US Patent No: 7,366,690

Number of patents in Portfolio can not be more than 2000

Architecture for anonymous trading system

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Importance

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Abstract

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An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
EBS GROUP LIMITEDLONDON48
WESTFALIA DAIRY SYSTEMS, INC.NAPERVILLE, IL16
WESTFALIASURGE, INC.NAPERVILLE, IL15
MALTEC, LLCNAPERVILLE, IL1

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Howorka, Edward R Morris Plains, NJ 63 943
Iaccheo, Steven Lincoln Park, NJ 21 190
Jain, Neena South Plainfield, NJ 35 486
Neyman, Vladimir West Orange, NJ 17 188
Shu, James East Hanover, NJ 17 188

Cited Art Landscape

Patent Info (Count) # Cites Year
 
REUTERS LIMITED (10)
4,388,489 Conversational video system 74 1981
4,525,779 Conversational video system 69 1983
4,531,184 Conversational video system having contact selection control 49 1983
4,555,781 Conversational video system having local network control 37 1983
4,750,135 Method for dynamically creating a receiver definable local trading instrument displayable record from a remotely transmitted trading instrument common data stream 239 1986
5,003,473 Trading ticket output system 67 1988
5,034,916 Fast contact conversational video system 58 1988
5,195,031 Trading system for providing real time context sensitive trading messages based on conversation analysis 130 1988
5,727,165 Offer matching system having timed match acknowledgment 447 1994
6,519,574 Electronic trading system featuring arbitrage and third-party credit opportunities 137 1995
 
CITIBANK, N.A. (3)
5,710,889 Interface device for electronically integrating global financial services 670 1995
5,890,140 System for communicating with an electronic delivery system that integrates global financial services 330 1995
6,029,146 Method and apparatus for trading securities electronically 329 1996
 
RESEARCH INVESTMENT NETWORK, INC. (2)
4,815,030 Multitask subscription data retrieval system 141 1986
5,230,048 Data processing system with tree and list data structure 124 1991
 
TEKNEKRON SOFTWARE SYSTEMS (2)
5,257,369 Apparatus and method for providing decoupling of data exchange details for providing high performance communication between software processes 421 1990
5,966,531 Apparatus and method for providing decoupled data communications between software processes 190 1995
 
BANK OF AMERICA CORPORATION (1)
5,270,922 System for distributing, processing and displaying financial information 533 1991
 
Belzberg Financial Markets & News International Inc. (1)
5,864,827 System and method for providing an information gateway 221 1997
 
CANTOR FITZGERALD SECURITIES (1)
5,905,974 Automated auction protocol processor 557 1996
 
CITICORP DEVELOPMENT CENTER, INC. (1)
5,933,816 System and method for delivering financial services 444 1997
 
CITIGROUP GLOBAL MARKETS, INC. (1)
5,787,402 Method and system for performing automated financial transactions involving foreign currencies 361 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
5,915,209 Bond trading system 267 1997
 
Financial Design Systems, Inc. (1)
4,598,367 Financial quotation system using synthesized speech 151 1983
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 668 1995
 
HITACHI, LTD. (1)
5,267,148 Computer aided real-time decision support system and method 82 1990
 
IMX, INC. (1)
5,995,947 Interactive mortgage and loan information and real-time trading system 300 1997
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
5,870,544 Method and apparatus for creating a secure connection between a java applet and a web server 103 1997
 
KOKUSAI DENSHIN DENWA KABUSHIKI KAISHA (1)
5,508,913 Electronic automatic offer matching system for freezer exchange transactions among banks 147 1994
 
Metrologic Instruments, Inc. (1)
5,905,248 System and method for carrying out information-related transactions using web documents embodying transaction enabling applets automatically launched and executed in response to reading URL-encoded symbols pointing thereto 530 1997
 
MICROSOFT CORPORATION (1)
5,815,665 System and method for providing trusted brokering services over a distributed network 649 1996
 
NASDAQ OMX GROUP, INC., THE (1)
5,809,483 Online transaction processing system for bond trading 373 1997
 
REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 354 1996
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 883 1989
 
ROUND ROCK RESEARCH, LLC (1)
5,557,780 Electronic data interchange system for managing non-standard data 170 1995
 
TESCO STORES LIMITED, A BRITISH COMPANY (1)
4,623,964 Homogeneous hierarchial computer business system 81 1982
 
Tibco, Inc. (1)
5,557,798 Apparatus and method for providing decoupling of data exchange details for providing high performance communication between software processes 454 1990
 
TOY, WILLIAM W. (1)
4,554,418 Information monitoring and notification method and apparatus 283 1983
 
TRIDIA CORPORATION (1)
5,909,545 Method and system for on demand downloading of module to enable remote control of an application program over a network 119 1996
 
YAMAHA CORPORATION (1)
5,287,787 Upright piano for constant key-touch regardless of manipulation of soft pedal 18 1992
 
Other [Check patent profile for assignment information] (1)
5,615,269 Ideal electronic negotiations 275 1996

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
BGC PARTNERS, INC. (4)
7,805,357 System and method for routing trading orders in an electronic trading system using trader lists 0 2006
7,805,358 System and method for limiting aggressive trading in a electronic trading system 0 2006
8,275,687 Allocation of commissions 0 2008
8,306,903 Commission calculator and display 0 2010
 
Automated Trading Desk, LLC (3)
7,606,759 System and method for implementing an anonymous trading method 1 2006
8,326,733 System and method for implementing an anonymous trading method 0 2009
8,326,734 System and method for implementing an anonymous trading method 0 2009
 
CUREX INNOVATIONS LLC (2)
8,429,057 Systems and methods for creation, issuance, redemption, conversion, offering, trading, and clearing a debt obligation convertible into cash plus a spot foreign exchange contract that is priced to reflect the value of the debt obligation in a base currency in relation to the value of a reference currency 1 2008
8,666,873 Systems and methods for open execution auction trading of financial instruments 0 2012
 
EBS GROUP LIMITED (2)
8,027,895 Architecture for anonymous trading system 1 2008
7,937,306 Architecture for anonymous trading system 0 2008
 
MarketFactory, Inc. (1)
8,296,217 Method and apparatus for enhancing market data feed using proprietary order flow 0 2009
 
THE DEPOSITORY TRUST & CLEARING CORPORATION (1)
8,468,087 Methods and systems for netting of payments and collateral 0 2010

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Oct 29, 2015
11.5 Year Payment $7400.00 $3700.00 $1850.00 Oct 29, 2019
Fee Large entity fee small entity fee micro entity fee
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00