公开(公告)号：US20120109808A1

公开(公告)日：2012-05-03

申请号：US12914639

申请日：2010-10-28

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

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

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04 ,  G06Q40/06

摘要： 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.

摘要翻译： 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：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。

公开(公告)号：US20120101931A1

公开(公告)日：2012-04-26

申请号：US12911516

申请日：2010-10-25

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

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

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04

摘要： A system and method of providing a collateralized loan utilizing a clearing counterparty is disclosed. The method includes receiving an order at a match engine module, the order related to a futures contract based on an options box spread as the deliverable asset such that the futures contract represents a collateralized loan and such that the order includes an interest rate associated with the collateralized loan, analyzing, at the match engine, the order to determine a strike interval, scanning an order book module in communication with the match engine module, such that the scan is based on the determined strike interval, and automatically defining a first pair of options at a first strike price and a second pair of options at a second strike price, such that the determined strike interval defines the first and second strike prices, such that the first and second pair of options cooperate to define the option box spread.

摘要翻译： 披露了利用清算交易对手提供抵押贷款的制度和方法。 该方法包括：在匹配引擎模块处接收与期货合约有关的订单，该期货合约基于作为可交付资产分散的期权箱，使得期货合约代表抵押贷款，并且使得该订单包括与该期权合约相关联的利率 抵押贷款，在匹配引擎处分析确定打击间隔的顺序，扫描与匹配引擎模块通信的订单簿模块，使得扫描基于确定的打击间隔，并且自动定义第一对 第一行使价的期权和第二行使价的第二对期权，使得所确定的敲击间隔定义第一和第二行使价格，使得第一和第二对选项合作以定义期权票据价差。

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：US08374953B2

公开(公告)日：2013-02-12

申请号：US12911516

申请日：2010-10-25

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

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

IPC分类号： G06Q40/00

CPC分类号： G06Q40/04

摘要： A system and method of providing a collateralized loan utilizing a clearing counterparty is disclosed. The method includes receiving an order at a match engine module, the order related to a futures contract based on an options box spread as the deliverable asset such that the futures contract represents a collateralized loan and such that the order includes an interest rate associated with the collateralized loan, analyzing, at the match engine, the order to determine a strike interval, scanning an order book module in communication with the match engine module, such that the scan is based on the determined strike interval, and automatically defining a first pair of options at a first strike price and a second pair of options at a second strike price, such that the determined strike interval defines the first and second strike prices, such that the first and second pair of options cooperate to define the option box spread.

摘要翻译： 披露了利用清算交易对手提供抵押贷款的制度和方法。 该方法包括：在匹配引擎模块处接收与期货合约有关的订单，该期货合约基于作为可交付资产分散的期权箱，使得期货合约代表抵押贷款，并且使得该订单包括与该期权合约相关联的利率 抵押贷款，在匹配引擎处分析确定打击间隔的顺序，扫描与匹配引擎模块通信的订单簿模块，使得扫描基于确定的打击间隔，并且自动定义第一对 第一行使价的期权和第二行使价的第二对期权，使得所确定的敲击间隔定义第一和第二行使价格，使得第一和第二对选项合作以定义期权票据价差。