US 11,756,118 B2
Systems and methods for trades priced relative to a reference benchmark value associated with an underlying index future
Clifford J. Weber, Basking Ridge, NJ (US); and Lynn C. Martin, New York, NY (US)
Assigned to NYSE American LLC, New York, NY (US)
Filed by NYSE MKT LLC, New York, NY (US)
Filed on Nov. 17, 2014, as Appl. No. 14/542,701.
Application 14/542,701 is a continuation of application No. 14/212,077, filed on Mar. 14, 2014, granted, now 10,430,879.
Claims priority of provisional application 61/790,782, filed on Mar. 15, 2013.
Prior Publication US 2015/0073972 A1, Mar. 12, 2015
This patent is subject to a terminal disclaimer.
Int. Cl. G06Q 40/00 (2023.01); G06Q 40/04 (2012.01)
CPC G06Q 40/04 (2013.01) 27 Claims
OG exemplary drawing
 
1. A system for efficient data storage, comprising:
a processor;
a communication device operatively coupled to the processor, the communication device configured to receive an indication of a trade to be priced relative to a reference benchmark value associated with multiple time zones when the trade is initiated in a first time zone;
the communication device further configured to receive components of the reference benchmark value from at least one external data source via an electronic network, each of the components received at a specific time point associated with a respective one of the multiple time zones, the specific time point differing from a closing time of the first time zone;
a database operatively coupled to the processor; and
an interactive encrypted application stored in a system memory that, when executed by the processor, causes the system to:
generate a trade identifier and link the trade identifier with the trade,
map the trade identifier and information associated with the trade to predefined fields in a data table within the database,
store the trade identifier and the information associated with the trade in the data table, in a searchable format, at least until a last of the components of the reference benchmark value associated with the multiple time zones is available, thereby delaying execution of the trade, such that retrieval of any portion of the information associated with the trade comprises searching for the trade identifier in a predefined field among the predefined fields of the data table,
upon determining that the last of the components of the reference benchmark value is available, automatically retrieve said last component and determine the reference benchmark value based on all of said components of the reference benchmark value associated with the multiple time zones,
retrieve at least a portion of the information associated with the trade from among the predefined fields of the data table, and
assign a final value of the trade to the at least portion of information retrieved from the data table, based on the automatically determined reference benchmark value associated with the multiple time zones, to create an executable trade.