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US 11,699,187 B2Granted
Systems and methods for computing an index for a binary options transaction
AssigneeCfph, LLC
InventorsRich Jaycobs, Nolan Glantz, James Les Walker
Life of this patent
Estimating the term…
Abstract
Methods, apparatuses, and article of manufactures for receiving a plurality of bids and offers for a binary options instrument. Each bid and offer comprises a quantity and a price. A subset of bids and offers from the plurality of received bids and offers is generated. At least one rule is applied to the subset of bids and offers to generate a reduced subset of bids and offers. A binary options index is computed from the reduced subset of bids and offer. A request for a binary options transaction that is based on the computed binary options index is received.
Claims18
A device comprising:
- a screen;
- at least one processor configured to
- receive data representing a plurality of bids and offers for a binary options instrument, in which each bid and offer comprises a quantity and a price;
- generate data representing a subset of bids and offers from the plurality of bids and offers;
- filter the subset of bids and offers in accordance with a filtering rule to generate a reduced subset of bids and offers and identify a manipulative bid, wherein the manipulative bid is excluded from the reduced subset of bids and offers;
- generate data representing a binary options index from the reduced subset of bids and offers;
- render on the screen a graphical user interface comprising a first display window that shows data representing the binary options index;
- detect from the graphical user interface a request for a binary options transaction that is based on the binary options index;
- render on the screen a second display window that overlays the first display window of the graphical user interface, wherein the second display windows is populated with data representing a default price value and a default quantity value for an electronic trade associated with an order in connection with the binary options index;
- transmit an alert regarding the identified manipulative bid;
- detect, via the screen, input related to a user gesture in association with a position of the graphical user interface associated with the manipulative bid;
- and
- retrieve data points associated with an area associated with the position in response to the user gesture.
10 more elements
A method carried out by at least one processor of a device, the method comprising:
- receiving data representing a plurality of bids and offers for a binary options instrument, in which each bid and offer comprises a quantity and a price;
- generating data representing a subset of bids and offers from the plurality of bids and offers;
- filtering the subset of bids and offers in accordance with a filtering rule to generate a reduced subset of bids and offers and identify a manipulative bid, wherein the manipulative bid is excluded from the reduced subset of bids and offers;
- generating data representing a binary options index from the reduced subset of bids and offers;
- rendering on a screen a graphical user interface comprising a first display window that shows data representing the binary options index;
- detecting from the graphical user interface a request for a binary options transaction that is based on the binary options index;
- rendering on the screen a second display window that overlays the first display window of the graphical user interface, wherein the second display windows is populated with data representing a default price value and a default quantity value for an electronic trade associated with an order in connection with the binary options index;
- transmitting an alert regarding the identified manipulative bid;
- detecting, via the screen, input related to a user gesture in association with a position of the graphical user interface associated with the manipulative bid;
- and
- retrieving data points associated with an area associated with the position in response to the user gesture.
8 more elements
Dependencies are inferred from the claim text.