公开(公告)号：US08738503B2

公开(公告)日：2014-05-27

申请号：US13291618

申请日：2011-11-08

Applicant: Daniel Grombacher ,  James Boudreault ,  Frederick Sturm ,  John Labuszewski

Inventor： Daniel Grombacher ,  James Boudreault ,  Frederick Sturm ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: The disclosed system makes available multiple interest rate futures contracts (“IRFC”) for a given set of interest rate securities, such as US Treasury Notes, which may be used to satisfy the delivery obligation. The terms on which the delivery obligation of each such IRFC are met are governed by an associated conversion factor yield (“CFY”) value which is associated, in turn, with a corresponding set of conversion factors (“CF”), each of which corresponds to one member of the set of securities eligible for delivery, and which may be used at the time of delivery of such eligible interest rate security, to determine the delivery invoice price. Offering different CFY's and corresponding CF's may enable a market participant who seeks to use such futures to acquire or shed financial risk exposure to select from such array of futures contracts the member contract that most closely mirror the participant's intended risk profile.

Abstract translation: 所披露的系统为特定的一系列利率证券（如美国国库券）提供多种利率期货合约（“IRFC”），可用于满足交割义务。 每个这样的IRFC的交付义务符合的条款由相关的转换因子收益率（“CFY”）值决定，而相关的转换因子收益率又与相应的一组转换因子（“CF”）相关联， 对应于有资格交付的一组证券中的一个成员，并且可以在交付这种符合条件的利率保证金时使用，以确定交货发票价格。 提供不同的CFY和相应的CF可能使寻求使用这种期货的市场参与者获得或减少金融风险暴露，从这样的期货合约中选择最能反映参与者预期风险状况的成员合同。

公开(公告)号：US20130117172A1

公开(公告)日：2013-05-09

申请号：US13291618

申请日：2011-11-08

Applicant: Daniel Grombacher ,  James Boudreault ,  Frederick Sturm ,  John Labuszewski

Inventor： Daniel Grombacher ,  James Boudreault ,  Frederick Sturm ,  John Labuszewski

IPC: G06Q40/04

CPC classification number: G06Q40/04

Abstract: The disclosed system makes available multiple interest rate futures contracts (“IRFC”) for a given set of interest rate securities, such as US Treasury Notes, which may be used to satisfy the delivery obligation. The terms on which the delivery obligation of each such IRFC are met are governed by an associated conversion factor yield (“CFY”) value which is associated, in turn, with a corresponding set of conversion factors (“CF”), each of which corresponds to one member of the set of securities eligible for delivery, and which may be used at the time of delivery of such eligible interest rate security, to determine the delivery invoice price. Offering different CFY's and corresponding CF's may enable a market participant who seeks to use such futures to acquire or shed financial risk exposure to select from such array of futures contracts the member contract that most closely mirror the participant's intended risk profile.

Abstract translation: 所披露的系统为特定的一系列利率证券（如美国国库券）提供多种利率期货合约（“IRFC”），可用于满足交割义务。 每个这样的IRFC的交付义务符合的条款由相关的转换因子收益率（“CFY”）值决定，而相关的转换因子收益率又与相应的一组转换因子（“CF”）相关联， 对应于有资格交付的一组证券中的一个成员，并且可以在交付这种符合条件的利率保证金时使用，以确定交货发票价格。 提供不同的CFY和相应的CF可能使寻求使用这种期货的市场参与者获得或减少金融风险暴露，从这样的期货合约中选择最能反映参与者预期风险状况的成员合同。

公开(公告)号：US08438099B2

公开(公告)日：2013-05-07

申请号：US12914639

申请日：2010-10-28

Applicant: Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

Inventor： Richard Co ,  TuenTuen Wang ,  Xing Su ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: A periodic reset total return index may be based on a standard index, such as an equity index. The value of the periodic reset total return index may be the sum of the standard index plus the income flow generated by the index, such as dividends generated by stocks. The periodic reset total return index valuation may be deployed as the basis for a futures contract. On a periodic basis, the income flow accrued for the preceding period are passed from the short to the long position holder, with a corresponding adjustment of the settlement price of the contract. The expiration of the contract may be settled at the sum of the underlying index quotation plus the income flow accrual for the previous period. A buyer of a futures contract based on a periodic reset total return index receives the performance of the index plus the intervening income flow accrual.

Abstract translation: 定期复位总回报指数可以基于标准指数，如权益指数。 定期复位总回报指数的价值可以是标准指数加上指数产生的收入流量之和，如股票产生的股息。 周期性复位总回报指数估值可以部署为期货合约的基础。 定期按照上期计入当期损益，由短仓转为长期持有人，并对合同结算价格进行相应调整。 合同到期可以按照相关指数报价加上一个期间的应计利润总额来结算。 根据定期重置总回报指数的期货合约的买方收到指数的表现加上间接收入流动应计利润。

公开(公告)号：US08407126B2

公开(公告)日：2013-03-26

申请号：US12909634

申请日：2010-10-21

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

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

IPC: G06Q40/00

CPC classification number: G06Q10/00 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/06 ,  G07F19/20

Abstract: 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.

Abstract translation: 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：US20130024340A1

公开(公告)日：2013-01-24

申请号：US13285502

申请日：2011-10-31

Applicant: Richard Co ,  Steven Youngren ,  Kok Chong Lam ,  Scott Brusso ,  John Labuszewski

Inventor： Richard Co ,  Steven Youngren ,  Kok Chong Lam ,  Scott Brusso ,  John Labuszewski

IPC: G06Q40/06

CPC classification number: G06Q40/04

Abstract: An alternate currency futures contract or other type of derivative can be denominated in a primary currency. Margin account adjustments for mark-to-market (MTM) settlements, final settlements, and/or other cash flows associated with the contract can initially be calculated based on the primary currency, and then be converted to an alternate, secondary currency. This conversion can occur unconditionally and without requiring a prior unavailability determination.

Abstract translation: 替代货币期货合约或其他类型的衍生工具可以以主要货币计值。 与合约相关的市值（MTM）结算，最终结算和/或其他现金流量的保证金账户调整最初可以根据主要货币计算，然后转换为替代的次级货币。 该转换可以无条件地发生，而不需要先前的不可用性确定。

公开(公告)号：US20130018770A1

公开(公告)日：2013-01-17

申请号：US13183132

申请日：2011-07-14

Applicant: Richard Co ,  Steve Youngren ,  John Wiley ,  David Boberski ,  John Labuszewski ,  John Nyhoff

Inventor： Richard Co ,  Steve Youngren ,  John Wiley ,  David Boberski ,  John Labuszewski ,  John Nyhoff

IPC: G06Q40/00

CPC classification number: G06Q40/06

Abstract: The disclosed embodiments relate to a futures contract, the value of which is based on the value of the underlying asset multiplied by a variable multiplier value which is based on a variable parameter.

Abstract translation: 所公开的实施例涉及期货合约，其期望价值基于潜在资产的价值乘以基于可变参数的可变乘数值。

公开(公告)号：US08265965B2

公开(公告)日：2012-09-11

申请号：US11611433

申请日：2006-12-15

Applicant: Richard Co ,  John Labuszewski ,  John Nyhoff

Inventor： Richard Co ,  John Labuszewski ,  John Nyhoff

IPC: G06Q40/00

CPC classification number: G06Q40/06 ,  G06Q40/04

Abstract: 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.

Abstract translation: 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：US20120109808A1

公开(公告)日：2012-05-03

申请号：US12914639

申请日：2010-10-28

Applicant: Richard Co ,  Tuen Tuen Wang ,  Xing Su ,  John Labuszewski

Inventor： Richard Co ,  Tuen Tuen Wang ,  Xing Su ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/06

Abstract: A periodic reset total return index may be based on a standard index, such as an equity index. The value of the periodic reset total return index may be the sum of the standard index plus the income flow generated by the index, such as dividends generated by stocks. The periodic reset total return index valuation may be deployed as the basis for a futures contract. On a periodic basis, the income flow accrued for the preceding period are passed from the short to the long position holder, with a corresponding adjustment of the settlement price of the contract. The expiration of the contract may be settled at the sum of the underlying index quotation plus the income flow accrual for the previous period. A buyer of a futures contract based on a periodic reset total return index receives the performance of the index plus the intervening income flow accrual.

Abstract translation: 定期复位总回报指数可以基于标准指数，如权益指数。 定期复位总回报指数的价值可以是标准指数加上指数产生的收入流量之和，如股票产生的股息。 周期性复位总回报指数估值可以部署为期货合约的基础。 定期按照上期计入当期损益，由短仓转为长期持有人，并对合同结算价格进行相应调整。 合同到期可以按照相关指数报价加上一个期间的应计利润总额来结算。 根据定期重置总回报指数的期货合约的买方收到指数的表现加上间接收入流动应计利润。

公开(公告)号：US20110295734A1

公开(公告)日：2011-12-01

申请号：US12827426

申请日：2010-06-30

Applicant: Richard Co ,  Brett Vietmeier ,  John Labuszewski

Inventor： Richard Co ,  Brett Vietmeier ,  John Labuszewski

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: A method for implementing a basis futures contract is disclosed. The method includes receiving trade data at a server, defining, at the server, a first futures contract based on an index identified in the received trade data, defining, at the server, a second futures contract based on a basis associated with the index identified in the received trade data, such that the basis reflects a fair value associated with the first futures contract, listing, via a match module, at least the second futures contract, matching, via the match module, at least the second futures contract, and calculating, at the server, a final settlement price associated with the first contract based on a daily settlement price of the index and a basis future settlement price associated with the second contract.

Abstract translation: 披露了实施基础期货合约的方法。 该方法包括在服务器处接收交易数据，基于在所接收的交易数据中识别的指数，在服务器处定义第一期货合约，在服务器处基于与所识别的指数相关联的基准定义第二期货合约 在所接收的交易数据中，所述基础反映与第一期货合约相关联的公允价值，通过比赛模块列出至少第二期货合约，通过比赛模块至少匹配第二期货合约，以及 在服务器处根据指数的每日结算价格和与第二份合同相关的基础未来结算价格计算与第一份合同相关的最终结算价格。

公开(公告)号：US20070118455A1

公开(公告)日：2007-05-24

申请号：US11452653

申请日：2006-06-14

Applicant: William Albert ,  Lori Flemm ,  Paul Bauerschmidt ,  Paul Callaway ,  Dmitriy Glinberg ,  Edward Gogol ,  Stephen Goldman ,  Andrew Greta ,  Bryan Hunter ,  Matthew Kelly ,  John Labuszewski ,  Paul Lichter ,  Jeffrey Mitchell ,  Ari Studnitzer ,  Shanthi Thiruthuvadoss ,  Tae Seok Yoo

Inventor： William Albert ,  Lori Flemm ,  Paul Bauerschmidt ,  Paul Callaway ,  Dmitriy Glinberg ,  Edward Gogol ,  Stephen Goldman ,  Andrew Greta ,  Bryan Hunter ,  Matthew Kelly ,  John Labuszewski ,  Paul Lichter ,  Jeffrey Mitchell ,  Ari Studnitzer ,  Shanthi Thiruthuvadoss ,  Tae Seok Yoo

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.

Abstract translation: 所披露的系统和方法涉及允许在集中式配对清算机制（例如芝加哥商品交易所（CME））期货交易柜台（“OTC”）外汇交易（“外汇”）合约 交换系统（“交换”）。 所披露的系统和方法允许匿名交易，集中清算，有效结算和提供风险管理/信用审查机制，降低风险，降低交易成本，提高外汇市场的流动性。 特别地，所公开的实施例增加执行速度，促进对算法交易的日益增长的需求，增加的价格透明度，降低交易成本，客户到客户交易以及自动资产分配，经常性交易以及结算和结算效率。