US Patent No: 7,424,450

Number of patents in Portfolio can not be more than 2000

System and method for performing automatic spread trading

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ALSO PUBLISHED AS: 20060259406
ATTORNEY / AGENT: (SPONSORED)
 

Importance

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Abstract

The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradeable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.

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First Claim

Related Publications

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Patent Owner(s)

Patent OwnerAddressTotal Patents
PABLO, LLCCHICAGO, IL3

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Babulak, David Chicago, IL 5 144
Brumfield, Harris Chicago, IL 54 1601
Burns, Mike Chicago, IL 10 267
Kemp, II Gary Allan Winnetka, IL 8 1016
Monroe, Fred Silver Spring, MD 42 339
Schluetter, Jens-Uwe Evanston, IL 98 1774
Singer, Scott Lake Bluff, IL 24 442

Cited Art

Patent Info (Count) # Cites Year
 
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2002/0046,146 Apparatus, methods and articles of manufacture for constructing and executing computerized transaction processes and programs 52 2001
2002/0049,661 Apparatus, methods and articles of manufacture for constructing and executing computerized transaction processes and programs 60 2001
2002/0046,151 Computerized interface for constructing and executing computerized transaction processes and programs 55 2001
2002/0046,156 Apparatus, methods and articles of manufacture for executing computerized transaction processes 29 2001
 
NYSE TECHNOLOGIES, INC. (4)
5,774,877 Two-way wireless system for financial industry transactions 171 1994
5,797,002 Two-way wireless system for financial industry transactions 153 1995
5,793,301 Assured two-way wireless communication system for financial industry transactions 166 1996
5,915,245 Two-way wireless system for financial industry transactions 191 1998
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (4)
6,766,304 Click based trading with intuitive grid display of market depth 191 2001
2003/0023,542 Click based trading with intuitive grid display of market depth 119 2002
2005/0154,668 System and method for estimating a spread value 44 2004
2006/0259,409 System and method for estimating a spread value 39 2006
 
BANK OF AMERICA CORPORATION (3)
4,674,044 Automated securities trading system 818 1985
5,297,032 Securities trading workstation 652 1991
5,270,922 System for distributing, processing and displaying financial information 436 1991
 
OPTIMARK, INC. (3)
5,845,266 Crossing network utilizing satisfaction density profile with price discovery features 559 1995
6,012,046 Crossing network utilizing satisfaction density profile with price discovery features 297 1997
6,098,051 Crossing network utilizing satisfaction density profile 268 1997
 
STIKINE TECHNOLOGY, LLC (3)
2001/0042,040 Routing control for orders eligible for multiple markets 62 2001
2001/0044,770 Platform for market programs and trading programs 37 2001
2001/0051,909 Market program for interacting with trading programs on a platform 34 2001
 
BGC PARTNERS, INC. (2)
2003/0154,152 Systems and methods for quoting a two-sided market 25 2001
2002/0188,555 Securities trading system with multiple levels of interest 21 2002
 
REUTERS LIMITED (2)
4,750,135 Method for dynamically creating a receiver definable local trading instrument displayable record from a remotely transmitted trading instrument common data stream 187 1986
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REUTERS TRANSACTION SERVICES LIMITED (2)
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5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 294 1996
 
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BARCLAYS CAPITAL INC. (1)
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BARTER SECURITIES (1)
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Belzberg Financial Markets & News International Inc. (1)
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BLUE WATER PARTNERS, INC. (1)
5,689,651 System for processing and displaying financial information 166 1994
 
C.H.I. DEVELOPMENT MGMT. LTD. XVII, LLC (1)
6,035,287 Method and apparatus for bundled asset trading 315 1997
 
Chicago Board of Trade (1)
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5,787,402 Method and system for performing automated financial transactions involving foreign currencies 291 1996
 
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LAVAFLOW, INC. (1)
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LONGITUDE LLC (1)
7,225,153 Digital options having demand-based, adjustable returns, and trading exchange therefor 91 2001
 
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5,946,667 Data processing system and method for financial debt instruments 340 1998
 
NASDAQ OMX GROUP, INC., THE (1)
6,195,647 On-line transaction processing system for security trading 287 1996
 
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2002/0138,401 Method and system for automatic execution of a securities transaction 170 2001
 
Optionable, Inc. (1)
2002/0194,115 System and method for real-time options trading over a global computer network 82 2002
 
PRANIL RAM (1)
2003/0004,853 Graphical front end system for real time security trading 200 2001
 
RAM, PRANIL (1)
2003/0009,411 Interactive grid-based graphical trading system for real time security trading 290 2001
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 730 1989
 
STATE STREET CAPITAL MARKETS, LLC (1)
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TECHNOLOGY RESEARCH GROUP LLC (1)
5,963,923 System and method for trading having a principal market maker 372 1997
 
The Planning Solutions Group, Inc. (1)
6,131,087 Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions 358 1998
 
UBS AG (1)
6,408,282 System and method for conducting securities transactions over a computer network 443 1999
 
UNGUENT CORPORATION (1)
2002/0055,899 Display system and method for displaying and organizing financial information 134 2000
 
WESTPORT FINANCIAL LLC (1)
2002/0128,950 Artificial intelligence based trading system 26 2001
 
Other [Check patent profile for assignment information] (6)
4,588,192 Financial futures game 41 1983
5,038,284 Method and apparatus relating to conducting trading transactions with portable trading stations 340 1988
6,014,643 Interactive securities trading system 372 1996
6,272,474 Method for monitoring and trading stocks via the internet displaying bid/ask trade bars 323 1999
6,912,511 Method of monitoring market liquidity 53 2000
2001/0049,651 Global trading system and method 122 2001

Patent Citation Ranking

Forward Cites

Patent Info (Count) # Cites Year
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (8)
7,904,370 System and method for variably regulating order entry in an electronic trading system 7 2003
7,729,978 System and method for dynamically changing an electronic trade order quantity 9 2007
8,239,314 System and method for estimating a spread value 0 2009
8,386,368 Cover-OCO for legged order 0 2009
8,032,445 System and method for dynamically changing an electronic trade order quantity 1 2010
8,417,621 Managing hedge orders for synthetic spread trading 0 2010
8,280,801 System and method for dynamically changing an electronic trade order quantity 0 2011
8,401,959 System and method for dynamically changing an electronic trade order quantity 0 2012
 
ROSENTHAL COLLINS GROUP, LLC (5)
7,801,801 Method and system for providing automatic execution of black box strategies for electonic trading 5 2006
7,912,781 Method and system for providing electronic information for risk assessment and management for multi-market electronic trading 0 2009
8,429,059 Method and system for providing electronic option trading bandwidth reduction and electronic option risk management and assessment for multi-market electronic trading 0 2010
7,849,000 Method and system for electronic trading via a yield curve 1 2010
8,364,575 Method and system for providing automatic execution of black box strategies for electronic trading 0 2010
 
Breakwater Trading, LLC (1)
8,341,059 System, method and apparatus for creating and executing inter-exchange spread instruments 0 2009
 
PABLO, LLC (1)
8,180,692 System and method for performing automatic spread trading 0 2008

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Mar 9, 2016
11.5 Year Payment $7400.00 $3700.00 $1850.00 Mar 9, 2020
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