US Patent No: 7,447,654

Number of patents in Portfolio can not be more than 2000

Computer trading of financial interests

ALSO PUBLISHED AS: 20020111896

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ATTORNEY / AGENT: (SPONSORED)

Importance

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Abstract

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Methods, systems, and apparatus for improved trading of financial interests via a computer network are disclosed. Improvements include crossing or commingling of auction and non-auction transaction proposals; disclosure of high bids and of identify of high bidders and offerors during the auction process; presentation of reference benchmark prices and benchmark-derived price references; immediate rescission of multiple proposed transactions in case of emergency; time-limited passwords; assignment of user access level classes; keyword tagging or identification of offers or bids; the use of multiple data sets or trading channels to enable separation of accounting and to accommodate training and familiarization efforts; enabling the creation of data sets in outside programs and subsequent and optionally repeated uploading or importation of data to the auction system; and staging of transactions for supervisory review. The invention includes methods and processes as well as suitable computer programs and data processing systems.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
BLOOMBERG L.P.NEW YORK, NY15

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Ben-Levy, Shai East Hills, NY 1 12
Gaertner, Kenneth L Hastings-on-Hudson, NY 2 12
Geyer, George A New York, NY 3 12
Mullen, David P Stamford, CT 2 12
Sibilla, Todd A Warren, NJ 2 32

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (1)
6,014,643 Interactive securities trading system 470 1996
 
SYBASE, INC. (1)
5,535,383 Database system with methods for controlling object interaction by establishing database contracts between objects 65 1994
 
WELLS FARGO BANK, NATIONAL ASSOCIATION (1)
5,517,406 Method and apparatus for data verification and position reporting in an automated trade transactions processing system 147 1994
 
EFFICIENT AUCTIONS LLC (2)
5,905,975 Computer implemented methods and apparatus for auctions 583 1997
6,021,398 Computer implemented methods and apparatus for auctions 212 1999
 
CITIBANK, N.A. (1)
6,029,146 Method and apparatus for trading securities electronically 339 1996
 
Flex Japan Inc. (1)
4,789,928 Auction information transmission processing 736 1987
 
PITNEY BOWES INC. (1)
5,724,524 Method and system for listing, brokering, and exchanging carrier capacity 198 1995
 
EBS DEALING RESOURCES, INC. (1)
5,375,055 Credit management for electronic brokerage system 619 1992
 
NASDAQ OMX GROUP, INC., THE (1)
5,809,483 Online transaction processing system for bond trading 382 1997
 
CANTOR FITZGERALD SECURITIES (1)
5,905,974 Automated auction protocol processor 574 1996
 
C.H.I. DEVELOPMENT MGMT. LTD. XVII, LLC (1)
6,035,287 Method and apparatus for bundled asset trading 390 1997
 
BANK OF AMERICA CORPORATION (2)
4,674,044 Automated securities trading system 1029 1985
5,297,032 Securities trading workstation 852 1991
 
Ariba, Inc. (1)
6,223,167 Method and system for handling disruptions in the management of electronic auctions 32 1999
 
Chicago Board of Trade (1)
5,297,031 Method and apparatus for order management by market brokers 818 1990
 
ISE, LLC (1)
* 6,618,707 Automated exchange for trading derivative securities 243 1999
 
MUNIAUCTION, INC. (1)
6,161,099 Process and apparatus for conducting auctions over electronic networks 274 1998
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 912 1989
 
EGGHEAD.COM, INC. (1)
5,835,896 Method and system for processing and transmitting electronic auction information 920 1996
 
REUTERS TRANSACTION SERVICES LIMITED (2)
5,136,501 Anonymous matching system 1054 1989
5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 361 1996
 
The Planning Solutions Group, Inc. (1)
6,131,087 Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions 468 1998
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 686 1995
 
GFINET, INC. (1)
6,317,727 Systems, methods and computer program products for monitoring credit risks in electronic trading systems 386 1998
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5,758,328 Computerized quotation system and method 761 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
* 5,915,209 Bond trading system 272 1997
 
OPTIMARK, INC. (3)
5,689,652 Crossing network utilizing optimal mutual satisfaction density profile 704 1995
5,845,266 Crossing network utilizing satisfaction density profile with price discovery features 720 1995
5,950,177 Crossing network utilizing optimal mutual satisfaction density profile 201 1997
 
EBAY INC. (2)
* 5,845,265 Consignment nodes 739 1995
6,151,589 Methods for performing large scale auctions and online negotiations 131 1998
 
STEVEN M. HOFFBERG 2004-1 GRAT (1)
2002/0151,992 Media recording device with packet data interface 22 2002
 
STATE STREET CAPITAL MARKETS, LLC (1)
5,101,353 Automated system for providing liquidity to securities markets 948 1989
 
AT&T CORP. (1)
6,055,518 Secure auction systems 216 1996
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
DEAN P. ALDERUCCI CANTOR FITZGERALD, L.P. (1)
* 8,244,623 Method and system for training traders 3 2008
 
AllRounds, Inc. (2)
8,046,295 Private capital management system and method 2 2008
8,374,954 Private capital management system and method 1 2011
 
Other [Check patent profile for assignment information] (1)
* 2013/0159,165 AUTOMATED PROCESS GUIDANCE APPLICATION AND METHOD FOR CREDIT INSTRUMENT ORIGINATION, ADMINISTRATION AND FRACTIONALIZATION SYSTEM 0 2011
 
FUJI XEROX CO., LTD. (2)
* 8,649,036 Image forming apparatus and computer readable medium storing program for authenticating print job information of a print job 0 2010
* 2011/0216,351 IMAGE FORMING APPARATUS AND COMPUTER READABLE MEDIUM STORING PROGRAM 0 2010
 
CHICAGO MERCANTILE EXCHANGE INC. (2)
* 2012/0254,008 METHOD AND SYSTEM FOR TRADING AND CLEARING FINANCIAL INSTRUMENTS VIA A MESSAGING INTERFACE 0 2011
* 2012/0072,331 System and Method for Monitoring Trades Outside of a No-Bust Range in an Electronic Trading System 0 2011
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (3)
8,086,521 System and method for computing and displaying effective bid and ask information 1 2011
8,543,489 System and method for computing and displaying effective bid and ask information 0 2011
8,924,284 System and method for computing and displaying effective bid and ask information 0 2013
 
THE DEPOSITORY TRUST & CLEARING CORPORATION (1)
8,468,087 Methods and systems for netting of payments and collateral 0 2010
 
EBAY INC. (2)
* 8,005,719 Method and system to publish a seller fixed price offer 12 2003
8,001,007 Method, and system to publish a proxy bid and a reserve price 15 2003
 
BGC PARTNERS, INC. (4)
* 8,494,949 Electronic trading for principal/broker trading 1 2002
* 2003/0088,499 Systems and methods for electronic trading that permit principal/broker trading 30 2002
* 8,886,561 Electronic trading among principals and brokers 0 2013
* 2014/0101,019 SYSTEMS AND METHODS FOR ELECTRONIC TRADING THAT PERMIT PRINCIPAL/BROKER TRADING 0 2013
* Cited By Examiner

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 May 4, 2016
11.5 Year Payment $7400.00 $3700.00 $1850.00 May 4, 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