Tandem Options Contracts Providing Fixed Binary Payout

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United States of America Patent

APP PUB NO 20150149340A1
SERIAL NO

14090406

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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Systems and methods are described where two call options (or two put options) on futures may be bundled, traded, and processed in tandem accordingly. The two options may form a tandem option that may be constructed with strike/exercise prices that are scaled to be one minimum price increment or tick apart in the underlying futures market. The tandem option product provides a payout at expiration that is binary in nature—it will either be zero or a fixed monetary amount.

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Patent Owner(s)

Patent OwnerAddress
CHICAGO MERCANTILE EXCHANGE INC20 SOUTH WACKER DRIVE CHICAGO IL 60606

International Classification(s)

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Bixby, David Arlington Heights, US 8 90
Centola, Heidi Chicago, US 1 1
Gogol, Edward Skokie, US 50 856
Labuszewski, John Westmont, US 107 465
Nyhoff, John Darien, US 57 185
Piszczor, Charles West Dundee, US 2 1

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