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TRADING ANALYSIS TOOLS

  • US 20100049666A1
  • Filed: 03/11/2008
  • Published: 02/25/2010
  • Est. Priority Date: 03/15/2007
  • Status: Abandoned Application
First Claim
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1. A method for analysing the trading results of a product by deriving a fair price for the product from the best current bid price for the product, the best current offer price for the product, the quantity of the product available for purchase at the best current bid price, the quantity of the product available for sale at the best current offer price, the previous day'"'"'s closing price for the product and the minimum increment of price change for the product as stipulated by an exchange on which the product is traded, wherein:

  • if there is no best current bid price and there is no best current offer price, the fair price is equal to the previous day'"'"'s closing price,if there is no best current bid price, but there is a best current offer price, the strip price is equal to the lower of the best current offer price and the previous day'"'"'s closing price,if there is no best current offer price, but there is a best current bid price, the strip price is equal to the larger of the best current bid price and the previous day'"'"'s closing price, orif there is a best current offer price and a best current bid price;

    a) if the difference between the best current offer price and the best current bid price is one minimum increment, then the fair price is equal to the best current bid price plus a portion of the minimum increment, the portion being the quantity of the product available for purchase at the best current bid price as a fraction of the total quantity of the product available for sale and purchase at the best current offer price or bid price;

    or b) if the difference between the best current offer price and the best current bid price is two minimum increments, then the fair price is equal to the mean of the best current bid price and the best current offer price,or, if neither a) nor b) are satisfied, i) if the previous day'"'"'s closing price is greater than the best current offer price, the fair price is equal to the best current offer price, or ii) if the previous day'"'"'s closing price is less than the best current bid price, the fair price is equal to the best current bid price, or iii) if neither i) nor ii) are satisfied, the fair price is equal to the previous day'"'"'s closing price.

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