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)

  • [Classification Symbol]
  • [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 28

Cited Art Landscape

Patent Info (Count) # Cites Year
 
OPTIMARK, INC. (3)
5,689,652 Crossing network utilizing optimal mutual satisfaction density profile 681 1995
5,845,266 Crossing network utilizing satisfaction density profile with price discovery features 695 1995
5,950,177 Crossing network utilizing optimal mutual satisfaction density profile 200 1997
 
BANK OF AMERICA CORPORATION (2)
4,674,044 Automated securities trading system 1001 1985
5,297,032 Securities trading workstation 816 1991
 
EBAY INC. (2)
5,845,265 Consignment nodes 684 1995
6,151,589 Methods for performing large scale auctions and online negotiations 125 1998
 
EFFICIENT AUCTIONS LLC (2)
5,905,975 Computer implemented methods and apparatus for auctions 561 1997
6,021,398 Computer implemented methods and apparatus for auctions 210 1999
 
REUTERS TRANSACTION SERVICES LIMITED (2)
5,136,501 Anonymous matching system 1033 1989
5,924,083 Distributed matching system for displaying a book of credit filtered bids and offers 354 1996
 
Ariba, Inc. (1)
6,223,167 Method and system for handling disruptions in the management of electronic auctions 32 1999
 
AT&T CORP. (1)
6,055,518 Secure auction systems 199 1996
 
C.H.I. DEVELOPMENT MGMT. LTD. XVII, LLC (1)
6,035,287 Method and apparatus for bundled asset trading 385 1997
 
CANTOR FITZGERALD SECURITIES (1)
5,905,974 Automated auction protocol processor 557 1996
 
Chicago Board of Trade (1)
5,297,031 Method and apparatus for order management by market brokers 793 1990
 
CITIBANK, N.A. (1)
6,029,146 Method and apparatus for trading securities electronically 329 1996
 
EBS DEALING RESOURCES, INC. (1)
5,375,055 Credit management for electronic brokerage system 593 1992
 
EGGHEAD.COM, INC. (1)
5,835,896 Method and system for processing and transmitting electronic auction information 880 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
5,915,209 Bond trading system 267 1997
 
Flex Japan Inc. (1)
4,789,928 Auction information transmission processing 707 1987
 
GENEVA BRANCH OF REUTERS TRANSACTION SERVICES LIMITED (1)
5,924,082 Negotiated matching system 668 1995
 
GFINET, INC. (1)
6,317,727 Systems, methods and computer program products for monitoring credit risks in electronic trading systems 366 1998
 
ISE, LLC (1)
6,618,707 Automated exchange for trading derivative securities 232 1999
 
MUNIAUCTION, INC. (1)
6,161,099 Process and apparatus for conducting auctions over electronic networks 267 1998
 
NASDAQ OMX GROUP, INC., THE (1)
5,809,483 Online transaction processing system for bond trading 373 1997
 
PITNEY BOWES INC. (1)
5,724,524 Method and system for listing, brokering, and exchanging carrier capacity 193 1995
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5,077,665 Distributed matching system 883 1989
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5,758,328 Computerized quotation system and method 738 1996
 
STATE STREET CAPITAL MARKETS, LLC (1)
5,101,353 Automated system for providing liquidity to securities markets 926 1989
 
STEVEN M. HOFFBERG 2004-1 GRAT (1)
2002/0151,992 Media recording device with packet data interface 2 2002
 
SYBASE, INC. (1)
5,535,383 Database system with methods for controlling object interaction by establishing database contracts between objects 60 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 453 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 146 1994
 
Other [Check patent profile for assignment information] (1)
6,014,643 Interactive securities trading system 463 1996

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
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
 
EBAY INC. (2)
8,005,719 Method and system to publish a seller fixed price offer 8 2003
8,001,007 Method, and system to publish a proxy bid and a reserve price 11 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 2 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