Method for promoting sulfur dioxide futures trading
AssigneeChicago Climate Exchange, Inc.
InventorsRichard Sandor, Michael Walsh
Life of this patent
Estimating the term…
Abstract
Computer-based methods for promoting sulfur dioxide futures contracts trading are described. The methods include creating a sulfur financial instrument for use by approved parties to trade sulfur emissions allowances and selling the sulfur financial instrument to an approved buyer who desires to acquire the amounts of the sulfur dioxide emissions allowances. The sulfur financial instrument represents allocated amounts of sulfur emissions allowances that include a future year sulfur dioxide allowance vintage.
Claims30
A computer-based method for promoting futures contracts trading related to sulfur dioxide emission allowances, which comprises performing by a computer a plurality of steps including:
- creating, by said computer, a sulfur financial instrument that is a futures contract for use by approved parties, wherein the sulfur financial instrument states an amount of sulfur dioxide emission allowances, a vintage year for the allowances, and an expiration date for the instrument, with the stated vintage year being subsequent to the stated expiration date;
- selling the sulfur financial instrument to an approved buyer who takes a market position to acquire the amounts of the sulfur dioxide emissions allowances;
- and
- giving instructions for delivering to the buyer one or more vintage years of sulfur dioxide emissions allowances which have vintage years that are current with or prior to the vintage year specified by the sulfur financial instrument and at least one of which has a vintage year subsequent to the expiration date.
A computer-readable media for promoting futures contracts trading related to sulfur dioxide emission allowances, which comprises instructions that when executed on a processor performs the steps comprising:
- creating a sulfur financial instrument that is a futures contract for use by approved parties, wherein the sulfur financial instrument states an amount of sulfur dioxide emission allowances, a vintage year for the allowances, and an expiration date for the instrument, with the stated vintage year being subsequent to the stated expiration date;
- selling the sulfur financial instrument on an exchange platform associated with a computer network to an approved buyer who takes a market position to acquire the amounts of the sulfur dioxide emissions allowances;
- and
- giving instructions for delivering to the buyer one or more vintage years of sulfur dioxide emissions allowances which have vintage years that are current with or prior to the vintage year specified by the sulfur financial instrument and at least one of which has a vintage year subsequent to the expiration date.
A computer system for futures contracts trading related to sulfur dioxide emission allowances, which comprises:
- a server device configured to perform operations comprising:
- creating a sulfur financial instrument that is a futures contract, wherein the sulfur financial instrument states an amount of sulfur dioxide emission allowances, a vintage year for the allowances, and an expiration date for the instrument, with the stated vintage year being subsequent to the stated expiration date;
- trading the sulfur financial instrument on an electronic exchange;
- and
- receiving an instruction from a client device configured to perform operations comprising:
- sending an instruction to the server device to trade the futures contract.
Dependencies are inferred from the claim text.