Patent ID: 8489486
Filing Date: 2013-07-16
Classification: G06Q

Abstract:
1. A method for making first long and short positions held by a first trader able to be offset against each other, the method comprising the steps of: receiving a first request from the first trader to make a first long position in a first futures contract traded in a first market and a first short position in a second futures contract traded in a second market different from the first market to be offset against each other, wherein the first long position has not expired and has a physical delivery associated therewith and wherein the first long position cannot be offset against the first short position because they are traded in different markets; querying a database to select a first entry stored therein, wherein the first entry is associated with a second request received from a second trader to liquidate a second short position for the first futures contract traded in the first market, wherein the second short position has not expired and has a physical delivery associated therewith; querying the database to select a second entry stored therein, wherein the second entry is associated with a third request received from a third trader to liquidate a second long position for the second futures contract traded in the second market; offsetting the first long position against the second short position and the first short position against the second long position, thereby eliminating delivery obligations of the first and second traders and wherein the net of all open long positions in the first market and of all open short positions in the first market after offsetting is unchanged.