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US 8,429,056 B2Granted
Systems and methods for sharing excess profits
AssigneeBGC Partners, Inc.
InventorPhillip M Ginsberg
Life of this patent
Estimating the term…
Abstract
Systems and methods for trading commodity, an item or instrument are provided. The market prices and trading may be monitored to detect a spike in the market price or artificially high market price. Excess profits resulting from the sale at an artificially high market price may be distributed to market participants based upon the participant's trading record in the market or upon some other suitable method.
Claims22
A method comprising:
- by computer, identifying a trade of a traded instrument or item occurring at an outlier price deviating from a benchmark price, the benchmark price reflecting at least one of a price and a range of prices at which the instrument or item would have traded in absence of market distortion, the trade involving at least one first distributee participant of a plurality of distributee participants in a market for the traded instrument or item, wherein the benchmark price includes a range of benchmark trading prices;
- and
- distributing at least a portion of profits earned because of the deviation of the price of the outlier-price trade from the benchmark price, to at least one second distributee participant of the plurality of distributee participants in the market for the traded instrument or item.
A method comprising:
- by computer of an electronic trading platform, identifying a trade of a traded instrument or item occurring at an outlier price deviating from a benchmark price, the benchmark price reflecting at least one of a price and a range of prices at which the instrument or item would have traded in absence of market distortion, the trade involving at least one first distributee participant of a plurality of distributee participants in a market for the traded instrument or item;
- and
- distributing at least a portion of profits earned because of the deviation of the price of the outlier-price trade from the benchmark price, to at least one second distributee participant of the plurality of distributee participants in the market for the traded instrument or item.
A method comprising:
- determining a benchmark price at least in part by monitoring trading prices over a time interval, wherein the monitoring includes monitoring for prices remaining stable within a relatively small percentage range;
- by computer, identifying a trade of a traded instrument or item occurring at an outlier price deviating from the benchmark price, the benchmark price reflecting at least one of a price and a range of prices at which the instrument or item would have traded in absence of market distortion, the trade involving at least one first distributee participant of a plurality of distributee participants in a market for the traded instrument or item;
- and
- distributing at least a portion of profits earned because of the deviation of the price of the outlier-price trade from the benchmark price, to at least one second distributee participant of the plurality of distributee participants in the market for the traded instrument or item,
- further comprising determining the benchmark price at least in part by monitoring trading prices over a time interval.
2 more elements
A non-transitory medium having stored thereon a plurality of instructions that when executed by a computer, instruct the computer to:
- identify a trade of a traded instrument or item that occurred at an outlier price deviating from a benchmark price, the benchmark price reflecting at least one of a price and a range of prices at which the instrument or item would have traded in absence of market distortion, the trade involving at least one first distributee participant of a plurality of distributee participants in a market for the traded instrument or item, wherein the benchmark price includes a range of benchmark trading prices;
- and
- generate a request that at least a portion of profits earned because of the deviation of the price of the outlier-price trade from the benchmark price, be distributed to at least one second distributee participant of the plurality of distributee participants in the market for the traded instrument or item.
A method comprising:
- determining a benchmark price at least in part by monitoring trading prices over a time interval, wherein the monitoring further comprising monitoring a plurality of trading prices, wherein the instrument or item including at least electricity, wherein the monitoring of prices comprise sampling the plurality of trading price at pre-determined intervals, and wherein the method further comprising maintaining a running period of the sampled trading prices falling within a range to determine a mode among the samples of a running period the mode corresponding to the benchmark price;
- by computer, identifying a trade of a traded instrument or item occurring at an outlier price deviating from the benchmark price, the benchmark price reflecting at least one of a price and a range of prices at which the instrument or item would have traded in absence of market distortion, the trade involving at least one first distributee participant of a plurality of distributee participants in a market for the traded instrument or item;
- and
- distributing at least a portion of profits earned because of the deviation of the price of the outlier-price trade from the benchmark price, to at least one second distributee participant of the plurality of distributee participants in the market for the traded instrument or item,
- further comprising determining the benchmark price at least in part by monitoring trading prices over a time interval.
2 more elements
Dependencies are inferred from the claim text.