Trading of illiquid goods, services, instruments or commodities
    2.
    发明授权
    Trading of illiquid goods, services, instruments or commodities 有权
    非流动货物,服务,工具或商品的交易

    公开(公告)号:US08788395B2

    公开(公告)日:2014-07-22

    申请号:US11677232

    申请日:2007-02-21

    IPC分类号: G06Q40/00

    CPC分类号: G06Q40/04 G06Q50/188

    摘要: Traders are notified of a computed tradeable price for an object of commerce. The computed tradeable price is calculated by a computer in conformance to a standard published to traders in a market for the object of commerce. The standard specifies rules for calculating the tradeable price based on orders received or trades executed in the market. Based at least in part on the computed tradeable price, trades are executed or negotiated, or negotiating offers are exchanged among the traders.

    摘要翻译: 交易商被通知商业对象的计算交易价格。 所计算的可交易价格由计算机按照为商业对象市场上向交易者发布的标准计算。 该标准规定了根据在市场上执行的订单或交易计算可交易价格的规则。 至少部分地基于计算的可交易价格,交易被执行或协商,或者交易者之间交换谈判报价。

    FINANCIAL INSTRUMENT TRADING
    3.
    发明申请
    FINANCIAL INSTRUMENT TRADING 审中-公开
    金融工具贸易

    公开(公告)号:US20120254005A1

    公开(公告)日:2012-10-04

    申请号:US13041947

    申请日:2011-03-07

    IPC分类号: G06Q40/04 G06Q40/00

    摘要: A data processing system receives a continuous stream of real time transactional data regarding market transactions of fixed income securities. The incoming data is qualified and then used to determine the term structure of interest rates based on price information. The system provides linear interpolation techniques to complete an operative data set. This set is updated with current trade data, with term structure shifting using pivot points from newly qualified data. An index value for a pre-select portfolio of securities is then calculated and expressed in terms of price relative to par, yield to maturity and duration.In a specific implementation using U.S. Treasuries as the monitored security, the index value supports an automated trading function for futures and/or options contracts based on the change in value of the index. The index provides a more accurate barometer of market changes and a more useful tool in measuring portfolio management for plan sponsors.

    摘要翻译: 数据处理系统接收关于固定收入证券市场交易的实时交易数据的连续流。 输入的数据是合格的,然后用于基于价格信息来确定利率的期限结构。 该系统提供线性插值技术来完成一个操作数据集。 该集合使用当前交易数据进行更新,期限结构使用新合格数据的枢轴点移动。 然后计算预选择证券组合的指数值,并以相对于标准普尔,到期收益率和期限的价格表示。 在使用美国国债作为监控的安全性的具体实施中,指数值基于指数值的变化支持期货和/或期权合约的自动交易功能。 该指数提供了更准确的市场变化晴雨表,并为计划发起人衡量投资组合管理提供了更有用的工具。

    Fixed income portfolio index processor

    公开(公告)号:US5774880A

    公开(公告)日:1998-06-30

    申请号:US396422

    申请日:1995-02-28

    IPC分类号: G06Q40/00 G06F17/60

    摘要: A data processing system receives a continuous stream of real time transactional data regarding market transactions of fixed income securities. The incoming data is qualified and then used to determine the term structure of interest rates based on price information. The system provides linear interpolation techniques to complete an operative data set. This set is updated with current trade data, with term structure shifting using pivot points from newly qualified data. An index value for a pre-select portfolio of securities is then calculated and expressed in terms of price relative to par, yield to maturity and duration. In a specific implementation using U.S. Treasuries as the monitored security, the index value supports an automated trading function for futures and/or options contracts based on the change in value of the index. The index provides a more accurate barometer of market changes and a more useful tool in measuring portfolio management for plan sponsors.