公开(公告)号：US20130018771A1

公开(公告)日：2013-01-17

申请号：US13183186

申请日：2011-07-14

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/04

Abstract: The disclosed embodiments relate to creation and administration by automated means of Logged derivatives contracts. These contracts, e.g. a futures contract or “over the counter” (OTC) derivative, are cash-settled derivatives based on, and quoted by reference to, the natural logarithm of the value of the underlying product, e.g., the S&P 500.

Abstract translation: 所公开的实施例涉及通过记录的衍生品合约的自动化手段创建和管理。 这些合同，例如 期货合约或柜台（OTC）衍生工具均为基于并引用参考基准产品价值的自然对数（例如标准普尔500指数）的现金结算衍生工具。

公开(公告)号：US20120323764A1

公开(公告)日：2012-12-20

申请号：US13162821

申请日：2011-06-17

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q20/28 ,  G06Q20/381 ,  G06Q20/387 ,  G06Q40/025 ,  G06Q40/04 ,  G06Q40/06

Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.

Abstract translation: 公开了一种由中央交易对手在交易商账户之间移动资金以促进支付的系统，即在其间进行资金流动的系统，其提供了支持更简单会计，新型衍生工具合同以及新类型费用的灵活机制。 被披露的期货合约（被称为付款人合约）包括不确定性期货合约，即定义初始价值和结算价值参数，利用结算系统的机制例如适应相关的支付。 因此，提供了合同和价格之间的一对多关系，其中每个价格部分可以被分配自己的付款人合同。 付款人合同的功能可能是保证相关职位的流动。 在一个实施例中，每当需要支付时动态创建付款人合同。

公开(公告)号：US09460468B2

公开(公告)日：2016-10-04

申请号：US13162821

申请日：2011-06-17

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q20/28 ,  G06Q20/381 ,  G06Q20/387 ,  G06Q40/025 ,  G06Q40/04 ,  G06Q40/06

Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payer” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.

公开(公告)号：US08751353B2

公开(公告)日：2014-06-10

申请号：US12909658

申请日：2010-10-21

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

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

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q40/04 ,  G06Q40/06

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：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：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。