Reverse convertible financial instrument

    公开(公告)号:US10109011B1

    公开(公告)日:2018-10-23

    申请号:US13092818

    申请日:2011-04-22

    IPC分类号: G06Q40/06

    摘要: Methods and systems are provided herewith for providing a financial instrument. In some embodiments, a processor may receive one or more performance parameters for determining a performance of an asset at one or more future times are received from one or more parties. The processor may receive a request to generate indicia of a financial instrument. The financial instrument may comprise a funding instrument that specifies rights and obligations of at least a first party and a second party respecting a funding contribution from the first party for funding an asset owned at least in part by the second party. The processor may determine a plurality of possible measurements of a future performance of the asset based at least in part on the received performance parameters. The processor may determine a conversion schedule for converting at least a portion of the first user's rights in the financial instrument into an equity component of the asset. The conversion schedule may specify a possible post-conversion equity component for each of the plurality of possible performance measurements. In some embodiments, the conversion schedule may specify a greater possible post-conversion equity component for a greater possible performance measurement. The processor may transmit the conversion schedule to the second party.

    System and method for high-speed pari-mutuel wagering

    公开(公告)号:US09824529B2

    公开(公告)日:2017-11-21

    申请号:US11968407

    申请日:2008-01-02

    IPC分类号: A63F13/30 G07F17/32

    CPC分类号: G07F17/3223 G07F17/32

    摘要: This disclosure provides a wagering system associated with a first wagering facility, the system communicably coupled with a network and including a memory operable to store betting odds on a plurality of wagering events hosted by the first wagering facility. The system further includes a processor coupled to the memory and operable to receive a first bet on a particular event via the network, the particular event comprising at least one of the wagering events hosted by the first wagering facility. If a second bet is received within a predetermined period of time after the first bet is received, then the processor recalculates the betting odds on the particular event based upon both of the first bet and the second bet. If a second bet is not received within a predetermined period of time after the first bet is received, then the processor recalculates the betting odds on the particular event based upon the first bet.

    Game at cash register
    6.
    发明授权
    Game at cash register 有权
    收银台游戏

    公开(公告)号:US09495829B2

    公开(公告)日:2016-11-15

    申请号:US13300828

    申请日:2011-11-21

    摘要: In various embodiments, a method may include receiving an indication of a price of an item to be purchased by a person from a merchant, receiving an indication of an amount tendered by the person, determining an amount of change due to the person based on the price and based on the amount tendered, determining the rules of a game, generating a first outcome of the game using a random number generator, determining based on the rules whether the first outcome is winning or losing, authorizing, if the first outcome is winning, that the amount tendered be returned to the person and that the person be allowed to keep the item, and authorizing, if the first outcome is losing, that the amount tendered be kept by the merchant.

    摘要翻译: 在各种实施例中,一种方法可以包括:接收人员从商家要购买的物品的价格的指示,接收由该人招标的金额的指示,确定基于该人的该人所引起的变化量 价格,并根据投标金额,确定游戏规则,使用随机数生成器生成游戏的第一个结果,根据规则确定第一个结果是获胜还是丢失,授权,如果第一个结果是获胜 将所要求的金额退还给该人,并允许该人员保留该项目,并且如果第一个结果丢失,则授权该商标所保留的金额。

    Products and processes for a point exchange
    7.
    发明授权
    Products and processes for a point exchange 有权
    点交换的产品和流程

    公开(公告)号:US09192854B2

    公开(公告)日:2015-11-24

    申请号:US13608822

    申请日:2012-09-10

    申请人: Howard W. Lutnick

    发明人: Howard W. Lutnick

    IPC分类号: G07F17/32 A63F13/00

    摘要: Methods of tracking points among participants in various wagers. An indication of a wager may be received, including point distributions, participants, an event, etc. An indication of an outcome of the wager may be received. Points may be allocated among participants in accordance with a desired point distribution based on the outcome of the wager. An indication of a point adjustment may be received, and points may be adjusted accordingly. The point adjustment may be associated with an external exchange between participants in a wager. Other embodiments are disclosed.

    摘要翻译: 追踪参与者各种下注的方法。 可以收到下注的指示,包括点分布,参与者,事件等。可以接收到赌注的结果的指示。 可以根据投注的结果,根据所需的点分布,在参与者中分配积分。 可以接收点调整的指示,并且可以相应地调整点。 点调整可能与下注中的参与者之间的外部交换相关联。 公开了其他实施例。

    Multicomputer distributed processing of large block trading data
    8.
    发明授权
    Multicomputer distributed processing of large block trading data 有权
    多模块分布式处理大块交易数据

    公开(公告)号:US08768819B2

    公开(公告)日:2014-07-01

    申请号:US12271027

    申请日:2008-11-14

    IPC分类号: G06Q40/00 G06Q40/04 G06Q40/06

    CPC分类号: G06Q40/04 G06Q40/00

    摘要: Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.

    摘要翻译: 描述了管理交易订单的系统和方法。 一个实施例包括从第一交易者操作的第一服务器接收包括第一交易订单和一个或多个选择标准的通信,所述第一交易订单包括指定工具,指定数量和指定价格中的至少一个 ; 确定贸易订单的数据库不包含与第一交易订单相匹配的交易订单; 识别满足选择标准的多个交易者; 向多个第二服务器发送包括所指定的仪器,指定数量和指定价格中的至少一个的查询; 从代表第二交易者操作的多个第二服务器中的一个接收对查询的肯定响应; 并以指定的价格促进第一交易者和第二交易者之间针对指定的工具的交易。

    Electronic trading system restricting trading orders
    10.
    发明授权
    Electronic trading system restricting trading orders 有权
    电子交易系统限制交易订单

    公开(公告)号:US08756137B2

    公开(公告)日:2014-06-17

    申请号:US12946277

    申请日:2010-11-15

    摘要: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.

    摘要翻译: 根据一个实施例,提供了管理交易的方法。 在特定类型的仪器的市场中,从多个交易者收到买单和卖出订单。 每个买单都有相关联的出价,每个卖单都有相关的报价。 通过确定特定交易订单是否与至少一个比较价格不同超过阈值来确定特定交易订单是否是离岸交易订单。 如果确定特定交易是离岸交易订单,则对离岸交易订单采取限制性行动。 例如,如果交易者随后提交另一个与离岸交易订单交易的交易订单,则可能会向交易者发送一个提醒信息,并且可以阻止随后的交易订单至少暂时与远期交易订单进行交易。