Mark W Ruane

US Patent:

20050114255, May 26, 2005

Filed:

Feb 26, 2004

Appl. No.:

10/787529

Inventors:

Francis Shields - Media PA, US
Todd Bessemer - Wynnewood PA, US
Mark Ruane - Houston TX, US

International Classification:

G06F017/60

US Classification:

705037000

Abstract:

A spot market clearing house for clearing spot market trades. The spot market clearing house may receive data indicative of settlement for the spot market trades of a participant in a single spot market or in multiple spot markets. The data may include data indicative of initial settlement and data indicative of revised settlement amounts. The spot market clearing house may further determine performance bonds amounts based on daily exposures of the participant in the single spot market or multiple spot markets. The spot market clearing house may manage fund transfers to clear trades of the participant and to satisfy performance bond amounts.