Back to results
US 2011/0258099 A1Published application
Futures contracts on restricted compensation securities
AssigneeBGC Partners, Inc.
InventorsPhilip GINSBERG, Timothy H. Heaton
Life of this patent
Estimating the term…
Abstract
Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole.
Claims20
A method, comprising the steps of:
- at a computer of an electronic trading system designed to trade futures on restricted compensatory securities, receiving from a first party an order to trade a futures contract on restricted compensatory securities, the restricted compensatory securities being a financial instrument of an issuer that issued the restricted compensatory securities an initial issuee of the restricted compensatory securities as compensation for employment by or services to the issuer, the futures contract creating a duty on the purchaser to purchase or sell the restricted compensatory securities at a delivery date;
- receiving at a computer of the electronic trading system a counter order for the futures contract from a counter party;
- and
- as a result of matching of the order and counter order, issuing transfer instructions to transfer the futures contract on the restricted compensatory securities between the first party and the counter party.
1 more element
A system for trading a futures contract, comprising:
- a processor;
- and
- a memory, the memory having stored therein at least one software module that when executed is operable to cause the processor to:
- receive from a first party an order to trade a futures contract on a restricted compensatory securities, the restricted compensatory securities are financial instruments of an issuer that issued the restricted compensatory securities to the initial issuee of the restricted compensatory securities as compensation for employment by or services to the issuer, and the futures contract creating a duty on the purchaser to purchase or sell the restricted compensatory securities at a delivery date;
- receive a counter order for the restricted compensatory securities from a counter party;
- and
- as a result of matching of the order and counter order, issue instructions to transfer the futures contract on the restricted compensatory securities between the first party and the counter party.
4 more elements
Dependencies are inferred from the claim text.