Invention Grant
- Patent Title: Foreign currency index
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Application No.: US13156042Application Date: 2011-06-08
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Publication No.: US08121936B2Publication Date: 2012-02-21
- Inventor: Scott Brusso , Sayee Srinivasan
- Applicant: Scott Brusso , Sayee Srinivasan
- Applicant Address: US IL Chicago
- Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee: Chicago Mercantile Exchange Inc.
- Current Assignee Address: US IL Chicago
- Agency: Banner & Witcoff, Ltd.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Systems and methods are provided for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions of the financial instruments are determined by calculating a geometric average of the exchange rates of foreign currencies with corresponding competitive weights. The competitive weights for each of the foreign currencies reflects competition between the goods of the United States and a country corresponding to the foreign currency in the markets of third countries.
Public/Granted literature
- US20110238563A1 Foreign Currency Index Public/Granted day:2011-09-29
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