Patents by Inventor R. Raymond May
R. Raymond May 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: 20120109812Abstract: A data processing system that records detailed market information for one or more financial markets to facilitate the audit of executed trades for time, quantity, and price as being reasonable. The system receives and records data from financial markets, including the date and time trades are executed and the prices at which the financial instruments traded. The system provides users the ability to compare a particular transaction for a financial instrument to transaction data for the same and/or related financial instruments at around the same time, to determine whether the price paid for the financial instrument is reasonable for the time the trade was executed. A trade confirmation service is also provided to permit traders to verify the parameters of executed transactions.Type: ApplicationFiled: January 6, 2012Publication date: May 3, 2012Applicant: ICAP SERVICES NORTH AMERICA LLCInventors: Hal Hinkle, R. Raymond May
-
Patent number: 7966249Abstract: In an electronic trading system, a method for facilitating block trading of financial instruments includes establishing a set of tiered block trading ranges, each tiered block trading range having a lower limit defining a minimum order size for filling block trades within the respective tiered block trading range, receiving a block order for a financial instrument, the block order having a block size that falls within a first tiered block trading range, and executing the block order in accordance with the minimum order size defined by the lower limit associated with the first tiered block trading range. The electronic trading system is adapted to identify executed trades with matching parties and financial instruments, combine each set of matching trades into a single trading order, reverse out the individual matching trades, execute the single trading orders, and transmit data corresponding to the executed trades to the transacting parties or a clearing entity.Type: GrantFiled: February 12, 2007Date of Patent: June 21, 2011Assignee: ICAP Services North America LLCInventors: James D. Dawson, R. Raymond May, Gregory Hedger
-
Publication number: 20100299239Abstract: A switch engine module enables anonymous switches between a first trader and a plurality of second traders. The switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.Type: ApplicationFiled: May 18, 2010Publication date: November 25, 2010Inventor: R. Raymond May
-
Publication number: 20100185559Abstract: An internet-protocol based anonymous trading system which enables traders to identify bids and offers which they are eligible to trade based upon a color coded methodology which gives the trader credit preference information about the potential counterparty while still maintaining the anonymity of the potential counterparty. To that end, each bid or offer is prescreened against all possible counterparties' credit information in the system and each counterparty sees a unique color coded trading interface based upon their particular credit preference combinations and the others in the system. The system then shows all prices in the system, and the color-coding tells the trader which prices he is able to trade, and also shows him the full depth of the market, including those the trader is unable to trade.Type: ApplicationFiled: January 22, 2010Publication date: July 22, 2010Inventor: R. Raymond May
-
Publication number: 20100179902Abstract: A switch engine module receive interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. In particular, an embodiment provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties, for example, in a two-way or many-to-many auction. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches.Type: ApplicationFiled: January 22, 2010Publication date: July 15, 2010Inventor: R. Raymond May
-
Patent number: 7689497Abstract: A switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. Another embodiment provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches.Type: GrantFiled: February 28, 2003Date of Patent: March 30, 2010Assignee: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Patent number: 7571136Abstract: A switch engine module enables advantageous management of a risk portfolio. The switch engine receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.Type: GrantFiled: January 6, 2006Date of Patent: August 4, 2009Assignee: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Patent number: 6996540Abstract: A switch engine module receive interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. In particular, an embodiment provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches.Type: GrantFiled: October 5, 2000Date of Patent: February 7, 2006Assignee: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20040015431Abstract: A switch engine module enables anonymous switches between a first trader and a plurality of second traders. The switch engine module receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.Type: ApplicationFiled: March 24, 2003Publication date: January 22, 2004Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20040015430Abstract: A switch engine module receive interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. Further, an embodiment of the provides for a switch auction whereby users can use an auction process to trade for forward rate agreement switches with other counterparties. In the switch auction, the price is predetermined by the system prior to the auction so that parties can opt out of the transaction if desired. The credit preferences of the participating traders are taken in consideration in making matches.Type: ApplicationFiled: February 28, 2003Publication date: January 22, 2004Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20030229571Abstract: A subject-based addressing scheme comprising a four-part subject code that includes a source field, a class field, a symbol field, and a currency field. The four-part subject code is derived by systematically dividing the perimeters, terms, and conditions of the various derivative instruments into four discreet parts. The source field identifies the source of the information. The class field identifies a principal product class into which the financial instrument falls. The symbol field provides the underlying structure of the derivative instrument, thus, is the principal code used to define each instrument. For each class, an identified list of perimeters are included in the symbol field for defining the derivative instrument. The currency field provides the currency code of the instrument.Type: ApplicationFiled: October 22, 2002Publication date: December 11, 2003Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20030220868Abstract: A switch engine module enables advantageous management of a risk portfolio. The switch engine receives interest rate risk portfolios from a plurality of traders, and for each prospective trader, provides available switches based on positions in other counterparty portfolios that offset the viewing traders' positions. The offsetting positions are encoded with credit preference information in order to identify eligible trades based on both counterparties credit preferences. The credit preferences of the participating traders can be taken in consideration in making switches.Type: ApplicationFiled: April 7, 2003Publication date: November 27, 2003Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20030093360Abstract: An internet-protocol based anonymous trading system which enables traders to identify bids and offers which they are eligible to trade based upon a color coded methodology which gives the trader credit preference information about the potential counterparty while still maintaining the anonymity of the potential counterparty. To that end, each bid or offer is prescreened against all possible counterparties' credit information in the system and each counterparty sees a unique color coded trading interface based upon their particular credit preference combinations and the others in the system. The system then shows all prices in the system, and the color-coding tells the trader which prices he is able to trade, and also shows him the full depth of the market, including those the trader is unable to trade.Type: ApplicationFiled: June 10, 2002Publication date: May 15, 2003Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Publication number: 20020138390Abstract: A subject-based addressing scheme comprising a four-part subject code that includes a source field, a class field, a symbol field, and a currency field. The four-part subject code is derived by systematically dividing the perimeters, terms, and conditions of the various derivative instruments into four discreet parts. The source field identifies the source of the information. The class field identifies a principal product class into which the financial instrument falls. The symbol field provides the underlying structure of the derivative instrument, thus, is the principal code used to define each instrument. For each class, an identified list of perimeters are included in the symbol field for defining the derivative instrument. The currency field provides the currency code of the instrument.Type: ApplicationFiled: October 12, 1998Publication date: September 26, 2002Inventor: R. RAYMOND MAY
-
Publication number: 20020099651Abstract: A credit monitoring system in an electronic trading system forms a complex check to determine if two particular counterparties will except each other for a particular trade based upon their respective predefined credit preferences. In accordance with an embodiment, credit preferences imputed by each counterparty with regard to the other counterparty are referenced to determine the trade eligibility of either party with respect to the other for a particular financial transaction instrument. Indication of whether a counterparty can enter into the proposed trade is conveyed to the respective trader, preferably using a color coding scheme in which various colors represent the relevant credit status with regard to the viewing trader. The complex check performed by the system may be embodied in a simple yes/no statement, in terms of maturity of a particular financial instrument, or in terms of a risk quotient (i.e., risk equivalent or RQ) initially determined by the system, though modifiable by the trader.Type: ApplicationFiled: November 8, 2001Publication date: July 25, 2002Applicant: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Patent number: 6421653Abstract: An internet-protocol based anonymous trading system which enables traders to identify bids and offers which they are eligible to trade based upon a color coded methodology which gives the trader credit preference information about the potential counterparty while still maintaining the anonymity of the potential counterparty. To that end, each bid or offer is prescreened against all possible counterparties' credit information in the system and each counterparty sees a unique color coded trading interface based upon their particular credit preference combinations and the others in the system. The system then shows all prices in the system, and the color-coding tells the trader which prices he is able to trade, and also shows him the full depth of the market, including those the trader is unable to trade.Type: GrantFiled: October 12, 1998Date of Patent: July 16, 2002Assignee: Blackbird Holdings, Inc.Inventor: R. Raymond May
-
Patent number: 6317727Abstract: A credit monitoring system in an electronic trading system forms a complex check to determine if two particular counterparties will except each other for a particular trade based upon their respective predefined credit preferences. In accordance with an embodiment, credit preferences imputed by each counterparty with regard to the other counterparty are referenced to determine the trade eligibility of either party with respect to the other for a particular financial transaction instrument. Indication of whether a counterparty can enter into the proposed trade is conveyed to the respective trader, preferably using a color coding scheme in which various colors represent the relevant credit status with regard to the viewing trader. The complex check performed by the system may be embodied in a simple yes/no statement, in terms of maturity of a particular financial instrument, or in terms of a risk quotient (i.e., risk equivalent or RQ) initially determined by the system, though modifiable by the trader.Type: GrantFiled: October 12, 1998Date of Patent: November 13, 2001Assignee: Blackbird Holdings, Inc.Inventor: R. Raymond May