Patents by Inventor Joseph Noviello

Joseph Noviello has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20120109809
    Abstract: A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order.
    Type: Application
    Filed: November 2, 2010
    Publication date: May 3, 2012
    Inventors: Michael Sweeting, Howard W. Lutnick, Joseph Noviello
  • Patent number: 8060435
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Grant
    Filed: May 27, 2010
    Date of Patent: November 15, 2011
    Assignee: BGC Partners, Inc.
    Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Patent number: 8041626
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Grant
    Filed: June 1, 2007
    Date of Patent: October 18, 2011
    Assignee: BGC Partners, Inc.
    Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Patent number: 7991679
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Grant
    Filed: December 22, 2000
    Date of Patent: August 2, 2011
    Assignee: BGC Partners, Inc.
    Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Patent number: 7890416
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Grant
    Filed: June 1, 2007
    Date of Patent: February 15, 2011
    Assignee: BGC Partners, Inc.
    Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Publication number: 20100332372
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Application
    Filed: May 27, 2010
    Publication date: December 30, 2010
    Inventors: Glenn D. KIRWIN, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Publication number: 20100325029
    Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.
    Type: Application
    Filed: May 27, 2010
    Publication date: December 23, 2010
    Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
  • Publication number: 20100287090
    Abstract: Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.
    Type: Application
    Filed: July 20, 2010
    Publication date: November 11, 2010
    Inventors: Howard W. LUTNICK, Joseph NOVIELLO, Michael SWEETING, Bijoy PAUL
  • Patent number: 7827089
    Abstract: A system and method is provided to allow traders to submit midprice orders to trade at a price within a spread of a market, preferably at the midpoint of a spread market, while maintaining anonymity of the midprice order. A midprice order is anonymous because other traders do not know whether the submitted midprice orders are orders to buy or orders to sell. A midprice order may remain active until it is traded with a contra midprice order or until a parameter associated with the order is breached, thereby resulting in cancellation of the midprice order.
    Type: Grant
    Filed: March 24, 2003
    Date of Patent: November 2, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Michael Sweeting, Howard W. Lutnick, Joseph Noviello
  • Publication number: 20100198672
    Abstract: A method, apparatus, and article of manufacture for incentivizing a plurality of participants to exchange goods or services on a marketplace. In one embodiment, at least one warrant is issued a participant who trades on the marketplace. The warrant is issued in accordance to an agreement among the plurality of participants. The warrant provides the participant with a right for converting the warrant into at least one ownership share of the marketplace. The right is conditioned on the participant's performance on the marketplace. The participant's performance on the marketplace is determined by the system, and is used to determine a quantity of warrants that may be converted into the at least one ownership share of the marketplace. The quantity of warrants that may be converted is outputted and communicated to the participant.
    Type: Application
    Filed: April 15, 2010
    Publication date: August 5, 2010
    Inventors: Howard W. LUTNICK, Joseph Noviello, Jonathan Uman, Julie Uman, Frederick Varacchi, Eileen Varacchi
  • Publication number: 20100198719
    Abstract: Systems and methods of trading items on an electronic trading system according to the invention are provided. According to an embodiment, the electronic trading system processes a new order type that is an only at best order type, whereby trades are preferably only executed at the best price the item is being bought or sold.
    Type: Application
    Filed: April 15, 2010
    Publication date: August 5, 2010
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Patent number: 7765150
    Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of receiving at least one warrant in exchange for executing at least one trading activity in a marketplace, in which the warrant may be converted into at least one ownership share of an entity associated with the marketplace; receiving information associated with the execution of the trading activities in the marketplace; receiving an indicia indicating a quantity of warrants eligible for conversion into ownership shares, in which the quantity of eligible warrants is determined based on the received information; and receiving a quantity of ownership shares of the entity, in which the quantity of ownership shares is determined based on a conversion ratio.
    Type: Grant
    Filed: February 14, 2007
    Date of Patent: July 27, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
  • Patent number: 7765149
    Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of issuing at least one warrant to a participant, in which the warrant is convertible into at least one ownership share of an entity associated with a marketplace; receiving information associated with the participant's execution of trading activities in the marketplace; determining, based on the received information, a quantity of warrants eligible for conversion into ownership shares; converting the eligible warrants into a quantity of ownership shares; and transmitting an indicia indicating the quantity of ownership shares.
    Type: Grant
    Filed: February 14, 2007
    Date of Patent: July 27, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
  • Patent number: 7761366
    Abstract: Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.
    Type: Grant
    Filed: January 9, 2006
    Date of Patent: July 20, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Bijoy Paul
  • Patent number: 7729967
    Abstract: Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is an only at best order type, whereby trades are preferably only executed at the best price the item is being bought or sold.
    Type: Grant
    Filed: April 18, 2006
    Date of Patent: June 1, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Patent number: 7610235
    Abstract: A vertical market is provided in which members of the market are incentivized to exchange goods and services within the market. The members of the market may enter into an agreement. The participants of the agreement are incentivized to generate revenue within the market. These incentives may include the option to convert warrants at the full conversion rate into ownership shares of the goods and services owned by the participants of the agreement. Warrants may be converted into shares when a pre-determined amount of gross revenue is achieved within a certain amount of time (success incentive), or based on the ratio of gross revenue generated within a certain amount of time over the target amount of gross revenue to be generated within the term of the agreement (growth incentive). Participants may also be entitled to fees for services provided.
    Type: Grant
    Filed: September 25, 2001
    Date of Patent: October 27, 2009
    Assignee: BGC Partners, Inc.
    Inventors: Howard W. Lutnick, Joseph Noviello, Jonathan Uman, Julie Uman, legal representative, Frederick Varacchi, Eileen Varacchi, legal representative
  • Publication number: 20090073004
    Abstract: The present invention provides a trading keyboard that can be configured both physically and functionally according to a user's preferences. The trading keyboard preferably includes self-identifying key covers that can be physically arranged on any of the keyboard's key bases. Detection mechanisms included in the key bases detect the commands of the trading application associated with each self-identifying key cover. Therefore, the user may reposition the key covers on the keyboard according to the user's preferences, and yet retain the same functionality for the key covers. The user may also switch between keyboard modes that allow the keyboard to be functionally reconfigured. By selecting different modes, the user can chose between different keyboard mapping configurations that assign the functions of the trading application to the keys in different arrangements. The mode selection mechanism may also be used to select between different commands associated with a single key or key cover.
    Type: Application
    Filed: March 19, 2008
    Publication date: March 19, 2009
    Inventors: Howard W. Lutnick, Joseph Noviello
  • Publication number: 20090043664
    Abstract: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface includes a display that shows a bid price axis and an ask price axis, as well as corresponding sizes, and a visual indicator of the inside market. When the inside market changes in response to changing market conditions, the display of the inside market clearly shows a spatial movement of the inside market as well as the representative price(s) associated therewith, thereby rendering the two price axis dynamic axis. The user interface is easy to use, intuitive as well as customizable, and contains features that facilitate efficient electronic trading and shows trading activity pertaining to the user as well as the market in general.
    Type: Application
    Filed: July 29, 2005
    Publication date: February 12, 2009
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, James P. Stedman, William P. Gill, Atul Bhatla, Daniel L. Eccleston, James L. Davies
  • Patent number: D578533
    Type: Grant
    Filed: March 8, 2005
    Date of Patent: October 14, 2008
    Assignee: BGC Partners, Inc.
    Inventors: Joseph Noviello, Christopher L. Pepe
  • Patent number: D584311
    Type: Grant
    Filed: March 8, 2005
    Date of Patent: January 6, 2009
    Assignee: BGC Partners, Inc.
    Inventors: Joseph Noviello, Deborah J. Nakamura