Peter K Barker

US Patent:

7870060, Jan 11, 2011

Filed:

Sep 20, 2007

Appl. No.:

11/858616

Inventors:

Peter Barker - Chicago IL, US
Richard Co - Chicago IL, US
Larry Grannan - Chicago IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 1, 705 4, 705 26, 705 39, 705 41

Abstract:

Networks, systems and methods that match orders for bundled financial instruments are disclosed. In one example, the bundled financial instrument includes packaged underlying financial instruments that together provide an economic equivalent exposure to a long-term investment vehicle. The bundled financial instrument may include any set of contracts considered a linear combination of a plurality of standardized contracts associated with an obligation to exchange an asset at a set price on a future date. An open position for the bundled financial instrument is a function of the prices for each of the standardized contracts of the bundle and remains open from execution of the order to the earlier of a maturity of the bundled financial instrument, a conversion of the bundled financial instrument into constituent parts of the linear combination of a plurality of standardized contracts, or in the case where the bundled instrument is fractional size contract, when multiple bundles are converted to a single position of a corresponding full-sized instrument.

US Patent:

8370248, Feb 5, 2013

Filed:

Oct 1, 2007

Appl. No.:

11/865176

Inventors:

Peter Barker - Chicago IL, US
Morgan Culverhouse - Chicago IL, US
Larry Grannan - Chicago IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35

Abstract:

Networks, systems and methods that match orders for TBA futures and settle and clear open positions for TBA futures are disclosed. The TBA futures may include MBS TBA future contracts. A central counterparty clearing firm may net long and short positions and generate delivery instructions to parties having open positions.

US Patent:

8498918, Jul 30, 2013

Filed:

Jun 2, 2006

Appl. No.:

11/421981

Inventors:

Robin S. Ross - Chicago IL, US
Peter O. Barker - Chicago IL, US
Neal Brady - Evanston IL, US
John Curran - Chicago IL, US
Jeffrey P. Kilinski - Glen Ellyn IL, US
David Salvadori - Bartlett IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 36 R

Abstract:

Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.

US Patent:

8527393, Sep 3, 2013

Filed:

Jul 14, 2011

Appl. No.:

13/183061

Inventors:

James Boudreault - Palatine IL, US
John Wiley - New York NY, US
Frederick Sturm - Chicago IL, US
Jonathan Kronstein - Elmhurst IL, US
Suzanne Spain - Chicago IL, US
Peter Barker - Chicago IL, US

Assignee:

Chicago Mercantile Exchange Inc. - Chicago IL

International Classification:

G06Q 40/00
G06Q 40/02
G06Q 40/04
G06Q 40/08

US Classification:

705 37, 705 35, 705 36 R

Abstract:

The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i. e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U. S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures.

US Patent:

20110078070, Mar 31, 2011

Filed:

Dec 8, 2010

Appl. No.:

12/962939

Inventors:

Peter Barker - Chicago IL, US
Richard Co - Chicago IL, US
Larry Grannan - Chicago IL, US

Assignee:

CHICAGO MERCANTILE EXCHANGE, INC. - CHICAGO IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Networks, systems and methods that match orders for bundled financial instruments are disclosed. In one example, the bundled financial instrument includes packaged underlying financial instruments that together provide an economic equivalent exposure to a long-term investment vehicle. The bundled financial instrument may include any set of contracts considered a linear combination of a plurality of standardized contracts associated with an obligation to exchange an asset at a set price on a future date. An open position for the bundled financial instrument is a function of the prices for each of the standardized contracts of the bundle and remains open from execution of the order to the earlier of a maturity of the bundled financial instrument, a conversion of the bundled financial instrument into constituent parts of the linear combination of a plurality of standardized contracts, or in the case where the bundled instrument is fractional size contract, when multiple bundles are converted to a single position of a corresponding full-sized instrument.

US Patent:

20130144775, Jun 6, 2013

Filed:

Feb 4, 2013

Appl. No.:

13/758016

Inventors:

Peter O. Barker - Chicago IL, US
Neal Brady - Evanston IL, US
John Curran - Chicago IL, US
Jeffrey P. Kilinski - Glen Ellyn IL, US
David Salvadori - Bartlett IL, US

Assignee:

CHICAGO MERCANTILE EXCHANGE, INC. - Chicago IL

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.

US Patent:

20130179319, Jul 11, 2013

Filed:

Jan 11, 2012

Appl. No.:

13/348251

Inventors:

Peter Barker - Chicago IL, US
James Boudreault - Palatine IL, US
Daniel Grombacher - Evsanston IL, US
Michael P. Kamradt - Flossmoor IL, US
Frederick Sturm - Chicago IL, US
John Labuszewski - Westmont IL, US

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

The disclosed embodiments relate to an exchange-traded futures contract, guaranteed by a clearing house, and characterized by an embedded price dynamic comprising a compound accrual of a periodic interest rate up to a date on which trading therein is terminated, as specified in the futures contract terms and conditions. A trader may be allowed and/or enabled to take a position in a futures contract with respect to an interest bearing underlier with a variable interest rate and, thereby, minimize the number of transactions and attendant costs with respect to monitoring and correcting for divergences between the futures position and the notional interest rate swap exposure for which the futures position is intended to serve as a proxy. Variation margin for the position is computed based on an underlying reference interest rate as opposed to being computed solely on the basis of the end-of-business day price of the futures contract.

US Patent:

20130317971, Nov 28, 2013

Filed:

Jul 30, 2013

Appl. No.:

13/954559

Inventors:

John Wiley - New York NY, US
Frederick Sturm - Chicago IL, US
Jonathan Kronstein - Elmhurst IL, US
Suzanne Spain - Chicago IL, US
Peter Barker - Chicago IL, US

Assignee:

Chicago Mercantile Exchange Inc. - Chicago IL

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

The disclosed embodiments relate to determining a listing date, an expiration date and the cash settlement price of a futures contract, i.e. a Treasury Futures, for the delivery of the most recently issued, referred to as an on-the-run, US treasury Note of a particular maturity by reference to the U.S. Treasury Auction cycle and the difference between a resultant industry surveyed swap rate and a resultant industry surveyed swap spread of the respective tenors (time remaining until maturity) of the on-the-run treasury futures.