公开(公告)号：US12062094B2

公开(公告)日：2024-08-13

申请号：US18108726

申请日：2023-02-13

申请人： CFPH, LLC

发明人： Kevin Foley

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04

摘要： Systems and methods for processing a discretion order in a dark pool matching environment may receive a first order of a first trader, and a contra second order defining a quantity reserved in an OMS of a second trader and a price range. When a first price of the first order is determined to be within the price range, (1) the price of the first order and (2) execution indicia selectable by the second trader to cause execution of a portion of the second order against a portion of the first order, are provided to the second trader. The first price of the first order and the execution indicia are not output or otherwise disclosed to the second trader, prior to determining that the first price of the first order is within the price range of the second order.

公开(公告)号：US20240193689A1

公开(公告)日：2024-06-13

申请号：US18583950

申请日：2024-02-22

申请人： CFPH, LLC

发明人： Howard W. Lutnick ,  Mark Miller ,  Kevin Foley ,  Brian Gay ,  Andrew Fishkind

IPC分类号： G06Q40/04 ,  G06Q40/06

CPC分类号： G06Q40/04 ,  G06Q40/06

摘要： A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described.

公开(公告)号：US20230080465A1

公开(公告)日：2023-03-16

申请号：US17956070

申请日：2022-09-29

申请人： CFPH, LLC

发明人： Kevin Foley ,  Lawrence Tint

IPC分类号： G06Q40/04

摘要： Various embodiments are directed to a trading system and method for determining orders and their prices. A trader may request a quote for a composite order comprising a plurality of constituent orders. The request may be provided to a pricing module located behind the trader's firewall. The pricing module may determine a quote on behalf of a pricing entity associated with a fund. The quotes may be determined based on current market conditions and net tracking error that would result if the fund executed all of the constituent orders of the composite trading order. The trading module may provide the requesting trader with the requested quote, which may comprise a firm counter-order immediately executable against the composite trading order. The quote and the existence of the request may not be transmitted outside the trader's firewall. The trader may execute the quote, and the pricing entity may fill all the constituent trading orders of the trader's composite trading order at the quoted price(s).

公开(公告)号：US20220253935A1

公开(公告)日：2022-08-11

申请号：US17720402

申请日：2022-04-14

申请人： CFPH, LLC

发明人： Howard W. Lutnick ,  Kevin Foley ,  Andrew Fishkind ,  Philip Marber ,  Bill Rice

IPC分类号： G06Q40/04

摘要： A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.

公开(公告)号：US11144992B1

公开(公告)日：2021-10-12

申请号：US14986617

申请日：2015-12-31

申请人： CFPH, LLC

发明人： Kevin Foley

IPC分类号： G06Q40/04 ,  H04L29/06

摘要： Various embodiments are directed to a trading system and method for indicating trading interests. A wrapped liquidity notice may be provided to a user, in which the wrapped liquidity notice provides first information about a trading interest of at least one other user. The user may request to unwrap the liquidity notice. Responsive to the request, the liquidity notice may be at least partially unwrapped to provide to the user second information about the trading interest. The liquidity notice may be unwrapped additional times to reveal additional information about the trading interest. Exemplary information that may be unwrapped for the user comprises information about the buy/sell side, trading product, price, and quantity of the trading interest.

公开(公告)号：US20210287290A1

公开(公告)日：2021-09-16

申请号：US17332998

申请日：2021-05-27

申请人： CFPH, LLC

发明人： Howard W. Lutnick ,  Dean P. Alderucci ,  Mark Miller ,  Andrew Fishkind ,  Kevin Foley ,  William Rice ,  Brian L. Gay ,  Philip Marber ,  Charles Plott

IPC分类号： G06Q40/04 ,  G06Q40/00

摘要： Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.

公开(公告)号：US20210166316A1

公开(公告)日：2021-06-03

申请号：US17173955

申请日：2021-02-11

申请人： CFPH, LLC

发明人： Peter McGovern ,  Kevin Foley

IPC分类号： G06Q40/04

摘要： A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.

公开(公告)号：US20150310553A1

公开(公告)日：2015-10-29

申请号：US14745708

申请日：2015-06-22

申请人： CFPH, LLC

发明人： Kevin Foley ,  John Silvestri ,  Thomas J. Daley

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04 ,  G06F21/6245 ,  G06Q20/405 ,  G06Q30/06 ,  G06Q2220/10

摘要： In an embodiment, an apparatus comprises a processor, and a memory that stores a program. The program, when executed by the processor, directs the processor to perform a method including the following steps: receiving an encrypted query, in which the query indicates at least one security, and at least one price; determining whether the encrypted query corresponds to any order in an encrypted data set that represents orders; outputting a response to the query, in which the response indicates whether the encrypted query corresponds to any order in an encrypted data set that represents orders; receiving order data that represents the orders; and encrypting the order data to yield the encrypted data set that represents orders.

公开(公告)号：US20150026029A1

公开(公告)日：2015-01-22

申请号：US14319157

申请日：2014-06-30

申请人： CFPH, LLC

发明人： Howard W. Lutnick ,  Dean P. Alderucci ,  Mark Miller ,  Andrew Fishkind ,  Kevin Foley ,  William Rice ,  Brian L. Gay ,  Philip Marber ,  Charles Plott

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04 ,  G06Q40/00

摘要： Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.

公开(公告)号：US20240346592A1

公开(公告)日：2024-10-17

申请号：US18755183

申请日：2024-06-26

申请人： CFPH, LLC

发明人： Kevin Foley

IPC分类号： G06Q40/04

CPC分类号： G06Q40/04

摘要： Systems and methods for processing a discretion order in a dark pool matching environment may receive a first order of a first trader, and a contra second order defining a quantity reserved in an OMS of a second trader and a price range. When a first price of the first order is determined to be within the price range, (1) the price of the first order and (2) execution indicia selectable by the second trader to cause execution of a portion of the second order against a portion of the first order, are provided to the second trader. The first price of the first order and the execution indicia are not output or otherwise disclosed to the second trader, prior to determining that the first price of the first order is within the price range of the second order.