Patents Assigned to IntercontinentalExchange, Inc.
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Publication number: 20140156496Abstract: Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. In addition, the computer is configured for comparing the constructed trades with the theoretical price, and displaying market data indicators relative to the theoretical price indicators based on the comparison.Type: ApplicationFiled: February 7, 2014Publication date: June 5, 2014Applicant: IntercontinentalExchange, Inc.Inventor: David R. Wender
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Publication number: 20140156493Abstract: A method for processing a trade order includes a computer receiving a market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The method further includes constructing, by a computer, proposed trades based on the proposed order quantity and price data. The method further includes calculating, by a computer, a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. The method further includes comparing the constructed trades with the theoretical price. The method further includes displaying market data indicators relative to the theoretical price indicators based on the performed comparison.Type: ApplicationFiled: February 6, 2014Publication date: June 5, 2014Applicant: IntercontinentalExchange, Inc.Inventor: David R. Wender
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Patent number: 8612336Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument.Type: GrantFiled: October 22, 2012Date of Patent: December 17, 2013Assignee: IntercontinentalExchange, Inc.Inventors: John Harding, Thomas Farley, David Goone, Chris Crowley, Chris Edmonds, Mark Rowell, Jeffrey Sprecher, Stanislav Ivanov, Donald F. Sternard
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Patent number: 8600861Abstract: A system and method of providing control of prices in an on screen window having a price held for further transactions on an interface for traders of financial instruments. The interface contains a display of products for trading and respective prices for bids and offers. The user has a control device such as a computer mouse with a roller control. Selection of a particular product results in the display of the price of the product at the instant time the product is selected. The price is held until a confirming key or mouse stroke is received to initiate a trading action such as placing a new order, killing an existing order or hitting or lifting an order. The price can be altered by means of the roller control.Type: GrantFiled: October 25, 2007Date of Patent: December 3, 2013Assignee: IntercontinentalExchange, Inc.Inventors: David A. Rutt, Robert J. Sullivan, Edwin Marcial
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Patent number: 8583542Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument.Type: GrantFiled: October 23, 2012Date of Patent: November 12, 2013Assignee: IntercontinentalExchange, Inc.Inventors: John Harding, Thomas Farley, David Goone, Chris Crowley, Chris Edmonds, Mark Rowell, Jeffrey Sprecher, Stanislav Ivanov, Donald F. Sternard
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Patent number: 8566226Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument.Type: GrantFiled: March 14, 2013Date of Patent: October 22, 2013Assignee: IntercontinentalExchange, Inc.Inventors: John Harding, Thomas Farley, David Goone, Chris Crowley, Chris Edmonds, Mark Rowell, Jeffrey Sprecher, Stanislav Ivanov, Donald F. Sternard
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Publication number: 20130226767Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument.Type: ApplicationFiled: March 14, 2013Publication date: August 29, 2013Applicant: IntercontinentalExchange, Inc.Inventor: IntercontinentalExchange, Inc.
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Patent number: 8521630Abstract: Systems and methods for pricing financial instruments include constructing, via at least one computing device comprising one or more processors executing computer-executable instructions stored in memory, a virtual financial complex network comprising one or more interrelated financial markets. Market color data related to at least one of the financial markets is then blended with price data to determine blended pricing information. This blended pricing information is then used to define an objective function that when solved, via an optimization model, determines a minimum market price for each financial instrument across the one or more financial markets.Type: GrantFiled: October 2, 2012Date of Patent: August 27, 2013Assignee: IntercontinentalExchange, Inc.Inventors: Zhenyuan Zhao, Jiaxi Xiao, Yunke Yang, Stephen Pounds
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Publication number: 20130054439Abstract: Systems and methods for pricing financial instruments include constructing, via at least one computing device comprising one or more processors executing computer-executable instructions stored in memory, a virtual financial complex network comprising one or more interrelated financial markets. Market color data related to at least one of the financial markets is then blended with price data to determine blended pricing information. This blended pricing information is then used to define an objective function that when solved, via an optimization model, determines a minimum market price for each financial instrument across the one or more financial markets.Type: ApplicationFiled: October 2, 2012Publication date: February 28, 2013Applicant: INTERCONTINENTALEXCHANGE, INC.Inventor: IntercontinentalExchange, Inc.
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Publication number: 20130046677Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrument.Type: ApplicationFiled: October 23, 2012Publication date: February 21, 2013Applicant: IntercontinentalExchange, Inc.Inventor: IntercontinentalExchange, Inc.
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Publication number: 20130041805Abstract: A method for trading financial instruments includes listing, by an electronic financial exchange, financial instruments that specify which version of a serialized index the financial instrument tracks; receiving, by the electronic financial exchange, an electronic, indication to buy or sell the financial instrument; executing, by the electronic financial exchange, a trade involving the financial instrument; and settling the financial instrument according to the version of the serialized index specified by the financial instrumentType: ApplicationFiled: October 22, 2012Publication date: February 14, 2013Applicant: INTERCONTINENTALEXCHANGE, INC.Inventor: INTERCONTINENTALEXCHANGE, INC.
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Publication number: 20130024353Abstract: Systems and methods of limiting price movement of a financial instrument include establishing, via an exchange server comprising at least one matching engine module, an interval price limit (IPL) period that defines a predetermined length of time commencing at a start time, and an IPL amount that defines a permissible increase or decrease in an anchor price of a financial instrument during the IPL period. Buy and sell orders received for the financial instrument during the IPL period are matched to generate at least one matched trade having a trade price. The trade price is compared to the anchor price, and if the trade price is within the IPL amount of the anchor price, the matching engine module executes the at least one matched trade. Otherwise, if it is not, the matching engine module is prevented from executing the matched trade.Type: ApplicationFiled: September 24, 2012Publication date: January 24, 2013Applicant: IntercontinentalExchange, Inc.Inventor: IntercontinentalExchange, Inc.
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Publication number: 20130018973Abstract: Systems for and methods of evaluating messaging, comprising, receiving, via at least one server device, one or more messages, and said at least one server device processing at least one of the one or more messages by grading content included in said at least one message, applying a weighting factor to said at least one message according to said grading, thereby determining a weighted message count for said at least one message, aggregating the weighted message count for said at least one message, and initiating an action if the aggregated weighted message count meets or exceeds a predetermined count threshold.Type: ApplicationFiled: September 21, 2012Publication date: January 17, 2013Applicant: IntercontinentalExchange, Inc.Inventors: Mark Wassersug, Charles Vice, Mayur Kapani
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Patent number: 8005743Abstract: A system and method of confirming trades of financial instruments such as OTC derivatives is disclosed. The system includes a data interface which accepts data relating to a trade from both the trader and counter party. The data includes different data fields of differing importance. The system includes a matching engine which compares the submitted data and assigns the trade a status depending on which of the data fields match. The system allows a user to filter trades on their status and display the details relating to that trade. The system also allows a user to display the data fields and change the data fields in order to change the status of the trades. The system thus allows a user to electronically confirm a trade and also identify unmatched trades and the information necessary to reconcile such unmatched trades.Type: GrantFiled: September 17, 2002Date of Patent: August 23, 2011Assignee: IntercontinentalExchange, Inc.Inventors: Bruce Tupper, Charles Vice, DongChun Xia, Henry D. Tullis, III, Sanjay Rane, Cynthia L. Worley, Tracy Hughes, Edwin Marcial
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Patent number: 7904377Abstract: A system for automatically determining a trade settlement pathway comprising: receiving trade pathway preferences from a first and second party with respect to each other; wherein the trade is settled through clearing if both parties have available accounts with a clearing firm and the trade satisfies each party's clearing account credit limitations; and wherein the trade is settled bilaterally if at least one party does not have an available clearing account or both parties prefer to settle the trade bilaterally, and the trade satisfies each party's bilateral credit limitations.Type: GrantFiled: October 31, 2007Date of Patent: March 8, 2011Assignee: IntercontinentalExchange, Inc.Inventors: R. J. Cummings, David Goone
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Patent number: 7831502Abstract: A method for facilitating the offset or contingent trading of commodity contracts comprising: providing a futures exchange wherein a futures or option contract based on a first commodity of a commodity type is traded; and automatically registering a trade of the futures or options contract on the futures exchange at a market price for the futures or options contract when an over the counter contract for a second commodity of the commodity type is traded.Type: GrantFiled: October 24, 2007Date of Patent: November 9, 2010Assignee: IntercontinentalExchange, Inc.Inventors: Raymond James Cummings, Marc Leppard
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Patent number: 7685051Abstract: A system for automatically determining a trade settlement pathway comprising: receiving trade pathway preferences from a first and second party with respect to each other; wherein the trade is settled through clearing if both parties have available accounts with a clearing firm and the trade satisfies each party's clearing account credit limitations; and wherein the trade is settled bilaterally if at least one party does not have an available clearing account or both parties prefer to settle the trade bilaterally, and the trade satisfies each party's bilateral credit limitations.Type: GrantFiled: May 23, 2003Date of Patent: March 23, 2010Assignee: IntercontinentalExchange, Inc.Inventors: Raymond J. Cummings, David Goone
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Publication number: 20090276366Abstract: Management of a position concentration risk of an account includes the establishment of a threshold level for an aggregate trader position. The aggregate trader position may be associated with one or more customer accounts that are managed by one or more clearing firms. An actual parameter value associated with each of the customer accounts is aggregated to determine an aggregate parameter value, which is compared against the established threshold value. If, based on the comparison between the aggregate parameter value and the established threshold value, it is determined that the aggregate parameter value meets or exceeds the established threshold value, an advisory alert is generated, which may be automatic. The advisory alert is then communicated or otherwise provided to one or more authorized entities.Type: ApplicationFiled: April 27, 2009Publication date: November 5, 2009Applicant: IntercontinentalExchange, Inc.Inventors: Thomas Hammond, Thomas Farley, Raymond J. Cummings