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Patent of the Month

US 9,002,741 B2
       system for market hedging and related method

1. A system comprising: an Exchange-controlled network having at least one host server disposed at a first location, and being in communication with at least two front end virtual servers disposed at second and third locations: each of the two front end virtual servers including a processor configured to run a plurality of non-transitory, machine executable instructions, and at least one memory in communication with the processor, the memory configured to store the non-transitory, machine executable instructions which when running on the processor: at least one of the two front end virtual servers configured to collect data for a plurality of fuels, wherein the data include geographic locations where the fuels are discovered, a rate of extraction of the fuels and physical properties of the fuels; at least one of the two front end virtual servers configured to select fuels from the plurality of fuels based on the physical properties of the fuels to generate sets of fuels comprising fuel commodity benchmarks; at least one of the two front end virtual servers configured to generate weights for use in generating weighted averages, wherein a specific weight for generating a specific weighted average for a particular fuel in a specific set of the sets fuels is based on a rate of extraction of the particular fuel relative to an aggregate rate of extraction of the fuels in the specific set of fuels; at least one of the two front end virtual servers configured to generate the fuel commodity benchmarks indicating aggregate qualities of the sets of fuels, wherein a fuel commodity benchmark for a specific one of the sets of fuels is generated based on weighted averages of the physical properties of the fuels in the specific one of the sets of fuels; the host server configured to communicate the fuel commodity benchmarks to traders, and operating to receive orders for derivatives contracts from the traders' front end virtual servers to buy or sell derivatives contracts based on the fuel commodity benchmarks; the host server processing an order for derivatives contracts based on differences between actual physical properties of the fuel to be physically delivered under the terms of an operative derivatives contract and the aggregate qualities indicated by an operative fuel commodity benchmark associated with the specific set of fuels from which the fuel to be physically delivered is a component of; at least one of the two front end virtual servers periodically receiving updated fuel data for each of the fuels in the sets of fuels, and using the updated fuel data to periodically update the fuel commodity benchmarks over the Exchange-controlled network; and a dongle comprised of hardware and software, and wherein the dongle is configured to be coupled to at least one of the front end virtual servers, the dongle operative to configure its associated said front end virtual server for Exchange-controlled communications with the host server and other front end virtual servers and to enable the information to be passed along the Exchange-controlled network for purposes of creating the fuel commodity benchmarks, and for determining or effectuating orders to be placed for the complementary differential index contracts to be presented at a future settlement along with underlying exchange for physical (EFP) contracts being settled by physical delivery. 

 Kasha Law LLC is an Intellectual Property law firm located in the Washington D.C. area.  The firm specializes in high quality patent preparation and prosecution before the United States Patent and Trademark Office.  The firm has significant experience in electrical engineering, software development, and financial services.  The firm is well-suited to handle your most complex cases in these and other areas.


February 2, 2016 - Kasha Law LLC will celebrate its 10th Anniversary this year! 

January 15, 2016 - Supreme Court grants petitions for writs of certiorari in CUOZZO SPEED TECHNOLOGIES V. LEE, MICHELLE K. (Kasha Law LLC served as counsel before PTAB and CAFC) Order 

December 22, 2015 - Hoverboards epitomize broken patent system. WSJ article 

August 20, 2015 - USPTO releases proposed rule changes for post-grant proceedings. Proposed Rules 

August 6, 2014 -  For applications withdrawn from allowance due to Alice decision, Applicants may request a refund, a credit to a deposit account, or reapplication of the fee if the applications return to allowed status.

August 6, 2014 - USPTO guidelines in light of Alice decision.

August 16, 2013 - Kasha Law LLC serves as co-counsel for first ever Oral Hearing in an Inter Partes Review.

October 1, 2012 - Kasha Law LLC is pleased to welcome Kelly L. Kasha as our new managing member. People

September 11, 2012 - Of USPTO's 11,000 employees, 66.3% telework. Washpost

June 9, 2011 -
Unanimous Supreme Court upholds clear and convincing standard for proving patent invalidity.