Patents Examined by Thuan Tran
  • Patent number: 7747455
    Abstract: Partner protection insurance provides coverage for an innocent spouse in the event that a defendant has to pay damages uninsured by a liability insurance policy to a plaintiff due to a judgment in a lawsuit brought by the plaintiff against the defendant. The innocent partner is in a partnership with the defendant. Partner protection insurance covers the joint assets of the partnership that are assignable to the innocent partner in the event of the dissolution of said partnership. The partnership may be a marriage.
    Type: Grant
    Filed: January 6, 2005
    Date of Patent: June 29, 2010
    Assignee: Consilience, Inc.
    Inventors: Cary B. Barr, Verona Barr
  • Patent number: 7742979
    Abstract: An integrated virtual market is provided that facilitates communication between the producers of a given commodity and the parties wishing to purchase such commodities. This system provides real-time updated information about local pricing being offered by those purchasers. In addition, those producers can post offers that can automatically be accepted by purchasers and have contracts automatically generated. An important consideration from a purchaser's prospective is minimizing the risk associated with making such transactions. Due to this, futures contracts are often obtained. The virtual market system of the present inventions automatically requests and obtains futures contracts to hedge the contracts being generated.
    Type: Grant
    Filed: June 6, 2008
    Date of Patent: June 22, 2010
    Assignee: Farms Technology, LLC
    Inventors: Gary Reding, Kent Beadle, Chris Nikkel, Mark Schulze, Walker Humphries, Dave Womeldorf, David Clark, Scott Cerreta, Carl Ozkaynak, Julia A. Granada Rodriguez
  • Patent number: 7698205
    Abstract: A method of calculating leg prices in trading of a combination order on a market having set price rules is provided. The combination order comprises a combination of instruments of at least two different kinds that are traded for a single net price and each kind of instrument is associated with a respective leg price. The method comprises the following steps: a) assigning seed price values to all leg prices but a last leg price; b) calculating the last leg price by means of the assigned seed price values and a net price for the combination order; c) checking whether the last leg price complies with the price rules; d) if the last leg price does not comply with the price rules, modifying the seed price values; and repeating steps c) and d) until the last leg price complies with current price rules or for a predetermined number of times. This attains compliance with the tick step rules and in turn avoids the use of secondary price algorithms, which may lead to costly and time-consuming manual re-booking.
    Type: Grant
    Filed: June 5, 2003
    Date of Patent: April 13, 2010
    Assignee: OMX Technology AB
    Inventor: Alessandro Romani