Patents Assigned to Intercontinental Exchange
  • Over the counter traded product and system for offset and contingent trading of commodity contracts
    Patent number: 7539643
    Abstract: A method for facilitating the offset or contingent trading of commodity contracts comprising: providing a futures exchange wherein a futures or option contract based on a first commodity of a commodity type is traded; and automatically registering a trade of the futures or options contract on the futures exchange at a market price for the futures or options contract when an over the counter contract for a second commodity of the commodity type is traded.
    Type: Grant
    Filed: May 5, 2006
    Date of Patent: May 26, 2009
    Assignee: Intercontinental Exchange
    Inventors: Raymond James Cummings, Marc Leppard