Patents by Inventor Peter Stuart SEIDEL

Peter Stuart SEIDEL 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: 20090254471
    Abstract: A method and system are provided for executing a transaction relating to a first futures contract. The first futures contract involves a tradable asset, such as crude oil or another commodity, and a first contract price and a first settlement price expressed in a first currency, such as U.S. dollars. The first settlement price is updated on a periodic basis, typically daily. The method involves providing a second futures contract having an underlying instrument that includes the first futures contract. The second futures contract includes a second latest possible delivery date and a second contract price and a second settlement price that are denominated in a second currency. The second settlement price is updated periodically. A periodic mark-to-market operation credits or debits a buyer of the second futures contract based on the periodic update to the second settlement price.
    Type: Application
    Filed: April 3, 2008
    Publication date: October 8, 2009
    Inventors: Peter Stuart SEIDEL, Peter Joseph Kovac