Patent ID: 8069107
Filing Date: 2011-11-29
Classification: G06Q

Abstract:
1. A computerized method for online trading of options on liquefied natural gas (LNG), comprising: providing an interface screen that shows market data and market data analysis for conducting a transaction and allows a user to input various transaction parameters, wherein said market data and market data analysis shown on the interface screen are continuously updated and wherein said transaction parameters comprise a cargo size of the LNG to be sold, a time of delivery, and a discount value, wherein said discount value is the discount that the user is willing to give in order to sell the LNG; dynamically receiving, via the interface screen, selected transaction parameters for an option to sell LNG from the user and generating said option on demand; calculating, at a server, a spread option value for said option based on the selected transaction parameters including said discount value and the continuously updated market data including NYMEX Henry Hub price, ICE NBP price, and the difference between NYMEX Henry Hub and ICE NBP prices; providing, via the interface screen, the dynamically calculated spread option value to the user, wherein said interface screen allows the user to determine an option premium the user is willing to pay for the option by entering an offer percentage and submitting an on-line offer to purchase said option at said option premium, wherein said option premium is the product of said spread option value and said offer percentage; receiving said on-line offer for purchasing said option from the user; and presenting the received offer to a seller of said option for acceptance or rejection.