Patent ID: 7562046
Filing Date: 2009-07-14
Classification: G06Q

Abstract:
1. A method of creating and trading a package of option contracts on an electronic trading system, the method comprising: identifying an underlying asset at the electronic trading system; selecting at a collar option package definition module of the electronic trading system one of a call option contract or a put option contract for the underlying asset as a first leg of an option collar; selecting at the collar option package definition module of the electronic trading system an unselected one of the call option contract or the put option contract for the underlying asset as a second leg of the option collar, wherein the second leg is selected based on a strike price of the first leg; listing via a pricing data accumulation and dissemination module of the electronic trading system the first and second legs of the option collar as a single packaged instrument on an exchange; accepting orders from investors to take positions in the packaged instrument; executing orders at an electronic trading engine in the electronic trading system by matching orders to take opposite positions in the packaged instrument.