WO2002091650A3 - A low-bandwidth distribution system and method for option quotes, theoretical prices, and derivatives - Google Patents

A low-bandwidth distribution system and method for option quotes, theoretical prices, and derivatives Download PDF

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Publication number
WO2002091650A3
WO2002091650A3 PCT/US2002/014422 US0214422W WO02091650A3 WO 2002091650 A3 WO2002091650 A3 WO 2002091650A3 US 0214422 W US0214422 W US 0214422W WO 02091650 A3 WO02091650 A3 WO 02091650A3
Authority
WO
WIPO (PCT)
Prior art keywords
derivatives
low
distribution system
method
data
Prior art date
Application number
PCT/US2002/014422
Other languages
French (fr)
Other versions
WO2002091650A2 (en
Inventor
Edwin P Chen
David W Walthour
Original Assignee
Edwin P Chen
Stafford Trading Inc
David W Walthour
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Priority to US28945301P priority Critical
Priority to US60/289,453 priority
Application filed by Edwin P Chen, Stafford Trading Inc, David W Walthour filed Critical Edwin P Chen
Publication of WO2002091650A2 publication Critical patent/WO2002091650A2/en
Publication of WO2002091650A3 publication Critical patent/WO2002091650A3/en

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Classifications

    • GPHYSICS
    • G06COMPUTING; CALCULATING; COUNTING
    • G06QDATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTING PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/04Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A low bandwidth mechanism for distribution of quotes (16, 30, 70) , theoretical prices, and derivatives to remote clients (32) is achieved by decomposing the description of these values into their fundamental components (e.g., parameters (156) of the option pricing model, market data such as dividends and interest rates, contract data such as expiration date, and the price of the underlying instrument), transmitting these to the remote client, and utilizing a mirror of the software on both the local and remote sites in order to reconstruct the same values on both sides. Significant reductions in bandwidth usage are achieved by sending updates (234, 236) to the fundamental components only when their state has changed and by limiting the data being sent in the update message to only the specific values that have changed state.
PCT/US2002/014422 2001-05-08 2002-05-08 A low-bandwidth distribution system and method for option quotes, theoretical prices, and derivatives WO2002091650A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
US28945301P true 2001-05-08 2001-05-08
US60/289,453 2001-05-08

Applications Claiming Priority (1)

Application Number Priority Date Filing Date Title
AU2002305432A AU2002305432A1 (en) 2001-05-08 2002-05-08 A low-bandwidth distribution system and method for option quotes, theoretical prices, and derivatives

Publications (2)

Publication Number Publication Date
WO2002091650A2 WO2002091650A2 (en) 2002-11-14
WO2002091650A3 true WO2002091650A3 (en) 2004-03-04

Family

ID=23111599

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2002/014422 WO2002091650A2 (en) 2001-05-08 2002-05-08 A low-bandwidth distribution system and method for option quotes, theoretical prices, and derivatives

Country Status (2)

Country Link
AU (1) AU2002305432A1 (en)
WO (1) WO2002091650A2 (en)

Families Citing this family (5)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7440917B2 (en) 2003-03-10 2008-10-21 Chicago Mercantile Exchange, Inc. Order risk management system
US7152041B2 (en) 2003-03-10 2006-12-19 Chicago Mercantile Exchange, Inc. Derivatives trading methods that use a variable order price
US7571133B2 (en) 2003-03-10 2009-08-04 Chicago Mercantile Exchange, Inc. Derivatives trading methods that use a variable order price and a hedge transaction
US8117609B2 (en) 2006-12-20 2012-02-14 Omx Technology Ab System and method for optimizing changes of data sets
US20080155015A1 (en) 2006-12-20 2008-06-26 Omx Technology Ab Intelligent information dissemination

Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20010032169A1 (en) * 2000-03-28 2001-10-18 Jean-Yves Sireau Betting system and method
US20010034689A1 (en) * 2000-01-21 2001-10-25 Heilman Theodore A. Method and system of negotiating a transaction over a network
US20010051907A1 (en) * 1998-12-08 2001-12-13 Srihari Kumar Interactive financial portfolio tracking interface
US20020004776A1 (en) * 2000-07-07 2002-01-10 Gladstone Garry D. Method and system for automated trading of financial instruments
US20020019810A1 (en) * 1998-12-08 2002-02-14 Srihari Kumar Portfolio synchronizing between different interfaces
US20020107770A1 (en) * 2000-05-12 2002-08-08 Meyer Chadwick M. System for allocating funds in a plurality of stock portfolios
US20020120550A1 (en) * 2001-02-26 2002-08-29 Yang Chen-Shi Computer online trading method for integrating sale and purchase processes and a system for the same

Patent Citations (7)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US20010051907A1 (en) * 1998-12-08 2001-12-13 Srihari Kumar Interactive financial portfolio tracking interface
US20020019810A1 (en) * 1998-12-08 2002-02-14 Srihari Kumar Portfolio synchronizing between different interfaces
US20010034689A1 (en) * 2000-01-21 2001-10-25 Heilman Theodore A. Method and system of negotiating a transaction over a network
US20010032169A1 (en) * 2000-03-28 2001-10-18 Jean-Yves Sireau Betting system and method
US20020107770A1 (en) * 2000-05-12 2002-08-08 Meyer Chadwick M. System for allocating funds in a plurality of stock portfolios
US20020004776A1 (en) * 2000-07-07 2002-01-10 Gladstone Garry D. Method and system for automated trading of financial instruments
US20020120550A1 (en) * 2001-02-26 2002-08-29 Yang Chen-Shi Computer online trading method for integrating sale and purchase processes and a system for the same

Also Published As

Publication number Publication date
AU2002305432A1 (en) 2002-11-18
WO2002091650A2 (en) 2002-11-14

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