US Patent No: 7,447,654

Number of patents in Portfolio can not be more than 2000

Computer trading of financial interests

Stats

ATTORNEY / AGENT: (SPONSORED)

Importance

Loading Importance Indicators... loading....

Abstract

See full text

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.

Loading the Abstract Image... loading....

First Claim

See full text

Family

Loading Family data... loading....

Patent Owner(s)

Patent OwnerAddressTotal Patents
BLOOMBERG L.P.NEW YORK, NY16

International Classification(s)

  • [Classification Symbol]
  • [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 1 32
Geyer, George A New York, NY 2 32
Mullen, David P Stamford, CT 1 32
Sibilla, Todd A Warren, NJ 1 32

Cited Art Landscape

Patent Info (Count) # Cites Year
 
Other [Check patent profile for assignment information] (1)
6,014,643 Interactive securities trading system 474 1996
 
SYBASE, INC. (1)
5,535,383 Database system with methods for controlling object interaction by establishing database contracts between objects 69 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 148 1994
 
EFFICIENT AUCTIONS LLC (2)
5,905,975 Computer implemented methods and apparatus for auctions 595 1997
6,021,398 Computer implemented methods and apparatus for auctions 213 1999
 
CITIBANK, N.A. (1)
6,029,146 Method and apparatus for trading securities electronically 347 1996
 
Flex Japan Inc. (1)
4,789,928 Auction information transmission processing 749 1987
 
PITNEY BOWES INC. (1)
5,724,524 Method and system for listing, brokering, and exchanging carrier capacity 202 1995
 
EBS Dealing Resources, Inc. (1)
5,375,055 Credit management for electronic brokerage system 633 1992
 
THE NASDAQ OMX GROUP, INC. (1)
5,809,483 Online transaction processing system for bond trading 388 1997
 
CANTOR FITZGERALD SECURITIES, AS SUCCESSOR AGENT (1)
5,905,974 Automated auction protocol processor 580 1996
 
CALLAHAN CELLULAR L.L.C. (1)
6,035,287 Method and apparatus for bundled asset trading 395 1997
 
BANK OF AMERICA CORPORATION (2)
4,674,044 Automated securities trading system 1045 1985
5,297,032 Securities trading workstation 873 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 830 1990
 
ISE, LLC (1)
* 6,618,707 Automated exchange for trading derivative securities 245 1999
 
MUNIAUCTION, INC. (1)
6,161,099 Process and apparatus for conducting auctions over electronic networks 280 1998
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 929 1989
 
EGGHEAD.COM, INC. (1)
5,835,896 Method and system for processing and transmitting electronic auction information 942 1996
 
REUTERS TRANSACTION SERVICES LIMITED (2)
5,136,501 Anonymous matching system 1066 1989
5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 364 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 471 1998
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 697 1995
 
GFINET, INC. (1)
6,317,727 Systems, methods and computer program products for monitoring credit risks in electronic trading systems 395 1998
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5,758,328 Computerized quotation system and method 771 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
* 5,915,209 Bond trading system 273 1997
 
OPTIMARK, INC. (3)
5,689,652 Crossing network utilizing optimal mutual satisfaction density profile 713 1995
5,845,266 Crossing network utilizing satisfaction density profile with price discovery features 735 1995
5,950,177 Crossing network utilizing optimal mutual satisfaction density profile 202 1997
 
EBAY INC. (2)
* 5,845,265 Consignment nodes 767 1995
6,151,589 Methods for performing large scale auctions and online negotiations 134 1998
 
STEVEN M. HOFFBERG 2004-1 GRAT (1)
2002/0151,992 Media recording device with packet data interface 39 2002
 
STATE STREET CAPITAL MARKETS, LLC (1)
5,101,353 Automated system for providing liquidity to securities markets 963 1989
 
AT&T CORP. (1)
6,055,518 Secure auction systems 226 1996
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
DEAN P. ALDERUCCI CANTOR FITZGERALD, L.P. (2)
* 8,244,623 Method and system for training traders 3 2008
* 2008/0109,351 METHOD AND SYSTEM FOR TRAINING TRADERS 1 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] (3)
* 2009/0048,962 Interactive Security Brokerage System 0 2008
* 2011/0238,562 METHODS AND SYSTEMS FOR MATCHING AND EXECUTING TEST TRADING ORDERS 1 2011
* 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
 
THE BANK OF NEW YORK MELLON, AS COLLATERAL AGENT (1)
* 2010/0088,250 Auction Method and Platform 12 2009
 
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 and Clearing Corporation (1)
8,468,087 Methods and systems for netting of payments and collateral 0 2010
 
EBAY INC. (5)
* 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
* 2005/0065,866 Method and system to publish a proxy bid and a reserve price 27 2003
* 2004/0215,527 Method and system to publish a seller fixed price offer 29 2003
* 2007/0112,640 METHOD AND SYSTEM TO PUBLISH A SELLER FIXED PRICE OFFER 3 2006
 
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