Patents Examined by Jason M. Borlinghaus
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Patent number: 8560420Abstract: A suite of predictions is defined to model the financial data commonly used to calculate technical indicators one or more periods in the future. Neural networks are trained to make these predictions. The predictions are then integrated with the standard technical indicator calculations to produce predictive technical indicators which are superior because they lead more and lag less.Type: GrantFiled: December 7, 2009Date of Patent: October 15, 2013Assignee: Predictive Technologies Group, LLCInventor: Louis B. Mendelsohn
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Patent number: 8560427Abstract: 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: GrantFiled: February 26, 2007Date of Patent: October 15, 2013Assignee: BGC Partners, Inc.Inventor: David Lawrence
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Patent number: 8554661Abstract: 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: GrantFiled: February 26, 2007Date of Patent: October 8, 2013Assignee: BGC Partners, Inc.Inventor: David Lawrence
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Patent number: 8554656Abstract: A system and method for evaluating, substituting and optimizing investment asset portfolios based on performance history to facilitate the investment process. An analyzed investment portfolio is compared to a dynamically composed reference portfolio of exchange-traded products whose periodic returns best approximate periodic returns of the analyzed portfolio. Excess periodic returns of the analyzed portfolio over those of the reference portfolio are discounted in time by a risk-adjusted rate, and the resulting normalized measure is used to rate and rank the analyzed portfolios. The analyzed portfolio is substituted with the reference portfolio through a periodic execution of adjustment trades in the latter, so that returns are closely tracked over time. The analyzed portfolio is optimized by using a lag fit of the reference portfolio, which smoothes out suboptimal market timing and macro-based investment decisions of the analyzed portfolio manager.Type: GrantFiled: December 7, 2011Date of Patent: October 8, 2013Assignee: Envarix Systems Inc.Inventor: Marek R Kotelba
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Patent number: 8543485Abstract: A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.Type: GrantFiled: May 3, 2006Date of Patent: September 24, 2013Assignee: Trading Technologies International, Inc.Inventors: Scott F. Singer, Steven J. Carroll, Michael J. Burns
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Patent number: 8533110Abstract: A computer-implemented method for verifying employment of a first user with a computer system programmed to perform the method includes receiving a first name for a user-represented employer via a user-application, receiving a first plurality of social network data associated with the first user from a first social network server, wherein the first plurality of social network data includes a second name associated with an user-represented employer via a user-profile on the first social network, determining a relationship between the employer associated with the first name and the employer associated with the second name, in response to the first name and to the second name, determining an employment verification indicator in response to the relationship between the employer associated with the first name to the employer associated to the second name and outputting with the computer system, the employment verification indicator.Type: GrantFiled: June 29, 2012Date of Patent: September 10, 2013Assignee: Sociogramics, Inc.Inventors: Gary Kremen, Eric King, Norman Kremen
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Patent number: 8533106Abstract: Techniques for regulating order entry based on an acceptable slop range for a trading strategy are described. According to one example embodiment, a trader may define an acceptable slop range for a trading strategy as a percentage. Using a spread trading algorithm, a spread price axis is generated and the trader may place an order for the trading strategy at a desired price, comprising placing an order in one leg market dependent on the market conditions of another leg market. Using the acceptable slop range, the system keep the net cost to the trader within the acceptable slop range, by regulating orders in the leg markets. Defining an acceptable slop range as a percentage allows the trader to monitor and regulate their profits and loss, regardless of the type of spread trading algorithm used or the placement of an order on the spread price axis.Type: GrantFiled: March 2, 2012Date of Patent: September 10, 2013Assignee: Trading Technologies International, Inc.Inventor: Daniel T. McNicholas
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Patent number: 8527292Abstract: A medical data analysis service is provided. The service may be implemented as an on-line service using a data analysis server. The data analysis server may maintain patient databases and a community database. Each patient database may be populated with patient medical expense data such as medical bills from health care providers and insurance statements from insurance providers. The service analyzes the data in the databases to identify potential errors. The system detects errors in billing and insurance coverage and enables the patient to query medical expense data. The system enables patient's notes relating to these services to be easily tracked, queried and shared. The system enables a patient to derive additional knowledge from the medical expense and insurance coverage data. This knowledge can be queried by the patient. The system enables a patient to derive more knowledge from collective patient medical expense and insurance coverage data and annotations.Type: GrantFiled: June 26, 2006Date of Patent: September 3, 2013Assignee: Smartmc, LLCInventor: Banu R. Ozden
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Patent number: 8521646Abstract: A system makes payments from a payer to a vendor and assesses a variable transaction fee to the vendor. The system comprises a database which associates, for each of a community of payers, identification a rate tier assigned to each vendor to which the payer makes payment. A tier assignment application determines a tier to assign to a vendor by determining: i) an industry sensitivity score based on the type of business the vendor operates; ii) a payer centric spend score; iii) a payer centric frequency score; iv) a network spend score; and iv) a network frequency score. The tier assigned to the vendor is a function of these scores. A payment application, when making payment from the payer to the vendor, determines a transaction fee to apply to the payment by multiplying the payment amount by a transaction rate associated with the tier assigned to the vendor.Type: GrantFiled: August 9, 2011Date of Patent: August 27, 2013Assignee: Bottomline Technologies (de), IncInventors: Amy Beth Hoke, Christopher Curtis Martin, Claire Tierney Vadney
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Patent number: 8510134Abstract: A computer system including a server and software, for example, provides items and services for injuries under workman's compensation coverage through a web portal. An automated request to provide an item is transmitted from the server over the network setting a specific price, such that the one or more of a plurality of providers is capable of accepting the automated request using the network connected to the server. A care cart may be customizable by the adjuster or the adjuster's employer. Items are added automatically by the system to a care cart using an automated algorithm relating specific items to both an injury code and a zip code, and the system transmits the care cart to the adjuster portal and presents the adjuster with options.Type: GrantFiled: February 22, 2011Date of Patent: August 13, 2013Assignee: Matrix Healthcare Services, Inc.Inventors: Charles Sweat, Nicholas DiMola, Steven MacDonald, John Kime, James Pace, Jason Hillhouse
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Patent number: 8498931Abstract: Systems and methods are provided for evaluating risks associated with alternative strategies for assessing an entity with respect to a predetermined objective. A system includes an action table that contains a plurality of possible actions that can be taken with respect to the predetermined objective for various entity profiles. One or more statistical data stores are configured to contain risk amounts associated with each entity profile, where the one or more statistical data stores are configured to contain inferred percentage distribution of applicants associated with each entity profile. One or more profile identification data stores contain entity identification information for use in determining an action for the entity. One or more improvement data stores provide an indication in the improvement in risk based upon a change in one or more characteristics for an entity profile.Type: GrantFiled: July 30, 2012Date of Patent: July 30, 2013Assignee: SAS Institute Inc.Inventors: Clark Richard Abrahams, Mingyuan Zhang
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Patent number: 8478680Abstract: A high speed apparatus and method for processing financial instrument order books are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to (1) process streaming financial market data, the streaming financial market data comprising a plurality of messages representative of a plurality of offers to buy and sell a plurality of financial instruments, and (2) maintain in real-time a plurality of financial instrument order books based on the messages.Type: GrantFiled: March 31, 2011Date of Patent: July 2, 2013Assignee: Exegy IncorporatedInventors: Scott Parsons, David E. Taylor, David Vincent Schuehler, Mark A. Franklin, Roger D. Chamberlain
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Patent number: 8468072Abstract: The invention comprises a method for distributing dead bank cards to customers who have not solicited a bank card or submitted an application. The dead bank card is a bank card (e.g., ATM card, debit card, check card, and the like) which contains all necessary information to be used, including a pre-assigned bank account number, and which only requires activation/approval by the prospective new bank account customer. In one embodiment, the dead bank card is distributed in connection with live credit cards issued to applicants for credit card accounts. Once operative, the bank card and the credit card may be linked together through a rebate/rewards program.Type: GrantFiled: August 8, 2007Date of Patent: June 18, 2013Assignee: JPMorgan Chase Bank, N.A.Inventors: Michael J. Cleary, David A. Clifton, Dean Ilijasic, David C. Cohen, Kristine K. Rodgers
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Patent number: 8463683Abstract: There is provided a data processing system and method for valuing a bundle of constructs that may individually fail, in case of a separation event causing the bundle of constructs to separate a failing construct from the bundle. A present value determination unit applies a predefined model to determine a present value of the bundle of constructs after having separated the failing construct from the bundle. Further, a static value determination unit determines a static value by reducing a static base number each time a separation event occurs. Furthermore, a calculation unit calculates a value of the bundle of constructs based on the determined present value and the determined static value. The calculation unit is adapted to calculate a sum of the determined present value and the determined static value. In an embodiment, the bundle of constructs is a basket of credit default swaps.Type: GrantFiled: November 18, 2004Date of Patent: June 11, 2013Assignee: Deutsche Boerse AGInventor: Peter Kästel
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Patent number: 8463625Abstract: A system, method, and computer program product embodied on a computer readable medium are provided. In use, census information pertinent to a group insured by one or more insurance policies is received from a user. Further, second information describing attributes of one or more insurance policies available to the group for a particular type of insurance is received from the user. In addition, for each individual or family in the group and each of the available one or more insurance policies, an application is executed that is capable of calculating uncovered costs associated with the second information and calculating a total of the uncovered costs for the group. Also, third information regarding a premium of each of the available one or more insurance policies for the group is received from the user. Moreover, fourth information regarding a rule for and type of fair sharing of a total of the premium and the uncovered costs between the group and a third party is received from the user.Type: GrantFiled: May 28, 2010Date of Patent: June 11, 2013Inventor: Daniel L. Owen
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Patent number: 8458081Abstract: A high speed apparatus and method for processing a plurality of financial market data messages are disclosed. With respect to an exemplary embodiment, a reconfigurable logic device is employed to (1) receive the financial market data messages, and (2) process each received financial market data message to update a stored record for the financial instrument associated with that message.Type: GrantFiled: March 31, 2011Date of Patent: June 4, 2013Assignee: Exegy IncorporatedInventors: Scott Parsons, David E. Taylor, David Vincent Schuehler, Mark A. Franklin, Roger D. Chamberlain
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Patent number: 8447679Abstract: Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.Type: GrantFiled: August 13, 2012Date of Patent: May 21, 2013Assignee: Chicago Mercantile Exchange, Inc.Inventors: Richard Co, John Labuszewski, Paul Peterson, John Nyhoff, Sayee Srinivasan
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Patent number: 8438094Abstract: Systems and methods for creating and disseminating a SKEW index based on a statistical property reflecting the skewness of an underlying asset and creating and trading derivative investment products based on the SKEW index are disclosed. In one aspect, a SKEW index associated with an underlying asset is calculated. The SKEW index is accessed and a SKEW derivative is created based on the SKEW index. Information associated width the SKEW derivative is then transmitted for display.Type: GrantFiled: March 4, 2011Date of Patent: May 7, 2013Assignee: Chicago Board Options Exchange, IncorporatedInventor: Catherine T. Shalen
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Patent number: 8423446Abstract: Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.Type: GrantFiled: August 8, 2012Date of Patent: April 16, 2013Assignee: Chicago Mercantile Exchange, Inc.Inventors: Richard Co, John Labuszewski, John Nyhoff
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Patent number: 8417631Abstract: Smart card transactions allow consumers to load value onto and make purchases using smart cards with a mobile telephone handset over the telecommunications network. To load the smart card, the handset receives a request to load value. The handset generates a funds request message and sends the message to a funds issuer computer that debits a user account. Next, the handset authenticates the smart card and receives a response message including approval to load. The handset validates the response and loads the value onto the smart card. For payment, the handset sends an order request message to the merchant server computer, and in return receives a purchase instruction message. The handset processes the message locally, and sends a draw request message to a payment server computer. The payment server computer sends an approval to debit the smart card. The handset validates the approval and debits the smart card.Type: GrantFiled: October 27, 2011Date of Patent: April 9, 2013Assignee: Visa International Service AssociationInventors: Steven R. Hoffman, Suzanne C. Cutino