Methods and systems for trading futures contracts for intangible assets

• US 20030009415A1
• Filed: 12/12/2001
• Published: 01/09/2003
• Est. Priority Date: 05/14/2001
• Status: Abandoned Application

• Current Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Original Assignee: CFPH LLC (Cantor Fitzgerald, L.P.)
• Inventors: Lutnick, Howard W., Gilbert, Andrew C., Kirwin, Glenn D., Gilbert, Mary Ann, Kirwin, Joan
• Application Number:
  US10/015,738
• Publication Number:
  US 20030009415A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Methods and systems for trading of future contracts for intangible assets are provided. The methods and systems allow traders to access information on intangible asset futures contracts and future contract funds and to execute their trades in a computer-based futures exchange. Intangible assets include future royalties or revenues from artistic works or future salaries of professionals, for instance. The futures exchange system provides real-time trading status on the futures contracts or funds as well as detailed information on contract terms. Quotes may be matched automatically by the futures exchange. Sensitivity analysis of various factors on the outcome of futures contracts valuation may be provided. Additionally, offer and contract terms for categories of intangible assets may be standardized in the futures exchange for trading simplification.

Claims

1. A method for trading of intangible assets in a computer-based futures exchange system, comprising:

accessing a listing of a plurality of intangible asset futures contracts;

selecting an intangible asset futures contract from the listing; and

viewing trading status of the selected intangible asset futures contract.

2. The method of claim 1, further comprising executing a trade of intangible asset futures contracts in a futures contract fund.

3. The method of claim 1, further comprising executing a trade of the intangible asset futures contract.

4. The method of claim 1, further comprising viewing the intangible asset futures contract'"'"'s terms of contract.

5. The method of claim 1, further comprising viewing the intangible asset futures contract funds terms of contract.

6. The method of claim 1, further comprising providing data related to the intangible asset futures contract.

7. The method of claim 2, further comprising providing data related to the intangible asset futures contract funds.

8. The method of claim 1, further comprising utilizing analysis tools related to the intangible asset futures contract.

9. The method of claim 2, further comprising utilizing analysis tools related to the intangible asset futures contract fund.

10. A system for trading of intangible assets comprising an equipment of a futures exchange system configured to access a listing of a plurality of intangible asset futures contracts, select an intangible asset futures contract from the listing, and view the trading status of the selected intangible asset futures contract.

11. The system of claim 10, wherein the equipment of a futures exchange system is configured to execute a trade of an intangible asset futures contract.

12. The system of claim 10, wherein the equipment of the futures exchange system is configured to execute a trade of intangible asset futures contracts in a futures contracts fund.

13. The system of claim 12, wherein the equipment of the futures exchange system is configured to access a listing of intangible asset future contracts funds, select an intangible asset futures contract fund from the listing, and view trading status of the selected intangible asset futures contracts fund.

14. The system of claim 10, wherein the equipment of the futures exchange system is configured to view the intangible asset futures contracts terms of contract.

15. The system of claim 10, wherein the equipment of the futures exchange system is configured to provide data related to the intangible asset futures contract.

16. The system of claim 10, wherein the equipment of the futures exchange system is configured to provide data related to the intangible asset futures contract fund.

17. The system of claim 10, wherein the equipment of the futures exchange system is configured to allow utilization of analysis tools related to the intangible asset futures contract.

18. The system of claim 12, wherein the equipment of the futures exchange system is configured to allow utilization of analysis tools related to the intangible asset futures contract fund.

19. The system of claim 10, wherein the equipment of the futures exchange system is configured to execute the trade of the intangible asset futures contract by matching of a buy offer and a sell offer.

20. The system of claim 12, wherein the equipment of the futures exchange system is configured to execute the trade of the intangible asset futures contract fund by matching of buy offers and sell offers.

21. A system of trading of intangible asset futures contracts in a computer-based futures exchange system, wherein the equipment of the futures exchange system offers standard intangible asset offer terms for transactions.

22. A system of trading of intangible asset futures contracts in a computer-based futures exchange system, wherein the equipment of the futures exchange system offers standard intangible asset futures contract terms.

23. The system of claim 22 wherein the standard intangible asset futures contract terms are categorized based on categories of intangible asset futures contracts.