US Patent No: 7,447,654

Number of patents in Portfolio can not be more than 2000

Computer trading of financial interests

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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, NY14

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 10
Gaertner, Kenneth L Hastings-on-Hudson, NY 2 10
Geyer, George A New York, NY 3 10
Mullen, David P Stamford, CT 2 10
Sibilla, Todd A Warren, NJ 2 25

Cited Art Landscape

Patent Info (Count) # Cites Year
 
OPTIMARK, INC. (3)
5,689,652 Crossing network utilizing optimal mutual satisfaction density profile 632 1995
5,845,266 Crossing network utilizing satisfaction density profile with price discovery features 641 1995
5,950,177 Crossing network utilizing optimal mutual satisfaction density profile 187 1997
 
BANK OF AMERICA CORPORATION (2)
4,674,044 Automated securities trading system 929 1985
5,297,032 Securities trading workstation 757 1991
 
EBAY INC. (2)
5,845,265 Consignment nodes 637 1995
6,151,589 Methods for performing large scale auctions and online negotiations 113 1998
 
EFFICIENT AUCTIONS LLC (2)
5,905,975 Computer implemented methods and apparatus for auctions 522 1997
6,021,398 Computer implemented methods and apparatus for auctions 203 1999
 
REUTERS TRANSACTION SERVICES LIMITED (2)
5,136,501 Anonymous matching system 967 1989
5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 334 1996
 
AKAMAI TECHNOLOGIES, INC. (1)
2009/0132,648 CONTENT DELIVERY AND GLOBAL TRAFFIC MANAGEMENT NETWORK SYSTEM 19 2009
 
Ariba, Inc. (1)
6,223,167 Method and system for handling disruptions in the management of electronic auctions 30 1999
 
AT&T CORP. (1)
6,055,518 Secure auction systems 184 1996
 
C.H.I. DEVELOPMENT MGMT. LTD. XVII, LLC (1)
6,035,287 Method and apparatus for bundled asset trading 361 1997
 
CANTOR FITZGERALD SECURITIES (1)
5,905,974 Automated auction protocol processor 517 1996
 
Chicago Board of Trade (1)
5,297,031 Method and apparatus for order management by market brokers 738 1990
 
CITIBANK, N.A. (1)
6,029,146 Method and apparatus for trading securities electronically 316 1996
 
EBS DEALING RESOURCES, INC. (1)
5,375,055 Credit management for electronic brokerage system 546 1992
 
EGGHEAD.COM, INC. (1)
5,835,896 Method and system for processing and transmitting electronic auction information 832 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
5,915,209 Bond trading system 257 1997
 
Flex Japan Inc. (1)
4,789,928 Auction information transmission processing 662 1987
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 624 1995
 
GFINET, INC. (1)
6,317,727 Systems, methods and computer program products for monitoring credit risks in electronic trading systems 332 1998
 
ISE, LLC (1)
6,618,707 Automated exchange for trading derivative securities 216 1999
 
MUNIAUCTION, INC. (1)
6,161,099 Process and apparatus for conducting auctions over electronic networks 249 1998
 
NASDAQ OMX GROUP, INC., THE (1)
5,809,483 Online transaction processing system for bond trading 346 1997
 
PITNEY BOWES INC. (1)
5,724,524 Method and system for listing, brokering, and exchanging carrier capacity 179 1995
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 823 1989
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5,758,328 Computerized quotation system and method 697 1996
 
STATE STREET CAPITAL MARKETS, LLC (1)
5,101,353 Automated system for providing liquidity to securities markets 858 1989
 
SYBASE, INC. (1)
5,535,383 Database system with methods for controlling object interaction by establishing database contracts between objects 58 1994
 
The Planning Solutions Group, Inc. (1)
6,131,087 Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions 416 1998
 
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 144 1994
 
Other [Check patent profile for assignment information] (1)
6,014,643 Interactive securities trading system 435 1996

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
AllRounds, Inc. (2)
8,046,295 Private capital management system and method 1 2008
8,374,954 Private capital management system and method 1 2011
 
EBAY INC. (2)
8,005,719 Method and system to publish a seller fixed price offer 2 2003
8,001,007 Method, and system to publish a proxy bid and a reserve price 5 2003
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (2)
8,086,521 System and method for computing and displaying effective bid and ask information 0 2011
8,543,489 System and method for computing and displaying effective bid and ask information 0 2011
 
BGC PARTNERS, INC. (1)
8,494,949 Electronic trading for principal/broker trading 0 2002
 
DEAN P. ALDERUCCI CANTOR FITZGERALD, L.P. (1)
8,244,623 Method and system for training traders 0 2008
 
FUJI XEROX CO., LTD. (1)
8,649,036 Image forming apparatus and computer readable medium storing program for authenticating print job information of a print job 0 2010
 
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 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