Countdown timing in financial instrument trading having a reporting obligation
AssigneeChicago Mercantile Exchange Inc.
InventorJames David Russell Barry
Life of this patent
Estimating the term…
Abstract
A computer implemented method of facilitating a financial instrument transaction involving a market participant includes generating a first interface for the market participant configured for entry of data indicative of the financial instrument transaction, capturing data indicative of a timing of the financial instrument transaction based on the data entered via the first interface, determining, with a processor, a timeframe for reporting a price of the financial instrument transaction based on the data indicative of the timing, and generating a second interface for the market participant in which a timer is displayed, the timer being configured to display a time relative to the timeframe.
Claims20
A computer implemented method of facilitating a financial instrument transaction involving a market participant, the method comprising:
- generating a first interface for the market participant configured for entry of data indicative of the financial instrument transaction;
- capturing data indicative of a timing of the financial instrument transaction based on the data entered via the first interface;
- determining, with a processor, a timeframe for reporting a price of the financial instrument transaction based on the data indicative of the timing;
- and
- generating a second interface for the market participant in which a timer is displayed, the timer being configured to display a time relative to the timeframe.
A system to facilitate a financial instrument transaction involving a market participant, the system comprising a processor and a memory coupled with the processor, the system further comprising:
- first logic stored in the memory and executable by the processor to generate a trading interface for the market participant configured to display a trade entry form for entry of data indicative of the financial instrument transaction;
- second logic stored in the memory and executable by the processor to capture data indicative of a timing of the financial instrument transaction based on the data entered via the trading interface;
- third logic stored in the memory and executable by the processor to generate a trade book interface for the market participant to display the data entered via the trading interface and the data indicative of the timing;
- fourth logic stored in the memory and executable by the processor to determine a timeframe for reporting a price of the financial instrument transaction based on the data indicative of the timing;
- wherein the trade book interface comprises a timer to display a time relative to the timeframe.
A computer program product to facilitate a financial instrument transaction involving a market participant, the computer program product comprising one or more computer-readable storage media having stored thereon computer-executable instructions that, when executed by one or more processors of a computing system, cause the computing system to perform the method, the method comprising:
- generating a trading interface for the market participant configured to display a trade entry form for entry of data indicative of the financial instrument transaction;
- capturing data indicative of a timing of the financial instrument transaction based on the data entered via the trading interface;
- determining a timeframe for reporting a price of the financial instrument transaction based on the data indicative of the timing;
- and
- generating a trade book interface for the market participant in which a timer is displayed, the countdown timer being configured to display a time relative to the timeframe.
Dependencies are inferred from the claim text.