Patents Represented by Attorney Ruth J. Ma
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Patent number: 8255168Abstract: Products and processes are provided herewith for analyzing octane content in a fuel sample that include the step or steps of receiving an octane measurement of a fuel sample from a octane analyzer, rounding the octane measurement to a nearest recognized octane rating, comparing the rounded octane measurement with a listed octane rating for the fuel sample, and communicating results of the comparison to a user of the octane analyzer. The octane analyzer may be incorporated into a fuel pump or a vehicle. The results of the comparison may also be used to adjust the vehicle operating parameters to account for the actual octane rating of the fuel dispensed into the vehicle.Type: GrantFiled: March 8, 2011Date of Patent: August 28, 2012Assignee: CFPH, LLCInventors: Howard W. Lutnick, Antonio Papageorgiou
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Patent number: 8200568Abstract: According to one embodiment, a method of managing trading is provided. A first offer for a particular instrument in a particular market is received from a first market maker at a first offer price. A first bid for the same particular instrument in the same particular market is received from a second market maker at a first bid price, the first bid price being higher than or equal to the first offer price. As a result of the first bid price being higher than or equal to the first offer price, the first offer price is automatically increased to a price higher than the first bid price such that a trade is not executed between the first offer and the first bid. In some embodiments, such method may be used to protect market makers from unwanted trades caused by inherent latency in the market makers' pricing engines and/or networks.Type: GrantFiled: July 21, 2004Date of Patent: June 12, 2012Assignee: BGC Partners, Inc.Inventors: Nigel J. Renton, Michael Sweeting
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Patent number: 8060435Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.Type: GrantFiled: May 27, 2010Date of Patent: November 15, 2011Assignee: BGC Partners, Inc.Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
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Patent number: 8041626Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.Type: GrantFiled: June 1, 2007Date of Patent: October 18, 2011Assignee: BGC Partners, Inc.Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
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Patent number: 7937309Abstract: Systems and methods that manage financial market data with hidden information. The systems and methods may receive market data about a plurality of financial instruments. The plurality of financial instruments comprises at least two different kinds of financial instruments. Hidden information is generated, based on the market data. The hidden information is viewable only after scrolling a cursor over a graphical element. The systems and methods also generate, based on the market data, a first graphical element that is embedded with hidden information. The first graphical element is displayed on a display. An indication is received indicating that the cursor has scrolled over the first graphical element. In response to the indication, the hidden information that is embedded in the first graphical element is displayed on the display.Type: GrantFiled: August 6, 2010Date of Patent: May 3, 2011Assignee: CFPH, LLCInventors: Jeffrey M. Bandman, Gregory P. Manning, Bernie A. Weinstein
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Patent number: 7925449Abstract: Products and processes are provided herewith for analyzing octane content in a fuel sample that include the step or steps of receiving an octane measurement of a fuel sample from a octane analyzer, rounding the octane measurement to a nearest recognized octane rating, comparing the rounded octane measurement with a listed octane rating for the fuel sample, and communicating results of the comparison to a user of the octane analyzer. The octane analyzer may be incorporated into a fuel pump or a vehicle. The results of the comparison may also be used to adjust the vehicle operating parameters to account for the actual octane rating of the fuel dispensed into the vehicle.Type: GrantFiled: September 18, 2007Date of Patent: April 12, 2011Assignee: CFPH, LLCInventors: Howard W. Lutnick, Antonio Papageorgiou
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Patent number: 7835987Abstract: A system for routing a trading order to a market center according to price comprises a memory and a processor. The memory stores policy information, cost information, and rebate information associated with a plurality of market centers. The processor receives a trading order specifying a trading product, a plurality of market center prices for the trading order, and best price information for the trading product. The processor adjusts at least one market center price according to the policy information of the corresponding market center and the best price information. The processor also adjusts at least one market center price according to at least one of the cost information and the rebate information of the corresponding market center. The processor then compares the plurality of market center prices, and selects a particular market center based at least in part upon the comparison.Type: GrantFiled: January 29, 2004Date of Patent: November 16, 2010Assignee: BGC Partners, Inc.Inventors: Thomas J. Daley, Pavan K. Garapati
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Patent number: 7818191Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of: receiving a request to reserve a service that is provided by a restaurant. The request to reserve is for a particular time and a particular date and the service comprises at least one of: (i) preparing a consumable good that is consumed at the restaurant's location; (ii) preparing a consumable good that is received at the restaurant's location; or (iii) preparing a consumable good that is delivered to a location external to the restaurant's location. The methods and system also include comparing the particular time requested with a schedule associated with the restaurant. The schedule comprises a list of times that are available for reservation. The methods and system also include determining an availability of the request to reserve; and outputting an indicia that the request to reserve the service has been accepted or denied.Type: GrantFiled: March 2, 2007Date of Patent: October 19, 2010Assignee: CFPH, LLCInventors: Howard W. Lutnick, Dean P. Alderucci
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Patent number: 7801784Abstract: A system and method are provided for managing financial market information. According to certain embodiments, the system includes a computer having a memory, processor, and display. The processor is capable of generating a graphical depiction of the financial market information on the display. The graphical depiction includes a multidimensional representation of a broad range of market information for at least two financial instruments. The graphical depiction resides in a single window on the display.Type: GrantFiled: June 7, 2005Date of Patent: September 21, 2010Assignee: CFPH, LLCInventors: Jeffrey M. Bandman, Gregory P. Manning, Bernie A. Weinstein
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Patent number: 7797227Abstract: Systems and methods for providing incentives for gathering orders, making markets, and submitting block orders, and that enable linking of multiple auctions. First, the system determines whether the trader qualifies for an incentive. This determination may be made based upon characteristics, such as price, size, duration of orders submitted to the trading system. The incentives provided may include reduced transaction costs, cash payments, priority or exclusivity in trading, self execution of transactions. Before an order is eligible to be traded in an auction that is linked to another auction in the trading system, the order is preferably confirmed as qualifying to be auctioned in such a manner. If an order is confirmed, the auction is created and preferably linked to another auction based upon a characteristic of the order. Information from each auction also may be available to traders in the other auctions.Type: GrantFiled: June 11, 2008Date of Patent: September 14, 2010Assignee: CFPH, LLCInventors: Stuart A. Fraser, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick
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Patent number: 7782274Abstract: Various configurations of an electronic display, and devices incorporating the display, are provided. The display may have multiple portions connected along one or more axes, lines, points, or other connecting areas. The portions are movable about the connections. In various configurations, the display portions emulate different media and/or communication and computing devices. Two or more of the display devices may be coupled in an array.Type: GrantFiled: June 9, 2006Date of Patent: August 24, 2010Assignee: CFPH, LLCInventor: Gregory P. Manning
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Patent number: 7765150Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of receiving at least one warrant in exchange for executing at least one trading activity in a marketplace, in which the warrant may be converted into at least one ownership share of an entity associated with the marketplace; receiving information associated with the execution of the trading activities in the marketplace; receiving an indicia indicating a quantity of warrants eligible for conversion into ownership shares, in which the quantity of eligible warrants is determined based on the received information; and receiving a quantity of ownership shares of the entity, in which the quantity of ownership shares is determined based on a conversion ratio.Type: GrantFiled: February 14, 2007Date of Patent: July 27, 2010Assignee: BGC Partners, Inc.Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
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Patent number: 7765149Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of issuing at least one warrant to a participant, in which the warrant is convertible into at least one ownership share of an entity associated with a marketplace; receiving information associated with the participant's execution of trading activities in the marketplace; determining, based on the received information, a quantity of warrants eligible for conversion into ownership shares; converting the eligible warrants into a quantity of ownership shares; and transmitting an indicia indicating the quantity of ownership shares.Type: GrantFiled: February 14, 2007Date of Patent: July 27, 2010Assignee: BGC Partners, Inc.Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
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Patent number: 7734484Abstract: According to an embodiment, a method includes accessing a listing of a plurality of profiles of life insurance policies. A profile is selected from the listing, and the trading status of the profile can be viewed. A buy command or sell command is submitted to an exchange system to trade the life insurance policy that is associated with the selected profile.Type: GrantFiled: October 17, 2006Date of Patent: June 8, 2010Assignee: CFPH, LLCInventors: Howard W. Lutnick, Stuart A. Hersch
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Patent number: 7610235Abstract: A vertical market is provided in which members of the market are incentivized to exchange goods and services within the market. The members of the market may enter into an agreement. The participants of the agreement are incentivized to generate revenue within the market. These incentives may include the option to convert warrants at the full conversion rate into ownership shares of the goods and services owned by the participants of the agreement. Warrants may be converted into shares when a pre-determined amount of gross revenue is achieved within a certain amount of time (success incentive), or based on the ratio of gross revenue generated within a certain amount of time over the target amount of gross revenue to be generated within the term of the agreement (growth incentive). Participants may also be entitled to fees for services provided.Type: GrantFiled: September 25, 2001Date of Patent: October 27, 2009Assignee: BGC Partners, Inc.Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
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Patent number: 7562045Abstract: 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.Type: GrantFiled: November 18, 2003Date of Patent: July 14, 2009Assignee: BGC Partners, Inc.Inventors: Alastair J. D. Beadle, Michael Sweeting
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Patent number: 7562034Abstract: An electronic silent auctioning system comprising a first local client, a second local client, and a local network device. The network device is operable to receive one or more unique bids on an item from each local client. The item is described in a central repository on the server for processing. The server is operable to determine a winning bid for the item based on predetermined criteria and communicate the received bids to a server.Type: GrantFiled: April 1, 2004Date of Patent: July 14, 2009Assignee: BGC Partners, Inc.Inventors: Joseph M. Asher, Howard W. Lutnick
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Patent number: 7401044Abstract: Systems and methods for electronic trading that provide incentives for gathering orders, making markets, and submitting block orders are provided. These systems and methods may first determine if the trader qualifies for an incentive. This determination may be made based upon one or more characteristics, such as price, size, duration, etc., of orders submitted to the trading system by the trader. Once the trader has been determined as being eligible for one or more incentives, the incentives that are provided may include reduced transaction costs, cash payments, priority or exclusivity in trading, self execution of transactions, etc.Type: GrantFiled: June 14, 2000Date of Patent: July 15, 2008Assignee: CFPH, L.L.C.Inventors: Stuart A. Fraser, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick