Patents by Inventor Michael J. Burns

Michael J. Burns 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).

  • 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: 11861706
    Abstract: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.
    Type: Grant
    Filed: June 29, 2022
    Date of Patent: January 2, 2024
    Assignee: Trading Technologies International, Inc.
    Inventors: Scott F. Singer, Michael J. Burns, Mark A. Musgrave
  • Publication number: 20230410202
    Abstract: The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.
    Type: Application
    Filed: August 30, 2023
    Publication date: December 21, 2023
    Inventors: Michael J. Burns, Brian J. Buck, Douglas R. Duquette
  • Patent number: 11790445
    Abstract: The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.
    Type: Grant
    Filed: April 21, 2021
    Date of Patent: October 17, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Michael J. Burns, Brian J. Buck, Douglas R. Duquette
  • Publication number: 20230324758
    Abstract: An electro-optic device includes a first electrode electrically connecting with power supply circuitry. A second electrode is spaced from the first electrode and electrically connecting with the power supply circuitry. An electro-optic medium is disposed between the first electrode and the second electrode. At least one third electrode is disposed between the first electrode and the second electrode and electrically connecting with one of the first electrode and the second electrode via switching circuitry. The switching circuitry is operable to control an electrical current through the first electrode, the electro-optic medium, and the second electrode.
    Type: Application
    Filed: April 6, 2023
    Publication date: October 12, 2023
    Applicant: Gentex Corporation
    Inventors: Robert R. Turnbull, David A. Blaker, Xiaoxu Niu, Leroy J. Kloeppner, Bradley R. Hamlin, Michael J. Burns
  • Publication number: 20230230165
    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: Application
    Filed: March 22, 2023
    Publication date: July 20, 2023
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Patent number: 11693696
    Abstract: Techniques for processing a request may include: providing tasks to a state machine framework, wherein the tasks perform processing of a workflow for servicing the request; generating, by the state machine framework, a state machine for processing the request, wherein the state machine includes states associated with the tasks, wherein generating the state machine may include automatically determining a first state transition of the state machine between a first and a second of the states; receiving the request; and responsive to receiving the request, performing first processing using the state machine to service the request. The framework may automatically generate triggers that drive the state machine to determine subsequent states in accordance with defined state transitions. State machine internal state information may be persistently stored and used in restoring the state machine to one of its states in connection processing of the command.
    Type: Grant
    Filed: September 11, 2020
    Date of Patent: July 4, 2023
    Assignee: EMC IP Holding Company LLC
    Inventors: Daniel K. O'Reilly, Jr., Matthew P. Jean, Michael J. Burns
  • Publication number: 20230196465
    Abstract: A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.
    Type: Application
    Filed: February 15, 2023
    Publication date: June 22, 2023
    Inventors: Scott F. Singer, Michael J. Burns, Stephen P. Decker
  • 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
  • Publication number: 20230123810
    Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.
    Type: Application
    Filed: December 20, 2022
    Publication date: April 20, 2023
    Inventors: Stephen A. Schwarz, Michael J. Burns
  • Patent number: 11615468
    Abstract: A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.
    Type: Grant
    Filed: April 29, 2019
    Date of Patent: March 28, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Scott F. Singer, Michael J. Burns, Stephen P. Decker
  • Patent number: 11562431
    Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.
    Type: Grant
    Filed: April 14, 2022
    Date of Patent: January 24, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Stephen A. Schwarz, Michael J. Burns
  • Publication number: 20230005063
    Abstract: Embodiments for determining a traded item's value are described herein. An embodiment includes identifying conditions for use in computing a value of the tradable object. The embodiment further includes determining whether a condition is satisfied based on market data, for example, and if the condition is satisfied, then determining the value of the item based on a rule associated with the condition; and if the condition is not satisfied, then determining whether a subsequent condition is satisfied. If a subsequent condition is satisfied, then determining the value of the tradable object based on a rule associated with the subsequent condition. An embodiment further includes computing an open profit and loss value based on the item's value. Other embodiments are also disclosed.
    Type: Application
    Filed: September 13, 2022
    Publication date: January 5, 2023
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Publication number: 20220383414
    Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.
    Type: Application
    Filed: August 10, 2022
    Publication date: December 1, 2022
    Inventors: Michael J. Burns, Fred Monroe
  • Publication number: 20220335524
    Abstract: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.
    Type: Application
    Filed: June 29, 2022
    Publication date: October 20, 2022
    Inventors: Scott F. Singer, Michael J. Burns, Mark A. Musgrave
  • Patent number: 11475518
    Abstract: Embodiments for determining a traded item's value are described herein. An embodiment includes identifying conditions for use in computing a value of the tradable object. The embodiment further includes determining whether a condition is satisfied based on market data, for example, and if the condition is satisfied, then determining the value of the item based on a rule associated with the condition; and if the condition is not satisfied, then determining whether a subsequent condition is satisfied. If a subsequent condition is satisfied, then determining the value of the tradable object based on a rule associated with the subsequent condition. An embodiment further includes computing an open profit and loss value based on the item's value. Other embodiments are also disclosed.
    Type: Grant
    Filed: February 9, 2010
    Date of Patent: October 18, 2022
    Assignee: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Patent number: 11449933
    Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.
    Type: Grant
    Filed: December 18, 2013
    Date of Patent: September 20, 2022
    Assignee: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Fred Monroe
  • Patent number: 11410237
    Abstract: The present embodiments include methods, systems, and computer program products that provide tools for use in any type of electronic trading environment. In one aspect, leaning manager includes software that can be implemented on any type of computer device for tracking and/or coordinating the buying and selling of available market quantities by multiple automated or semi-automated trading tools. For instance, if more than one automated or semi-automated trading tool is leaning on the same tradeable object then the leaning manager may track and/or coordinate such action. The trading tools can use the tracked information and/or the allocated quantities and their prices to enhance their trading strategies.
    Type: Grant
    Filed: April 23, 2020
    Date of Patent: August 9, 2022
    Assignee: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Scott F. Singer, Michael J. Burns, Mark A. Musgrave
  • Publication number: 20220237698
    Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.
    Type: Application
    Filed: April 14, 2022
    Publication date: July 28, 2022
    Inventors: Stephen A. Schwarz, Michael J. Burns
  • Patent number: 11334944
    Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.
    Type: Grant
    Filed: July 28, 2020
    Date of Patent: May 17, 2022
    Assignee: Trading Technologies International, Inc.
    Inventors: Stephen A. Schwarz, Michael J. Burns