Patents Assigned to HSX, Inc.
  • Computer-implemented securities trading system with a virtual specialist function
    Patent number: 6505174
    Abstract: The present invention discloses method, apparatus, and article of manufacture for a computer-implemented financial management system that permits the trading of securities via a network. A server computer receives buy and sell orders for derivative financial instruments from a plurality of client computers. The server computer matches the buy orders to the sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer. The virtual specialist program responds to an imbalance in the matching of the buy and sell orders.
    Type: Grant
    Filed: November 2, 1998
    Date of Patent: January 7, 2003
    Assignee: HSX, Inc.
    Inventors: Timothy M. Keiser, Michael R. Burns
  • Computer-implemented securities trading system with a virtual specialist function
    Patent number: 5950176
    Abstract: The present invention discloses a method, apparatus, and article of manufacture for a computer-implemented financial management system that permits the trading of securities via a network. A server computer receives buy and sell orders for derivative financial instruments from a plurality of client computers. The server computer matches the buy orders to the sell orders and then generates a market price through the use of a virtual specialist program executed by the server computer. The virtual specialist program responds to an imbalance in the matching of the buy and sell orders.
    Type: Grant
    Filed: March 25, 1996
    Date of Patent: September 7, 1999
    Assignee: HSX, Inc.
    Inventors: Timothy Maxwell Keiser, Michael R. Burns