Patents Examined by Jason M. Borlinghaus
  • Patent number: 11972486
    Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.
    Type: Grant
    Filed: March 22, 2023
    Date of Patent: April 30, 2024
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Patent number: 11954734
    Abstract: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.
    Type: Grant
    Filed: September 12, 2022
    Date of Patent: April 9, 2024
    Assignee: Intercontinental Exchange Holdings, Inc.
    Inventors: Atsushi Maruyama, Boudewijn Duinstra, Christian A. M. Schlegel, Daniel R. de Almeida, Fernando V. Cerezetti, Gabriel E. S. Medina, Ghais Issa, Iddo Yekutieli, Jerome M. Drean, Marcus Keppeler, Rafik Mrabet, Stephen R. Pounds, Wen Jiang, Yanyan Hu, Yunke Yang
  • Patent number: 11948197
    Abstract: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.
    Type: Grant
    Filed: September 12, 2022
    Date of Patent: April 2, 2024
    Assignee: Intercontinental Exchange Holdings, Inc.
    Inventors: Atsushi Maruyama, Boudewijn Duinstra, Christian A. M. Schlegel, Daniel R. de Almeida, Fernando V. Cerezetti, Gabriel E. S. Medina, Ghais Issa, Iddo Yekutieli, Jerome M. Drean, Marcus Keppeler, Rafik Mrabet, Stephen R. Pounds, Wen Jiang, Yanyan Hu, Yunke Yang
  • Patent number: 11941704
    Abstract: At least a method for determining risk behavior of a driver is described. While a vehicle is being driven, data is obtained related to the position and movement of a wireless communications device. The data may indicate the type of behavior exhibited by the driver while the vehicle is being driven.
    Type: Grant
    Filed: December 22, 2022
    Date of Patent: March 26, 2024
    Assignee: Allstate Insurance Company
    Inventors: Mark V. Slusar, Joseph Kleinhenz, Eric D. Huls
  • Patent number: 11941701
    Abstract: A system and method for processing of transaction orders includes a strategy matching venue configured to process strategy orders having respective strategies identifying a reference rate or a range of reference rates. Strategy orders are matched to contra strategy orders having a compatible but possibly different strategy. A single match can generate a stream of executions at maximum rate compatible with the strategies for the matched orders. Additional systems operate to generate strategy orders from conventional algorithmic orders and to coordinate filling of the algorithmic order relative to favor filling of the strategy order by the strategy matching venue.
    Type: Grant
    Filed: November 22, 2022
    Date of Patent: March 26, 2024
    Assignee: PURESTREAM TRADING TECHNOLOGIES INC.
    Inventor: Armando Diaz
  • Patent number: 11928734
    Abstract: An exemplary system according to the present disclosure comprises a computing device that in operation, causes the system to receive financial product or financial portfolio data, map the financial product to a risk factor, execute a risk factor simulation process involving the risk factor, generate product profit and loss values for the financial product or portfolio profit and loss values for the financial portfolio based on the risk factor simulation process, and determine an initial margin for the financial product. The risk factor simulation process can be a filtered historical simulation process.
    Type: Grant
    Filed: April 13, 2022
    Date of Patent: March 12, 2024
    Assignee: Intercontinental Exchange Holdings, Inc.
    Inventors: Atsushi Maruyama, Boudewijn Duinstra, Christian A. M. Schlegel, Daniel R. de Almeida, Fernando V. Cerezetti, Gabriel E. S. Medina, Ghais Issa, Iddo Yekutieli, Jerome M. Drean, Marcus Keppeler, Rafik Mrabet, Stephen R. Pounds, Wen Jiang, Yanyan Hu, Yunke Yang
  • Patent number: 11915316
    Abstract: Provided is a method for converting order book data into 2D data for a machine learning model, which is performed by one or more processors, in which the method includes acquiring order book data including data items for a plurality of bid prices and data items for a plurality of ask prices for a stock traded in a first stock exchange according to time from a time point in the past that is a predetermined period of time earlier, to a current time point, calculating a mid price based on a highest bid price of the plurality of bid prices and a lowest ask price of the plurality of ask prices, and generating data in tensor form having a first axis of times at certain time intervals and a second axis of prices in units of tick.
    Type: Grant
    Filed: November 10, 2022
    Date of Patent: February 27, 2024
    Assignee: REBELLIONS INC.
    Inventor: Byungjae Lee
  • Patent number: 11907938
    Abstract: In various example embodiments, a machine is configured to redirect completion of a transaction to a trusted device. For example, the machine determines that a page involving the transaction is being displayed in a user interface of a first device. The page may be associated with the product or service. The machine identifies an interruption of the displaying of the page in the user interface of the first device. The machine identifies a second device that is trusted by the user. The machine transmits a communication including a notification to the second device. The notification indicates the transaction.
    Type: Grant
    Filed: November 1, 2021
    Date of Patent: February 20, 2024
    Assignee: eBay Inc.
    Inventors: Sudeep Kumar, Deepak Kumar Vasthimal
  • Patent number: 11893627
    Abstract: In various exemplary embodiments, a system and associated method to perform an adaptive risk-based assessment of a user is disclosed. A method includes receiving a request from a user to perform an action at an electronic marketplace, retrieving a plurality of risk assessment factors associated with the action and the user, performing a risk assessment process on the risk assessment factors to identify a risk mitigation process, requesting that the user perform the identified risk mitigation process, and allowing the user to perform the action in response to the user completing the risk mitigation.
    Type: Grant
    Filed: September 5, 2019
    Date of Patent: February 6, 2024
    Assignee: EBAY INC.
    Inventors: Farhang Kassaei, Amanda A. Earhart, Snezana Sahter, Srinivasu Gottipati, Lars Wright, Craig Rowley, Lakshman Shyam Sundar Maddali, Nainesh Nayudu
  • Patent number: 11887083
    Abstract: Systems and methods associated with providing an automated portal to migrate one or more relationships with one entity to another entity are disclosed.
    Type: Grant
    Filed: January 10, 2023
    Date of Patent: January 30, 2024
    Assignee: Capital One Services, LLC
    Inventors: Elias Cottingham, Thomas Dodson, Dwayne Richardson
  • Patent number: 11887136
    Abstract: A decision-making tool for real estate properties consumes information about properties at a zip code level (including, but not limited to, transactions and construction), and outputs an indicator predicting whether capital is crowding into a specific region of the respective zip code in the next time period, e.g., next month, next quarter, etc. In this way, users can use the various deal flow data to better understand the likely patterns in capital flows in the real estate market for the upcoming quarter, and thus to inform decisions related to investing in real estate property or divesting existing properties.
    Type: Grant
    Filed: November 2, 2020
    Date of Patent: January 30, 2024
    Assignee: BLACKROCK, INC.
    Inventors: Alexander Symes, Anita Mehrotra, Melanie Manko, Patrick A. Ewane Essouman, Eric Warren Tawney, Shawn Simpson
  • Patent number: 11823091
    Abstract: Technology is directed to tools for providing tax related services for virtual currency holdings, e.g., bitcoin holdings. The tax related services can include computation of taxes such as income tax, sales tax, and payroll tax for virtual currency holdings. The services can also include facilitating filing of the taxes with the concerned department. The tool can include a computing device configured to execute a tax application for computing the taxes on virtual currency holdings. The user provides information on a source of virtual currency transactions, e.g., an address of a bitcoin wallet, to the tax application, and the tax application retrieves the transactions from the source. The tax application categorizes the transactions into various transaction types and identifies the taxable and/or non-taxable transactions. The gain/loss and the associated tax are computed for the taxable transactions using one or more cost-basis methods.
    Type: Grant
    Filed: December 6, 2022
    Date of Patent: November 21, 2023
    Assignee: LUKKA, INC.
    Inventor: Jake Ryan Benson
  • Patent number: 11803912
    Abstract: An integrated order management engine is disclosed that reduces the latency associated with managing multiple orders to buy or sell a plurality of financial instruments. Also disclosed is an integrated trading platform that provides low latency communications between various platform components. Such an integrated trading platform may include a trading strategy offload engine.
    Type: Grant
    Filed: July 25, 2022
    Date of Patent: October 31, 2023
    Assignee: Exegy Incorporated
    Inventors: David Taylor, Scott Parsons
  • Patent number: 11763388
    Abstract: A system, a method, and a computer program product for providing a recreation of an event are disclosed. A plurality of data is received from a plurality of sources of information. The plurality of data describes an event. Each data in the plurality of data has a different format. Each data in the plurality of data is converted into a predetermined format. The converted received plurality of data is combined. Based on the combined converted received data, a report describing a recreation of the event is generated. The generated report is transmitted for display on at least one user interface.
    Type: Grant
    Filed: June 26, 2020
    Date of Patent: September 19, 2023
    Assignee: Esurance Insurance Services, Inc.
    Inventor: Melissa Ann O'Kane
  • Patent number: 11756134
    Abstract: Methods and systems for homeowner-directed risk mitigation for damage to a property associated with insurance-related events are provided. A smart home controller may analyze data received from a plurality of smart devices disposed on, or proximate to, a property as well as data received from an insurance provider. If it is determined that an actual or potential risk of property damage exists, the smart home controller may transmit an alert to a homeowner detailing the risk. The homeowner may respond to the alert by transmitting an instruction to mitigate or prevent damage associated with the risk back to the smart home controller. Subsequently, the smart home controller may transmit information about the actual or potential risks and any homeowner-directed mitigative actions to an insurance provider. The insurance provider may interpret the transmitted data and perform insurance activities, such as providing discounts and adjusting an insurance policy associated with the property.
    Type: Grant
    Filed: December 5, 2022
    Date of Patent: September 12, 2023
    Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
    Inventors: Ronny S. Bryant, Shawn M. Call, Daryoush Hakimi-Boushehri, John H. Weekes, Jennifer Criswell, Todd Binion, Jackie O. Jordan, II, Elisabeth McDermeit, John Donovan
  • Patent number: 11734657
    Abstract: A method includes generating a transaction code associated with a payee; generating and providing a payee device token to a payee user device; receiving an indication of a contact or a near-contact event between the payee user device and a payor user device; receiving from the payor user device, the transaction code associated with the payee and a transaction code associated with the payor, the transaction codes exchanged during the contact or near-contact event; establishing a payment relationship between the payee and the payor responsive to receiving the indication and the transaction codes from the payor user device; receiving a payment request; determining that the payment request originated from the user device identified by the payee device token, and that the received transaction codes contained in the payment request match stored transaction codes of the payee and the payor contained in a database; and processing the received payment request.
    Type: Grant
    Filed: October 10, 2022
    Date of Patent: August 22, 2023
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Daniel David, Jonathan A. Hartsell, Heath Kamp, Sarah W. Phelps, Philip Sprague, Christina Zikeli
  • Patent number: 11734770
    Abstract: Systems and methods are disclosed with respect to using a blockchain for managing the subrogation claim process related to a vehicle accident, in particular, determining fault as part of the subrogation process. An exemplary embodiment may include receiving an electronic notification of a vehicle collision; receiving sensor data (such as telematics, image, audio, vehicle operational, or other sensor data) related to the vehicle collision; determining a percentage of fault of the vehicle collision for one or more vehicles, vehicle systems, and/or drivers based upon, at least in part, analysis of the sensor data collected; and creating a blockchain for the vehicle collision with one or more links to the sensor image data and an indication of the percentage of fault(s) determined to facilitate blockchain-based claim handling.
    Type: Grant
    Filed: November 17, 2022
    Date of Patent: August 22, 2023
    Assignee: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY
    Inventors: William J. Leise, Douglas A. Graff, Anthony McCoy, Jaime Skaggs, Shawn M. Call, Stacie A. McCullough, Wendy H. Clayton, Melinda Teresa Magerkurth, Kim E. Flesher, Travis Charles Runge
  • Patent number: 11727383
    Abstract: There are provided systems and methods for automatic synchronization of a device for transaction processing based on geo-fenced locations. A merchant may geo-fence an area corresponding to the merchant's location where a user may visit to purchase an item. The merchant may provide multiple transaction processing and payment options at the merchant location, including payment applications with a mobile communication device. A payment provider may detect the location of the user and determine that the user's location matches the merchant's location through the geo-fenced area for the merchant. The payment provider may then configure a payment process for the user to utilize at the merchant location using payment mechanisms accepted at the merchant location. Where multiple merchants are located nearby, the payment provider may utilize additional known information for the user to select the most likely merchant for the user.
    Type: Grant
    Filed: July 27, 2022
    Date of Patent: August 15, 2023
    Assignee: PAYPAL, INC.
    Inventors: Kevin Laracey, Douglas Hurst, Patrick Babcock
  • Patent number: 11694265
    Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.
    Type: Grant
    Filed: October 26, 2022
    Date of Patent: July 4, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul Andrew Bauerschmidt, Dmitriy Glinberg, Edward M. Gogol, Stephen M. Goldman, Paul I. Lichter, Jeffrey Robert Mitchell, Ari L. Studnitzer, Tae Seok C. Yoo
  • Patent number: 11645718
    Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.
    Type: Grant
    Filed: January 21, 2021
    Date of Patent: May 9, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns