Apparatus and process for transacting an expirationless option

G - Physics – 06 – Q

Patent

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G06Q 30/00 (2006.01) G06Q 40/00 (2006.01)

Patent

CA 2265963

A system and process for use in transacting an expirationless option on a particular asset. A user using a video display (220) is prompted to input data representative of a particular asset, the option type, an exercise price, the current price, the historic price volatility and the margin requirement for the particular asset. These data may be also obtained from a data source (130) and are later stored in a storage medium (250 or 350). These data are used in an algorithm for obtaining the option premium data for use in transacting the expirationless option.

La présente invention se rapporte à un dispositif et à un procédé qui peuvent être mis en oeuvre sur une grande variété de systèmes informatiques. Ledit dispositif et ledit procédé font usage d'un système informatique pour recevoir et stocker des données représentatives d'un actif particulier, un type d'option (option d'achat ou option de vente), un prix de levée d'option demandé et une multitude d'autres variables liées audit actif. Ledit dispositif et ledit procédé génèrent ensuite des données représentatives d'un prix de l'option non associée à une date d'expiration en vue de leur utilisation lors de la négociation de ladite option.

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