Patent ID: 8965804
Filing Date: 2015-02-24
Classification: G06Q

Abstract:
1. A computer implemented method for operating an exchange, the method comprising: a. listing via a computer a plurality of swaps, each swap comprising terms that determine a plurality of synthetic payment streams including a first synthetic stream of payments and a second synthetic stream of payments; b. calculating an index for each swap with the computer, the index calculated to track a value of the first synthetic stream of payments less the second synthetic stream of payments; c. rebalancing the index with the computer at a predetermined frequency by synthetically selling the swap and synthetically buying a rebalancing swap under the terms that determined the plurality of synthetic payment streams; d. receiving via the computer an electronic signal that represents an order to buy or an order to sell a derivative financial instrument, the order to buy or order to sell the derivative financial instrument identifying one of the plurality of listed swaps and a notional amount; e. executing the order to buy or order to sell; f. recording the index for the identified swap contemporaneous with the executing step, the value of the derivative financial instrument at a time after the executing step is determined by multiplying the notional amount by a change in the index for the identified swap since the executing step; and g. making available each index via the computer.