Jeffrey E Power

US Patent:

8548892, Oct 1, 2013

Filed:

Nov 5, 2004

Appl. No.:

10/983170

Inventors:

Edward R. Howorka - Morris Plains NJ, US
David Jifeng Liu - East Rutherford NJ, US
Jeffrey Edward Power - Rockaway NJ, US
Nasir Ahmed Zubairi - New York NY, US
Neena Jain - South Plainfield NJ, US

Assignee:

EBS Group Limited - London

International Classification:

G06Q 40/00

US Classification:

705 37, 705 36 R

Abstract:

Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.

US Patent:

20090171829, Jul 2, 2009

Filed:

Feb 4, 2009

Appl. No.:

12/365339

Inventors:

Edward R. Howorka - Morris Plains NJ, US
David Jifeng Liu - East Rutherford NJ, US
Jeffrey Edward Power - Rockaway NJ, US
Nasir Ahmed Zubairi - New York NY, US
Neena Jain - South Plainfield NJ, US

Assignee:

EBS Group Ltd. - London

International Classification:

G06Q 40/00

US Classification:

705 35

Abstract:

Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.