US Patent Issued to Chicago Mercantile Exchange on July 22 for "Single action replication of complex financial instrument using options strip and user interface therefore" (Illinois, New York Inventors)

ALEXANDRIA, Va., July 23 -- United States Patent no. 12,367,526, issued on July 22, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Single action replication of complex financial instrument using options strip and user interface therefore" was invented by Carrick John Pierce (New York) and John Joseph Wiesner (Aurora, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to a user interface which enables a trader to acquire a synthetic variance swap position, comprising a plurality of options contracts on an underlier, such as an underlying futures contract, in single action thereby avoiding slippage risk. Furthermore, the disclosed user interface allows a trader t...