PATENT CLAIM ANALYSIS

Application Number: 15970445
Application Type: Utility
Filing Date: 2018-05
Publication Date: 2018-09
Patent Classification: ["705", "03600R"]

Abstract:
A computer implemented method and system for determining fair-value prices of a futures contract of index i having foreign constituent securities includes using a computer to receive electronic data for the index i. A computer can be used to calculate alpha (α) and beta (β) coefficients using a regression analysis. The alpha (α) coefficient represents a risk-adjusted measure of return on the index i, and the beta (β) coefficient represents a metric that is related to a correlation between an overnight return of the index i and a proxy market. A computer can receive a settlement price (SETT i ) for a futures contract for index i, and calculate a fair-value adjusted price for the futures contract of index i based at least in part on the alpha (α) and beta (β) coefficients, the futures contract settlement price (SETT i ) for index i, and at least one return of a predetermined factor (Z i ) during a stale period.

Claim (Index 15):
The system of  claim 9 , wherein the fair-value computation server is further configured to output a fair-value adjustment coefficient (1+{circumflex over (\u03b1)}+{circumflex over (\u03b2)}Z t ).

Metadata:
- Claim Count in Document: 1.0
- Percentile: 93.0
- Lexical Diversity: 2.44
- Patent Class: 705.0
- Transitional Phrase Type: none
- Component Type: 0
- Foreign Priority: False
- Related Applications: ['12463655', '13224780', '13841537', '13494225', '12980004']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1752839326792462
- 35 USC 102 Novelty (BERT): 0.5405517961770165
- Combined Prediction Score: 0.2118107190290233
- Mean Citation Score: 379.13393600000006
- Max Citation Score: 409.50336
- Similarity Product: 271.35690888587953

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 1
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test