US Patent No: 7,487,125

Number of patents in Portfolio can not be more than 2000

Method for providing aggregation of trading on multiple alternative trading systems

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ALSO PUBLISHED AS: 20060161494
ATTORNEY / AGENT: (SPONSORED)
 

Importance

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Abstract

A method for performing financial trading amongst a plurality of alternative trading systems using a common financial computer platform. The method including the steps of receiving at the common financial computer platform a buy-order for a prescribed number shares at a prescribed price. Electronic communication is then established between the common financial computer platform and each of the plurality of alternative trading systems. At least a portion of the buy-order is then submitted from the common financial computer platform to each of the plurality of alternative trading systems. The common financial common platform then monitors each of the plurality of alternative trading systems to determine if at least a portion of the buy-order was executed by one of the plurality of alternative trading systems. And if yes, then that indicated execution for one of the plurality of alternative trading systems is automatically accepted and automatically canceled are the remaining buy orders that were submitted to the other alternative trading system which were not yet executed.

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First Claim

Related Publications

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Patent Owner(s)

Patent OwnerAddressTotal Patents
ITG INC.NEW YORK, NY5

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Littlewood, Margaret G Andover, MA 8 42

Cited Art

Patent Info (Count) # Cites Year
 
GOLDMAN SACHS & CO. (3)
2003/0177,082 Method and apparatus for processing and routing transactions 29 2002
2005/0125,326 Methods and apparatus for routing securities orders 32 2003
2006/0085,319 Methods and apparatus for routing options orders 15 2004
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (2)
2002/0107,748 Method and system for decentralized order matching among individual marketplaces 13 2001
2002/0116,315 System and method for bidding in multiple auctions 10 2001
 
ITG SOFTWARE SOLUTIONS, INC. (2)
2002/0010,672 Method for directing and executing certified trading interests 53 2000
2004/0034,591 Method and system for managing distributed trading data 102 2002
 
LAVA TRADING INC. (2)
2005/0246,263 Automated system for routing orders for foreign exchange transactions 40 2004
2005/0273,419 Method for executing block orders of commodities 24 2004
 
ARITAS GROUP, INC. (1)
2004/0059,666 Confidential block trading system and method 85 2003
 
HEWLETT-PACKARD DEVELOPMENT COMPANY, L.P. (1)
6,892,186 Auction method and apparatus for electronic commerce 29 2000
 
INTERNATIONAL SECURITIES EXCHANGE, LLC (1)
7,246,093 Automated exchange for trading derivative securities 81 2003
 
LAVAFLOW, INC. (1)
6,278,982 Securities trading system for consolidation of trading on multiple ECNS and electronic exchanges 329 1999
 
NYFIX, INC. (1)
2006/0129,473 Controlling an order slicer for trading a financial instrument 9 2004
 
TRADING TECHNOLOGIES INTERNATIONAL, INC. (1)
7,113,924 System and method for electronic spread trading in real and synthetically generated markets 54 2003
 
OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (1)
2006/0047,590 REAL-TIME RISK MANAGEMENT TRADING SYSTEM FOR PROFESSIONAL EQUITY TRADERS WITH ADAPTIVE CONTINGENCY NOTIFICATION 13 2004

Patent Citation Ranking

Forward Cites

Patent Info (Count) # Cites Year
 
ROSENTHAL COLLINS GROUP, LLC (5)
7,801,801 Method and system for providing automatic execution of black box strategies for electonic trading 5 2006
7,912,781 Method and system for providing electronic information for risk assessment and management for multi-market electronic trading 0 2009
8,429,059 Method and system for providing electronic option trading bandwidth reduction and electronic option risk management and assessment for multi-market electronic trading 0 2010
7,849,000 Method and system for electronic trading via a yield curve 1 2010
8,364,575 Method and system for providing automatic execution of black box strategies for electronic trading 0 2010
 
ITG SOFTWARE SOLUTIONS, INC. (2)
8,082,204 Systems and methods for trading a trade list in financial markets 1 2008
8,306,906 Systems and methods for trading a trade list in financial markets 0 2011
 
LIQUIDNET HOLDINGS, INC. (2)
8,073,763 Trade execution methods and systems 2 2006
8,359,260 Trade execution methods and systems 0 2011
 
CREDIT SUISSE SECURITIES (USA) LLC (1)
8,219,358 Platform matching systems and methods 0 2008
 
DYNAMICOPS, INC. (1)
8,171,485 Method and system for managing virtual and real machines 2 2007
 
MICROSOFT CORPORATION (1)
8,108,288 Distributed reverse auction 0 2007
 
NYFIX, INC. (1)
7,818,236 System for aggregating executions in a communication network for securities transactions and the like 0 2004

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 Aug 3, 2016
11.5 Year Payment $7400.00 $3700.00 $1850.00 Aug 3, 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