US 12,361,490 B2
User interface functionality and enhancements for commodity pricing arrangements
David Matthew Pellinger, Plymouth, MN (US); and Jeff Klock, Browerville, MN (US)
Assigned to CARGILL, INCORPORATED, Wayzata, MN (US)
Appl. No. 18/559,963
Filed by Cargill, Incorporated, Wayzata, MN (US)
PCT Filed May 11, 2022, PCT No. PCT/US2022/028700
§ 371(c)(1), (2) Date Nov. 9, 2023,
PCT Pub. No. WO2022/240940, PCT Pub. Date Nov. 17, 2022.
Claims priority of provisional application 63/188,538, filed on May 14, 2021.
Prior Publication US 2024/0257241 A1, Aug. 1, 2024
Int. Cl. G06Q 40/04 (2012.01)
CPC G06Q 40/04 (2013.01) 18 Claims
OG exemplary drawing
 
1. A non-transitory computer-readable storage medium comprising instructions to provide a graphical user interface for customizing a financial derivative strategy associated with a commodity delivery contract, wherein the instructions, when executed, configure hardware processing circuitry of a computing system to perform operations comprising:
simultaneously accessing a contract processing system and a pricing system;
generating an information display and an interactive graph representation of the graphical user interface, the interactive graph representation providing a vertical axis and a horizontal axis, wherein the vertical axis corresponds to price values and the horizontal axis corresponds to time values of the financial derivative strategy;
providing, within the interactive graph representation, at least one vertical user interface control controlling horizontal movement among multiple positions within the interactive graph representation, wherein a position of the vertical user interface control selects a time value associated with the financial derivative strategy;
providing, within the interactive graph representation, at least one horizontal user interface control controlling vertical movement among multiple positions within the interactive graph representation, wherein a position of the horizontal user interface control selects a price value associated with the financial derivative strategy;
outputting, in the information display, the time value and the price value for the financial derivative strategy, corresponding to respective positions of the vertical user interface control and the horizontal user interface control;
outputting, in the information display, a price quote corresponding to the financial derivative strategy, the price quote obtained from the pricing system based on the time value and the price value, wherein the price quote is associated with an expiration time for activation of the financial derivative strategy;
dynamically updating the expiration time to a subsequent expiration time for activation of the financial derivative strategy based on the position of the horizontal user interface control;
outputting, in the information display, an updated price quote replacing the price quote, based on the time value and the price value, wherein the updated price quote is associated with the subsequent expiration time; and
accessing the contract processing system performing creating and updating a commodity delivery contract based on the updated price quote.