Computer trading of financial interests

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 7447654
APP PUB NO 20020111896A1
SERIAL NO

09943442

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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)

  • [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)
6014643 Interactive securities trading system 495 1996
 
SYBASE, INC. (1)
5535383 Database system with methods for controlling object interaction by establishing database contracts between objects 75 1994
 
WELLS FARGO BANK, NATIONAL ASSOCIATION (1)
5517406 Method and apparatus for data verification and position reporting in an automated trade transactions processing system 149 1994
 
EFFICIENT AUCTIONS LLC (2)
5905975 Computer implemented methods and apparatus for auctions 634 1997
6021398 Computer implemented methods and apparatus for auctions 220 1999
 
CITIBANK, N.A. (1)
6029146 Method and apparatus for trading securities electronically 365 1996
 
Flex Japan Inc. (1)
4789928 Auction information transmission processing 790 1987
 
Pitney Bowes Inc. (1)
5724524 Method and system for listing, brokering, and exchanging carrier capacity 207 1995
 
EBS Dealing Resources, Inc. (1)
5375055 Credit management for electronic brokerage system 688 1992
 
THE NASDAQ OMX GROUP, INC. (1)
5809483 Online transaction processing system for bond trading 408 1997
 
CANTOR FITZGERALD SECURITIES (1)
5905974 Automated auction protocol processor 611 1996
 
CALLAHAN CELLULAR L.L.C. (1)
6035287 Method and apparatus for bundled asset trading 412 1997
 
BANK OF AMERICA CORPORATION (2)
4674044 Automated securities trading system 1110 1985
5297032 Securities trading workstation 952 1991
 
ARIBA, INC. (1)
6223167 Method and system for handling disruptions in the management of electronic auctions 33 1999
 
Chicago Board of Trade (1)
5297031 Method and apparatus for order management by market brokers 879 1990
 
ISE, LLC (1)
* 6618707 Automated exchange for trading derivative securities 256 1999
 
Muniauction, Inc. (1)
6161099 Process and apparatus for conducting auctions over electronic networks 290 1998
 
REUTERS TRANSACTIONS SERVICES LIMITED (1)
5077665 Distributed matching system 985 1989
 
EGGHEAD.COM, INC. (1)
5835896 Method and system for processing and transmitting electronic auction information 1021 1996
 
REUTERS TRANSACTION SERVICES LIMITED (2)
5136501 Anonymous matching system 1118 1989
5924083 Distributed matching system for displaying a book of credit filtered bids and offers 382 1996
 
The Planning Solutions Group, Inc. (1)
6131087 Method for automatically identifying, matching, and near-matching buyers and sellers in electronic market transactions 504 1998
 
Geneva Branch of Reuters Transaction Services Limited (1)
5924082 Negotiated matching system 757 1995
 
GFINET, INC. (1)
6317727 Systems, methods and computer program products for monitoring credit risks in electronic trading systems 410 1998
 
SOURCE SEARCH TECHNOLOGIES, LLC (1)
5758328 Computerized quotation system and method 835 1996
 
EXCHANGE BROKERAGE SYSTEMS CORP., L.L.C. (1)
* 5915209 Bond trading system 278 1997
 
OPTIMARK, INC. (3)
5689652 Crossing network utilizing optimal mutual satisfaction density profile 742 1995
5845266 Crossing network utilizing satisfaction density profile with price discovery features 793 1995
5950177 Crossing network utilizing optimal mutual satisfaction density profile 203 1997
 
EBAY INC. (2)
* 5845265 Consignment nodes 845 1995
6151589 Methods for performing large scale auctions and online negotiations 141 1998
 
STEVEN M. HOFFBERG 2004-1 GRAT (1)
2002/0151,992 Media recording device with packet data interface 87 2002
 
STATE STREET CAPITAL MARKETS, LLC (1)
5101353 Automated system for providing liquidity to securities markets 1015 1989
 
AT&T CORP. (1)
6055518 Secure auction systems 259 1996
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
CFPH, LLC (1)
* 2008/0201,223 PRODUCTS AND PROCESSES FOR PROVIDING INFORMATION SERVICES 0 2007
 
DEAN P. ALDERUCCI CANTOR FITZGERALD, L.P. (2)
* 8244623 Method and system for training traders 4 2008
* 2008/0109,351 METHOD AND SYSTEM FOR TRAINING TRADERS 3 2008
 
AllRounds, Inc. (2)
8046295 Private capital management system and method 4 2008
8374954 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)
* 8649036 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 1 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 (1)
* 2010/0088,250 Auction Method and Platform 12 2009
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (4)
8086521 System and method for computing and displaying effective bid and ask information 1 2011
* 2011/0213,695 System and Method for Computing and Displaying Effective Bid and Ask Information 2 2011
8543489 System and method for computing and displaying effective bid and ask information 0 2011
8924284 System and method for computing and displaying effective bid and ask information 0 2013
 
THE DEPOSITORY TRUST & CLEARING CORPORATION (1)
8468087 Methods and systems for netting of payments and collateral 0 2010
 
Chicago Board Options Exchange, Incorporated (1)
* 2008/0208,722 SYSTEM AND METHOD FOR DISPLAYING OPTION MARKET INFORMATION 1 2008
 
EBAY INC. (5)
* 8005719 Method and system to publish a seller fixed price offer 14 2003
8001007 Method, and system to publish a proxy bid and a reserve price 17 2003
* 2005/0065,866 Method and system to publish a proxy bid and a reserve price 31 2003
* 2004/0215,527 Method and system to publish a seller fixed price offer 33 2003
* 2007/0112,640 METHOD AND SYSTEM TO PUBLISH A SELLER FIXED PRICE OFFER 4 2006
 
BGC PARTNERS, INC. (4)
* 8494949 Electronic trading for principal/broker trading 1 2002
* 2003/0088,499 Systems and methods for electronic trading that permit principal/broker trading 30 2002
* 8886561 Electronic trading among principals and brokers 0 2013
* 2014/0101,019 SYSTEMS AND METHODS FOR ELECTRONIC TRADING THAT PERMIT PRINCIPAL/BROKER TRADING 0 2013
 
FX ALLIANCE, LLC (1)
* 2006/0015,440 Dynamic liquidity management system 1 2005
* Cited By Examiner

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
11.5 Year Payment $7400.00 $3700.00 $1850.00 May 4, 2020
Fee Large entity fee small entity fee micro entity fee
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