Auction-Based Security Valuation

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20090234759A1
SERIAL NO

12274079

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Disclosed are computer-implemented techniques for valuing non-marketable financial instrument such as employee stock options. The techniques include determining a market price of a derivate security that represents exposure to the non-marketable financial instrument by receiving bids or offers at a pre-determined time prior to the start of an auction and determining price information in a computer prior to a scheduled auction close. The determined price information is disseminated to auction participants, and the techniques includes closing the auction and executing on a computer orders and bids for the security at the determined price.

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Patent Owner(s)

Patent OwnerAddress
NASDAQ INC151 W 42ND STREET NEW YORK NY 10036

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Hatheway, Frank Chevy Chase , US 6 182
Sokoloff, Constantine New York , US 13 68

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