Patent ID: 8533090

Claim:
A computer implemented method of creating a security futures contract for inclusion as part of an exchange for physicals trade, wherein a first counterparty computer is communicatively connected to a second counterparty computer via a computer network, the method comprising: receiving a request message from the first counterparty computer at the second counterparty computer to create the security futures contract, the request message including a first indication of an underlying security for which the security futures contract will be associated, and a second indication of a selected expiration date for the security futures contract, wherein the selected expiration date is different than available expiration dates for other security futures contracts related to the underlying security as listed on a futures trading exchange; automatically identifying one or more available exchange for physicals trades including the securities futures contract based on rate of return and selecting one of the available exchange for physicals trades; receiving a request message from the first counterparty computer to execute one of the identified exchange for physicals trades including the security futures contract with the selected expiration date and a trade for the underlying security; transmitting a quote message from the second counterparty computer to the first counterparty computer including at least a price quote for the security futures contract based on the first and second indications in the request message; receiving an acceptance message from the first counterparty computer at the second counterparty computer indicating acceptance of the price quote; facilitating creation of the security futures contract whereby the security futures contract based on the underlying security has an expiration date equal to the selected expiration date; and facilitating the exchange for physicals trade including the security futures contract.