Digital options having demand-based, adjustable returns, and...

G - Physics – 06 – Q

Patent

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G06Q 40/00 (2006.01)

Patent

CA 2440993

This invention provides methods and systems for trading and investing in groups of demand-based adjustable return ("DBAR") contingent claims, including digital options, and for establishing markets and exchanges for such claims. The advantages of the present invention, as applied to the establishment and operation of a DBAR digital options exchange, include the ability to offer investments whose profit and loss scenarios are comparable to those for digital options or other derivatives in traditional securities markets, without the need for options or derivatives sellers or order-matching of conventional markets. A DBAR digital options exchange of the present invention can also offer conditional investments, or limit orders, in which an investment in a state of a DBAR contingent claim (such as the price of an underlying asset or index) can be executed or withdrawn in response to the implied probability of the occurrence of that state.

L'invention porte sur des procédés et sur des systèmes s'appliquant au commerce et à l'investissement dans des groupes de revendications contingentes de retours ajustables à base de demande (<= DBAR >=), incluant des options numériques, et à l'établissement de marchés et de bourses d'échange pour de telles revendications. Les avantages de cette invention tels qu'ils s'appliquent à la création et à la mise en oeuvre d'une bourse d'échange DBAR d'options numériques, comportent investissements dont les scénarios de pertes et profits sont comparables à ceux des options numériques et autres dérivés dans des marchés de valeurs traditionnels, sans qu'il y ait besoin de vendeurs d'options ou de dérivés ou d'adéquation des ordres comme dans le cas des marchés conventionnels. Une bourse échange d'options numériques DBAR de cette invention permet également de proposer des investissements conditionnels ou des ordres limités permettant d'exécuter un investissement sous forme d'une revendication contingente DBAR (tel que le prix d'un actif de garantie ou un indice), ou de le retirer en réaction à la probabilité sous-jacente de la survenue de cette condition.

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