Cross-currency implied spreads

Abstract

A system can include a first computer hardware means for identifying a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product. The system can also include a second computer hardware means for generating a new order book for the new product based on the first and second available products. The system can also include a third computer hardware means for causing the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book.

1 .- 19 . (canceled) 
     
     
         20 . A method, comprising:
 identifying, by a computer processor, a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product;   generating, by the computer processor, a new order book for the new product based on the first and second available products; and   causing, by the computer processor, the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book.   
     
     
         21 . The method of  claim 20 , comprising: receiving, by the computer processor, the first and the second available order books from a server device communicatively coupled to the computer processor over a computer network. 
     
     
         22 . The method of  claim 20 , comprising: correlating, by the computer processor, the first and the second available order books based on the first and the second components, wherein the generating of the new order book is also based on the correlation. 
     
     
         23 . The method of  claim 22 , wherein the correlating is based on a transitive relationship between one or more orders to buy or sell in the first available order book and one or more orders to buy or sell in the second available order book. 
     
     
         24 . The method of  claim 20 , comprising: displaying the new product by a display device communicatively coupled to the computer processor. 
     
     
         25 . The method of  claim 20 , wherein the first and the second components each comprise a respective currency. 
     
     
         26 . The method of  claim 20 , wherein the new order book includes orders associated with the first and the second available order books and outright orders received for the new product. 
     
     
         27 . A system stored in a non-transitory medium executable by a processor, comprising:
 an identification device configured to identify a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product;   a generator device communicatively coupled to the identification device, the generator device configured to generate a new order book for the new product based on the first and second available products; and   a product listing device communicatively coupled to the generator device, the product listing device configured to cause the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book.   
     
     
         28 . The system of  claim 27 , comprising: an interface communicatively coupled to the identification device, the interface configured to receive the first and the second available order books from a server device communicatively coupled to the identification device over a computer network. 
     
     
         29 . The system of  claim 27 , comprising: a correlation device communicatively coupled to the generator device, the correlation device configured to correlate the first and the second available order books based on the first and the second components, wherein the generation by the generation device is also based on the correlation. 
     
     
         30 . The system of  claim 29 , wherein the correlation is based on a transitive relationship between one or more orders to buy or sell in the first available order book and one or more orders to buy or sell in the second available order book. 
     
     
         31 . The system of  claim 27 , comprising: a display device communicatively coupled to the product listing device, the display device configured to display the new product. 
     
     
         32 . The system of  claim 27 , wherein the first and the second components each comprise a respective currency. 
     
     
         33 . The system of  claim 27 , wherein the new order book includes orders associated with the first and the second available order books and outright orders received for the new product. 
     
     
         34 . A system, comprising:
 a first computer hardware means for identifying a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product;   a second computer hardware means for generating a new order book for the new product based on the first and second available products; and   a third computer hardware means for causing the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book.   
     
     
         35 . The system of  claim 34 , comprising: a fourth computer hardware means for receiving the first and the second available order books from a server device over a computer network. 
     
     
         36 . The system of  claim 34 , comprising: a fifth computer hardware means for correlating the first and the second available order books based on the first and the second components, wherein the generating of the new order book is also based on the correlation. 
     
     
         37 . The system of  claim 36 , wherein the correlating is based on a transitive relationship between one or more orders to buy or sell in the first available order book and one or more orders to buy or sell in the second available order book. 
     
     
         38 . The system of  claim 34 , comprising: a sixth computer hardware means for displaying the new product. 
     
     
         39 . The system of  claim 34 , wherein the first and the second components each comprise a respective currency, and wherein the new order book includes orders associated with the first and the second available order books and outright orders received for the new product.