公开(公告)号：US07827089B2

公开(公告)日：2010-11-02

申请号：US10397109

申请日：2003-03-24

Applicant: Michael Sweeting ,  Howard W. Lutnick ,  Joseph Noviello

Inventor： Michael Sweeting ,  Howard W. Lutnick ,  Joseph Noviello

IPC: G06Q40/00

CPC classification number: G06Q40/00 ,  G06Q40/04 ,  G06Q40/06

Abstract: A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order.

Abstract translation: 提供了一种系统和方法，以允许交易者提交中间价格的订单，以市场的差价交易，最好是在传播市场的中点，同时保持中间价格订单的匿名性。 中价订单是匿名的，因为其他交易者不知道提交的中档订单是订单还是订单出售。 一个中间价格的订单可能会保持有效，直到它与中间价格订单交易或直到与订单相关的参数被违反为止，从而导致中间价格订单被取消。

公开(公告)号：US07562045B2

公开(公告)日：2009-07-14

申请号：US10716304

申请日：2003-11-18

Applicant: Alastair J. D. Beadle ,  Michael Sweeting

Inventor： Alastair J. D. Beadle ,  Michael Sweeting

IPC: G06Q40/00

CPC classification number: H04L63/08 ,  G06Q30/08 ,  G06Q40/04 ,  G06Q50/188 ,  H04L63/10

Abstract: According to one embodiment, a method of managing access to a trading network is provided. A first network login request for a first user is received from a client application. The first network login request includes first authentication information. Based at least on the first authentication information, the first network login request is approved, which authorizes the first user to access the trading network. One or more associated users for which the first user is authorized to act as a proxy is identifying from a plurality of users. User profile information for one of the associated users is obtained and communicated to the client application. The user profile information includes information regarding the second user that can be used to allow the first user to engage in trading activity via the trading network on behalf of the second user.

Abstract translation: 根据一个实施例，提供了一种管理对交易网络的访问的方法。 从客户端应用程序接收第一用户的第一个网络登录请求。 第一网络登录请求包括第一认证信息。 至少基于第一认证信息，批准第一网络登录请求，其授权第一用户访问交易网络。 第一用户被授权充当代理的一个或多个关联用户是从多个用户中进行识别。 获得一个关联用户的用户简档信息并将其传达给客户端应用程序。 用户简档信息包括关于可以用于允许第一用户代表第二用户经由交易网络进行交易活动的第二用户的信息。

公开(公告)号：US20090177573A1

公开(公告)日：2009-07-09

申请号：US12404662

申请日：2009-03-16

Applicant: Alastair J.D. Beadle ,  Michael Sweeting

Inventor： Alastair J.D. Beadle ,  Michael Sweeting

IPC: G06Q40/00

CPC classification number: H04L63/08 ,  G06Q30/08 ,  G06Q40/04 ,  G06Q50/188 ,  H04L63/10

Abstract: According to one embodiment, a method of managing access to a trading network is provided. A first network login request for a first user is received from a client application. The first network login request includes first authentication information. Based at least on the first authentication information, the first network login request is approved, which authorizes the first user to access the trading network. One or more associated users for which the first user is authorized to act as a proxy is identifying from a plurality of users. User profile information for one of the associated users is obtained and communicated to the client application. The user profile information includes information regarding the second user that can be used to allow the first user to engage in trading activity via the trading network on behalf of the second user.

Abstract translation: 根据一个实施例，提供了一种管理对交易网络的访问的方法。 从客户端应用程序接收第一用户的第一个网络登录请求。 第一网络登录请求包括第一认证信息。 至少基于第一认证信息，批准第一网络登录请求，其授权第一用户访问交易网络。 第一用户被授权充当代理的一个或多个关联用户是从多个用户中进行识别。 获得一个关联用户的用户简档信息并将其传达给客户端应用程序。 用户简档信息包括关于可以用于允许第一用户代表第二用户经由交易网络进行交易活动的第二用户的信息。

公开(公告)号：US20080306863A1

公开(公告)日：2008-12-11

申请号：US12191138

申请日：2008-08-13

Applicant: Joseph C. Noviello ,  Michael Sweeting ,  Howard W. Lutnick

Inventor： Joseph C. Noviello ,  Michael Sweeting ,  Howard W. Lutnick

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q99/00

Abstract: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.

Abstract translation: 根据一个实施例，提供了管理交易的方法。 在特定类型的仪器的市场中，从多个交易者收到买单和卖出订单。 每个买单都有相关联的出价，每个卖单都有相关的报价。 通过确定特定交易订单是否与至少一个比较价格不同超过阈值来确定特定交易订单是否是离岸交易订单。 如果确定特定交易是离岸交易订单，则对离岸交易订单采取限制性行动。 例如，如果交易者随后提交另一个与离岸交易订单交易的交易订单，则可能会向交易者发送一个提醒信息，并且可以阻止随后的交易订单至少暂时与远期交易订单进行交易。

公开(公告)号：USD577037S1

公开(公告)日：2008-09-16

申请号：US29277249

申请日：2007-02-20

Applicant: Joseph C. Noviello ,  Howard W. Lutnick ,  Kevin M. Foley ,  Michael Sweeting ,  William P. Gill

Designer： Joseph C. Noviello ,  Howard W. Lutnick ,  Kevin M. Foley ,  Michael Sweeting ,  William P. Gill

公开(公告)号：US20080215444A1

公开(公告)日：2008-09-04

申请号：US12115313

申请日：2008-05-05

Applicant: Howard W. Lutnick ,  Michael Sweeting ,  Joseph Noviello

Inventor： Howard W. Lutnick ,  Michael Sweeting ,  Joseph Noviello

IPC: G06Q30/00 ,  G06F19/00

CPC classification number: G06Q40/04 ,  G06Q30/0239 ,  G06Q30/0601

Abstract: The invention relates to systems and methods that allocate different types of commissions to participants based on at least one factor contributing to the liquidity to the market in which an item trades. The commission may accordingly depend on the order in which trading commands are received from different participants and/or the sides the participants are on. The systems and methods receive trade commands from different participants on the item, match these trade commands, determine a commission or reward based on the added liquidity and allocate the commission or reward to certain participants.

Abstract translation: 本发明涉及一种系统和方法，该系统和方法基于至少一个因素导致项目流向市场流动的因素，向参与者分配不同类型的佣金。 因此，佣金可能取决于从不同参与者和/或参与者所在的方面接收交易命令的顺序。 系统和方法从该项目的不同参与者接收交易指令，与这些交易指令相匹配，根据增加的流动性确定佣金或报酬，并向特定参与者分配佣金或报酬。

公开(公告)号：US20080189203A1

公开(公告)日：2008-08-07

申请号：US12100048

申请日：2008-04-09

Applicant: Joseph C. Noviello ,  Michael Sweeting ,  Howard W. Lutnick

Inventor： Joseph C. Noviello ,  Michael Sweeting ,  Howard W. Lutnick

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/00 ,  G06Q40/06

Abstract: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding one or more trading orders. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an electronic alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.

Abstract translation: 根据一个实施例，提供了管理交易的方法。 在特定类型的仪器的市场中，从多个交易者接收包括买单和卖单的电子数据。 每个买单都有相关联的出价，每个卖单都有相关的报价。 通过电子确定特定交易订单是否与至少一个比较价格不同超过阈值来确定特定交易订单是否是离岸交易订单。 如果确定特定交易是离岸交易订单，则对一个或多个交易订单采取限制性行动。 例如，如果交易者随后提交另一个与离岸交易订单交易的交易订单，则可以向交易者发送电子警告消息，并且可以至少暂时地避免随后的交易订单与离岸交易订单进行交易。

公开(公告)号：USD553140S1

公开(公告)日：2007-10-16

申请号：US29229352

申请日：2005-05-05

Applicant: Joseph C. Noviello ,  Howard W. Lutnick ,  Kevin M. Foley ,  Michael Sweeting ,  William P. Gill

Designer： Joseph C. Noviello ,  Howard W. Lutnick ,  Kevin M. Foley ,  Michael Sweeting ,  William P. Gill

公开(公告)号：US20070174162A1

公开(公告)日：2007-07-26

申请号：US11328814

申请日：2006-01-09

Applicant: Howard W. Lutnick ,  Joseph Noviello ,  Michael Sweeting

Inventor： Howard W. Lutnick ,  Joseph Noviello ,  Michael Sweeting

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q40/00

Abstract: Systems and methods for trading an item in an electronic trading system are provided. The method preferably includes transitioning the trading system from a first trading state to a second trading state. Once the trading system has transitioned to the second state, the method includes determining whether an existing order qualifies for trading priority and/or exclusivity in the second trading state with respect to an incoming contra order. This determining of trading rights in the second trading state is preferably based on the status of trading priority in the first trading state and also a set of predetermined criteria with respect to an incoming contra order in the second trading state. If the existing order qualifies for trading priority, then the system preferably presents the incoming contra order for trading exclusively or semi-exclusively to the participant associated with the existing order.

Abstract translation: 提供了在电子交易系统中交易物品的系统和方法。 该方法优选地包括将交易系统从第一交易状态转换到第二交易状态。 一旦交易系统已经转换到第二状态，该方法包括确定现有订单是否符合第二交易状态下的交易优先权和/或排他性相对于进入的违约订单。 这种对第二交易状态的交易权的确定优选地基于在第一交易状态下的交易优先权的状态以及关于在第二交易状态下的进入违约订单的一组预定标准。 如果现有的订单符合交易优先权，则系统优选地将出现的违约订单单独或半独立地交给与现有订单相关联的参与者。

公开(公告)号：US20070162378A1

公开(公告)日：2007-07-12

申请号：US11328566

申请日：2006-01-09

Applicant: Howard W. Lutnick ,  Joseph Noviello ,  Michael Sweeting ,  Bijoy Paul

Inventor： Howard W. Lutnick ,  Joseph Noviello ,  Michael Sweeting ,  Bijoy Paul

IPC: G06Q40/00

CPC classification number: G06Q40/04 ,  G06Q30/06

Abstract: Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.

Abstract translation: 提供了在电子交易系统中交易的物品数量方面提供交易排他性/优先权的系统和方法。 所述方法优选地包括接收所述项目的输入顺序并确定所述输入顺序是否与所述项目的当前顺序相匹配并满足最小体积要求。 当进入的订单与该物品的当前订单相符并且满足最小批量要求时，该方法包括处理进入订单与当前订单之间的交易，并且提供在与输入订单相关联的参与者之间的独占交易的预定时间段 与当前订单相关联的参与者。