Patents by Inventor Philip E. Protter

Philip E. Protter has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20130024342
    Abstract: A computer implemented method and system for automatically setting prices of financial activities which culminate after a period of progressive development. The financial activities have a plurality of possible outcomes and include weather-related or other naturally occurring events as well as sporting events and sporting competitions. The method includes receiving a first request from a participant terminal to purchase a financial product for one of the possible outcomes, i; and electronically computing a price for the requested financial product, in response to the first request, based at least in part on a first formula. In one example, the financial products include contracts in a one-sided market of buyer participants where the outcomes are mutually exclusive and collectively exhaustive.
    Type: Application
    Filed: July 13, 2012
    Publication date: January 24, 2013
    Inventors: Kenneth A. Horowitz, Alfredo L. Bequillard, Alexander P. Nyren, Philip E. Protter, Daniel S. Wilks