,  Paul Peterson ,  John Nyhoff ,  Sayee Srinivasan

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04

摘要： Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

摘要翻译： 描述了用于处理和清除具有二进制结果并且基于触发事件的最终结算的衍生产品的系统和方法。 配置为处理和清除衍生产品的计算机系统可以接受来自买方和卖方的初始和调整后的履约保证金，并间隔调整衍生产品的市场价格。 市场价格可能会以市场价格为基础，并通过分析其他信息（例如参考实体的信用评级）进行调整。 由于价格调整，买家和卖家之间可能会产生现金流。 衍生产品可以在触发预定事件时支付预定的最终结算量或百分比。 但衍生产品到期后，衍生品市场价格为零，协议终止。

公开(公告)号：US20140081818A1

公开(公告)日：2014-03-20

申请号：US13617845

申请日：2012-09-14

申请人： Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

发明人： Richard Co ,  John Nyhoff ,  Xing Su ,  Tuen Tuen Wang ,  John Labuszewski

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04

摘要： A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices.

摘要翻译： 一种用于匹配来自一组市场参与者的复合订单的方法包括经由通信网络接收复合订单数据，指定每个市场要购买或出售的多种金融工具的金融工具的最大金额的复合订单数据 参与者访问存储价格数据的存储器，指示每个金融工具的当前价格的价格数据，用处理器实现线性求解器，以通过以当前价格执行的订单匹配来最大限度地实现复合订单 按照复合订单数据中规定的最大金额，并根据实现复合订单的每个市场参与者的最大净风险敞口水平，以及传达指示市场执行交易顺序匹配的交易数据 参与者以目前的价格。