Patents Assigned to eSpeed, Inc.
  • Patent number: 6876309
    Abstract: A computer-implemented, transaction-making, municipal bond trading system having a capability to conduct a private electronic auction of bid wanteds between a central brokers' broker and multiple prospective remote bidders and to maintain a reference database of accurate individual bond lot descriptions and identifications, including CUSIP (trademark) numbers.
    Type: Grant
    Filed: May 28, 1999
    Date of Patent: April 5, 2005
    Assignee: eSpeed, Inc.
    Inventor: David Lawrence
  • Publication number: 20050038732
    Abstract: Apparatus and methods for automatically executing a trade of an item between a market participant who issues a request for a quote for an item and a market participant who responds to the request are provided. In some embodiments, an automatic trade may be conditioned upon the acknowledgement, by the participant who issues the request, of an obligation to execute the trade. In some embodiments, the invention may include one or more modules for receiving the request, receiving a quote, receiving a responsive number of units of the item to be traded, decrementing a time interval in which the participant who issues the request is required to trade, and, if that participant does not trade within the time interval, trading on behalf of that participant.
    Type: Application
    Filed: August 13, 2003
    Publication date: February 17, 2005
    Applicant: eSpeed, Inc.
    Inventors: Michael Sweeting, Howard Lutnick
  • Publication number: 20050038731
    Abstract: Apparatus and methods for automatically executing a trade of an item between a market participant who issues a request for a quote for an item and a market participant who responds to the request are provided. In some embodiments, an automatic trade may be conditioned upon the acknowledgement, by the participant who issues the request, of an obligation to execute the trade. In some embodiments, the invention may include one or more modules for receiving the request, receiving a quote, receiving a responsive number of units of the item to be traded, decrementing a time interval in which the participant who issues the request is required to trade, and, if that participant does not trade within the time interval, trading on behalf of that participant.
    Type: Application
    Filed: August 13, 2003
    Publication date: February 17, 2005
    Applicant: eSpeed, Inc.
    Inventors: Michael Sweeting, Howard Lutnick, Lee Amaitis
  • Publication number: 20040210512
    Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.
    Type: Application
    Filed: April 20, 2004
    Publication date: October 21, 2004
    Applicant: eSpeed, Inc.
    Inventors: Stuart A. Fraser, Andrew C. Gilbert, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
  • Publication number: 20040193529
    Abstract: The present invention relates to systems and methods for implementing an automated auction process that is held at a designated time on the Internet, and that ends after bidding has been completed. In accordance with these systems and methods, a server connected to a plurality of workstations may establish several auctions that allow for efficient trading of multiple goods, while simulating the live and dynamic setting of traditional auctions.
    Type: Application
    Filed: July 29, 2003
    Publication date: September 30, 2004
    Applicant: eSpeed, Inc.
    Inventors: Joseph M. Asher, Howard W. Lutnick
  • Publication number: 20040100467
    Abstract: Systems and methods for providing an interactive graphical representation of a market for an electronic trading system are provided. A graph may be displayed on a display of a workstation in an electronic trading system. In one example, the graph may include a curve corresponding to a range of values of a financial instrument. In another example, the graph may include symbols that represent bids and offers for one or more financial instruments. A user may be allowed to select a portion of the graph. In response to the user's selection, a trading dialog box may be provided, thereby allowing the user to place a trade directly from the graph.
    Type: Application
    Filed: November 27, 2002
    Publication date: May 27, 2004
    Applicant: eSpeed, Inc.
    Inventor: Timothy H. Heaton
  • Publication number: 20030139997
    Abstract: The present invention is systems and methods for implementing commission allocations in transaction management of auction-based trading for specialized items such as fixed income instruments. In accordance with these systems and methods, a plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, reward customers and brokers who participate in transactions, and distribute commission and transaction data in real time.
    Type: Application
    Filed: December 17, 2001
    Publication date: July 24, 2003
    Applicant: eSPEED, Inc.
    Inventor: Philip M. Ginsberg
  • Publication number: 20030115131
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Application
    Filed: October 28, 2002
    Publication date: June 19, 2003
    Applicant: eSpeed Inc., a corporation of Delaware
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Publication number: 20030055774
    Abstract: Systems and methods for trading commodity, an item or instrument are provided. The market prices and trading may be monitored to detect a spike in the market price or artificially high market price. Excess profits resulting from the sale at an artificially high market price may be distributed to market participants based upon the participant's trading record in the market or upon some other suitable method.
    Type: Application
    Filed: September 5, 2001
    Publication date: March 20, 2003
    Applicant: eSPEED, Inc., One World Trade Center
    Inventor: Phillip M. Ginsberg
  • Publication number: 20020169704
    Abstract: Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.
    Type: Application
    Filed: May 9, 2001
    Publication date: November 14, 2002
    Applicant: eSPEED, INC.
    Inventors: Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis
  • Patent number: D502467
    Type: Grant
    Filed: April 24, 2003
    Date of Patent: March 1, 2005
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D503712
    Type: Grant
    Filed: July 8, 2003
    Date of Patent: April 5, 2005
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D503713
    Type: Grant
    Filed: July 8, 2003
    Date of Patent: April 5, 2005
    Assignee: eSpeed, Inc.
    Inventors: Howard W Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D503935
    Type: Grant
    Filed: July 8, 2003
    Date of Patent: April 12, 2005
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D491944
    Type: Grant
    Filed: April 24, 2003
    Date of Patent: June 22, 2004
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D496663
    Type: Grant
    Filed: April 24, 2003
    Date of Patent: September 28, 2004
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D497912
    Type: Grant
    Filed: July 8, 2003
    Date of Patent: November 2, 2004
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson
  • Patent number: D498240
    Type: Grant
    Filed: November 21, 2003
    Date of Patent: November 9, 2004
    Assignee: eSpeed, Inc.
    Inventors: Lee M. Amaitis, James C. Johnson, Joseph C. Noviello, Nigel J. Renton, Michael Sweeting
  • Patent number: D498476
    Type: Grant
    Filed: July 8, 2003
    Date of Patent: November 16, 2004
    Assignee: eSpeed, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson