Patents Assigned to Option
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Patent number: 8719144Abstract: A method is described for providing one of a plurality of maker-taker pricing models to a system connected with the exchange system. The method includes the steps of an exchange server receiving from a first market participant of the exchange a marked order at the exchange connected to a database, the marked order marked with an indication of an expected rebate amount for trading orders; associating the marked order with an order from a second market participant of the exchange stored in a database configured to receive and store orders having varying rebate amounts according to the expected rebate amount; and executing the marked order according to the indication of an expected rebate amount. An exchange system for accessing at least one maker-taker pricing model for executing a trade on an exchange is also disclosed.Type: GrantFiled: September 15, 2010Date of Patent: May 6, 2014Assignee: Chicago Board Options Exchange, IncorporatedInventor: David Dillingham Reed
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Patent number: 8712891Abstract: A method and system for calculating a tail risk hedge index is disclosed where the tail risk hedge index is associated with a portfolio having an underlying asset and a volatility index option based on the underlying asset. The method includes, with a processor in a trading platform, calculating a tail risk hedge index (VXTH) associated with the portfolio having an underlying asset and a volatility index (VIX) option based on the underlying asset, and displaying the VXTH. The VXTH is calculated by compounding its value based on the equation: VXTHt=VXTHt-1*(1+RVXTH), where t is the close date and RVXTH is the daily net rate of return of the index. A trading platform for creating and disseminating the index, and for creating and trading a derivative based on the index, is also disclosed.Type: GrantFiled: July 27, 2012Date of Patent: April 29, 2014Assignee: Chicago Board Options Exchange, IncorporatedInventor: Catherine T. Shalen
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Patent number: 8711966Abstract: A wireless device has receiver circuits and/or transmitter circuits supporting at least two simultaneous independent transmit paths in the same frequency band, and a multiport antenna with N ports, for the available receiver or transmitter circuits. The multiport antenna has a compact mechanical state and an extended mechanical state, and is connected to the N ports of the receiver and/or transmitter circuits by a 2N-port matching and decoupling network. This has multiple, selectable electrical states, each corresponding to at least one of the mechanical states. One combination of the mechanical state and the electrical state allows operation in a wireless channel of rank N. A second combination of the mechanical state and the electrical state allows operation in a wireless channel of rank less than N. Better MIMO performance with the extended antenna configuration can be obtained with the convenience of retaining limited performance when the user cannot use the extended antenna.Type: GrantFiled: May 26, 2011Date of Patent: April 29, 2014Assignee: Option NVInventors: Werner L. Schroeder, Aleksander Krewski
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Patent number: 8694407Abstract: A method and system for creating a volatility benchmark index is disclosed. The method includes obtaining a value of a Treasury bill account less a mark-to-market value of at least one of a volatility-based future or option and calculating a value reflecting a volatility benchmark. The value may be displayed at a trading facility and volatility benchmark quotes may be transmitted by the trading facility to a market participant.Type: GrantFiled: July 19, 2012Date of Patent: April 8, 2014Assignee: Chicago Board Options Exchange, IncorporatedInventor: Catherine T. Shalen
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Patent number: 8685932Abstract: Provided are proteins and polynucleotides, complexes and compositions containing the proteins, and methods for their use in administration to subjects and for disease treatment. Among the provided proteins and complexes are complexes containing a TGF-beta associated with immunoglobulins (such as IgGs) or functional portions thereof including Fc portions, such as by non-covalent bonds. The provided complexes include those in which the immunoglobulin portion binds to inhibitory Fc? receptors to a greater degree than to activating Fc? receptors. The provided complexes further include those in which the immunoglobulin portion bind to activating Fc? receptors to a greater degree than to inhibitory Fc? receptors. The complexes and compositions can be used for administration to subjects, such as for increasing immunity or decreasing inflammation, such as for treating diseases including autoimmune diseases and cancer.Type: GrantFiled: December 14, 2009Date of Patent: April 1, 2014Assignee: Option Pharmaceuticals, LLCInventor: Tod Lauerman
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Publication number: 20140052599Abstract: Systems and methods for creating and disseminating an interest rate swap volatility index based on an underlying interest rate swaption, and for creating and trading derivative investment products based on the interest rate swap volatility index, are disclosed. In one aspect, an interest rate swap volatility index based on an underlying interest rate swaption is calculated. The interest rate swap volatility index may be accessed by a processor of a trading platform and a standardized, exchange traded derivative may be created based on the calculated interest rate swap volatility index. Information associated with the interest rate swap volatility index derivative may then be transmitted for display.Type: ApplicationFiled: July 12, 2013Publication date: February 20, 2014Applicant: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATEDInventors: Yoshiki Obayashi, Antonio Mele
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Patent number: 8650114Abstract: A method and system for reserving future purchases of airline services using electronic options. The electronic options are used to reserve plural different types of airline services including selection of: a desired seat row location, a desired seat location in a desired row location, a plural adjacent seats in a desired row, a plural adjacent seats in a plural desired rows, a desired location in an overhead bin to store carry-on luggage, a priority boarding sequence, a priority exiting sequence, priority pre-flight baggage handling, priority post-flight baggage handling, cancellation and change privileges for a purchased airline ticket, a priority list position in a stand-by list and/or a priority list position for an automatic upgrade to a first class seat, business class seat or other non-economy seat and/or other airline services.Type: GrantFiled: October 29, 2012Date of Patent: February 11, 2014Assignee: Smart Options, LLCInventors: Christian S. Pappas, Charles P. Brown
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Patent number: 8620771Abstract: A method and system for reserving future purchases of goods or services using plural electronic options. The purchased electronic options are automatically exercised upon completion of an electronic purchase transaction for a desired good or service associated with the purchased electronic option and a final purchase price automatically adjusted based on exercising the electronic option. The final purchase price is adjusted based on electronic option terms as well as other factors including reward points, loyalty points, etc.Type: GrantFiled: June 13, 2011Date of Patent: December 31, 2013Assignee: Smart Options, LLCInventors: Christian S. Pappas, Charles P. Brown
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Publication number: 20130341001Abstract: The present invention is directed to a mobile coiled tubing unit that has a moveable coiled tubing reel and mast. The apparatus itself can be moved laterally using retractable jacks and hydraulic cylinders. The mast is retractable into a mast sleeve. The movable nature of the elements of the apparatus allow for easier alignment with the well head and balanced transportation. The reel can also be raised to increase clearance to facilitate transportation over rough or uneven terrain.Type: ApplicationFiled: June 10, 2013Publication date: December 26, 2013Applicant: OPTION INDUSTRIES INC.Inventors: Dustin KOS, Marlin BELANGER, Preston KURASH
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Patent number: 8612323Abstract: Systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant are disclosed. The method may include a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more of market characteristics in memory. The method may further include calculating a trade fee or rebate that is based on at least one of the order information parameters and at least one of the market characteristics stored in memory. A system may include a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, the processor configured to execute the instructions according to the method set out above.Type: GrantFiled: June 7, 2012Date of Patent: December 17, 2013Assignee: Chicago Board Options Exchange, IncorporatedInventors: Eric Frait, Eileen C. Smith
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Publication number: 20130307998Abstract: A value management network including photobooths interacting with a master administrative application programming interface (MAAPI), a master database and a master dashboard coupled to the MAAPI, in which the MAAPI retrieves photodata for a customer from a selected photobooth and stores the uniquely identified photodata in a database. The MAAPI collects and stores in the database a file containing a venue identifier, a customer identifier, and the photodata. The master dashboard is configured to manipulate, to create, or to delete the file in the database; and an auxiliary dashboard is coupled to the MAAPI and configured to provide the MAAPI with a data collection element pertaining to the customer. A customer datafile of the customer is provided to the MAAPI by the third-party connection, and combined in the database with the venue identifier, the customer identifier, the token, and the photodata, all accessible in the database by the MAAPI.Type: ApplicationFiled: September 14, 2012Publication date: November 21, 2013Applicant: Third Coast Construction, Inc. dba Photo Booth OptionsInventors: Gerald Monroe Tautenhahn, Carl Henly Tautenhahn, Mark Miller
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Publication number: 20130293590Abstract: A mobile terminal comprises a screen adapted to display graphic objects, including widgets corresponding to their respective applications, said widgets being partial interfaces of the applications to which they correspond in each case. The mobile terminal (4.4) determines the dimensions of at least one variable-size widget and/or of at least one graphic representation of at least one widget, based on at least one request notification for at least one application to which at least one of the widgets displayed corresponds. The mobile terminal then updates (4.5) the widget display based on the dimensions it has determined. The dimensions of widgets and/or graphic representations of widgets therefore change in line with the requests for the applications to which they correspond.Type: ApplicationFiled: September 12, 2011Publication date: November 7, 2013Applicant: OPTIONInventors: Sylvain Gommier, Jérôme Nadel
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Publication number: 20130282553Abstract: A system and method for trading derivatives in penny increments while disseminating quotes for derivatives in nickel/dime increments is disclosed. A trading engine receives quotes for a derivative in penny increments from at least one entity. The trading engine rounds out the quotes for the derivative in penny increments to quotes for the derivative in nickel/dime increments. The quotes in nickel/dime increments are aggregated and disseminated. The trading engine receives bids and offers to take positions in the derivative based on the aggregate quotes for the derivative in nickel/dime increments and executes trades for the derivative by matching bids and offers to buy and sell positions in the derivative.Type: ApplicationFiled: June 14, 2013Publication date: October 24, 2013Applicant: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATEDInventors: Edward T. Tilly, Christopher Gust
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Publication number: 20130268853Abstract: A mobile terminal displays on a screen a panel from among a plurality of man-machine interface panels on which graphic objects relative to the applications installed on the mobile terminal may be placed. Each application is associated with at least one application category. The mobile terminal determines (4.2) at least one application category to which is associated the panel displayed on the screen, and decides (4.4) to authorize or not authorize whether the graphic objects are placed on the displayed panel, depending on the application category or categories associated with the displayed panel. A menu, comprising graphic objects relative to the applications and from which graphic objects relative to the applications installed on the mobile terminal may be installed on the displayed panel, is organized depending on the application category or categories associated with the displayed panel.Type: ApplicationFiled: September 9, 2011Publication date: October 10, 2013Applicant: OPTIONInventors: Sylvain Gommier, Jerome Nadel
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Patent number: 8543450Abstract: A method and system for reserving future purchases of goods or services or events including plural electronic options with associated option fees for the goods or services or events. The plural electronic options include electronic option terms established by one or more suppliers who can supply the goods or services or events. The purchase of the electronic option is accepted according to electronic option terms established by the desired supplier. The option terms may vary greatly among the individual suppliers and no two suppliers may use the same option terms. The electronic option includes a personalized electronic coupon dynamically created by a server network device.Type: GrantFiled: July 16, 2012Date of Patent: September 24, 2013Assignee: Smart Options, LLCInventors: Christian S. Pappas, Charles P. Brown
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Patent number: 8533091Abstract: A system and method for creating a volatility arbitrage bench mark index is disclosed. The method includes obtaining closing prices of an underlying instrument, such as a derivative investment instrument, and calculating a value representing a volatility arbitrage benchmark. The value may be displayed at a trading facility and volatility arbitrage benchmark quotes may be transmitted by the trading facility to a market participant.Type: GrantFiled: February 17, 2012Date of Patent: September 10, 2013Assignee: Chicago Board Options Exchange, IncorporatedInventor: John C. Hiatt, Jr.
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Publication number: 20130222258Abstract: A mobile terminal (1.0) comprises, in a casing, a plurality of elements including, at least, one screen (1.2), one keypad (1.11), one battery, one printed circuit on which is placed at least one central processor of the mobile terminal. The printed circuit is connected to the battery. The casing comprises a first part (1.1) comprising the screen and a second part (1.4) comprising the keypad, the second part of the casing being assembled in a mobile manner between a retracted position and a deployed position in a cavity (1.7) formed in the first part of the casing. The first part of the casing comprises a first element (1.8) from among the battery and the printed circuit, and the second part of the casing comprises the second element (1.9) from among the battery and the printed circuit. The first element from among the battery and the printed circuit and the cavity are positioned on both sides of a plane perpendicular to the screen.Type: ApplicationFiled: September 23, 2011Publication date: August 29, 2013Applicant: OPTIONInventor: Fernando Romao
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Publication number: 20130217248Abstract: The invention relates to a USB stick comprising an oblong body which comprises electronic components and a USB connector electrically connected to the electronic components, the oblong body comprising a first part and a second part which are fixed to each other by means of a hinge connection, the first part comprising the USB connector and being rotatable with respect to the second part between a storage position in which the USB connector is stored inside the oblong body and a first use position in which the USB connector extends from the oblong body, the hinge mechanism comprising a spring mechanism for moving the first part. The hinge connection comprises a blocking mechanism, provided for releasably blocking the first part in the first use position or a second use position located between the first use position and the storage position.Type: ApplicationFiled: July 26, 2011Publication date: August 22, 2013Applicant: OPTIONInventors: Thomas Stevens, Jon Jacobson
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Patent number: 8510210Abstract: Systems and methods for creating and disseminating an interest rate swap volatility index based on an underlying interest rate swaption, and for creating and trading derivative investment products based on the interest rate swap volatility index, are disclosed. In one aspect, an interest rate swap volatility index based on an underlying interest rate swaption is calculated. The interest rate swap volatility index may be accessed by a processor of a trading platform and a standardized, exchange traded derivative may be created based on the calculated interest rate swap volatility index. Information associated with the interest rate swap volatility index derivative may then be transmitted for display.Type: GrantFiled: June 20, 2012Date of Patent: August 13, 2013Assignee: Chicago Board Options Exchange, IncorporatedInventors: Yoshiki Obayashi, Antonio Mele
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Publication number: 20130190882Abstract: A humeral head prosthetic device including a chassis and a head attached or attachable to the chassis. In the preferred embodiment, the chassis includes a tapered and multifaceted anchor element attached to and projecting distally from a base element, the configuration of the tapered and multifaceted anchor element adapted to counter rotation of the chassis once it is impacted into the humeral head. The preferred embodiment of humeral head prosthetic device also includes one or more blind holes each of the blind holes or slots being defined in part by a penetrable wall, each of the blind holes including a wall that may be readily penetrated in order permit insertion of a tool to aid in removal of the prosthesis where such removal is required.Type: ApplicationFiled: January 20, 2013Publication date: July 25, 2013Applicant: SHOULDER OPTIONS, INC.Inventor: Shoulder Options, Inc.