System and method to create markets and trade intercommodity spreads
First Claim
4-1. The method of claim 1, wherein a trader provides the parameter.
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Accused Products
Abstract
A method for creating a market associated with a first product, a second product, and a parameter, wherein the first product and the second product are related by the parameter, includes the steps of establishing settlement prices for the first and second products and receiving a value for the parameter and an order, wherein the order comprising desired prices for the first and second product. The method also includes the steps of calculating a net difference in price between the order and the settlement prices, wherein the net difference in price is based on the desired prices, the settlement prices, and the value of the parameter; selecting an order book from a plurality of order books that are associated with the first product and the second product, wherein the order book is selected in accordance with the value of the parameter; and adding the order in the order book, wherein each entry in the order book comprises the net difference in price.
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Citations
27 Claims
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4-1. The method of claim 1, wherein a trader provides the parameter.
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5-2. The method of claim 1, wherein the products are financial instruments.
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16. A method for creating a market associated with a group of products and a parameter, wherein the group of products are related by the parameter, the method comprising the steps of:
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receiving a value for the parameter and an order, the order comprising desired prices for the group of products; and
selecting an order book from a plurality of order books that are associated with the group of products, wherein the order book is selected in accordance with the value of the parameter. - View Dependent Claims (22, 23, 24, 25)
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27. The method of claim 26, wherein a first product comprising the group of products is traded in a first exchange and a second product comprising the group of products is traded in a second exchange.
Specification