Patents by Inventor Thomas F. Haller
Thomas F. Haller 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).
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Publication number: 20240177235Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: ApplicationFiled: January 31, 2024Publication date: May 30, 2024Applicant: NYSE Group, Inc.Inventors: PAUL D. ADCOCK, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20240169432Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: January 30, 2024Publication date: May 23, 2024Applicant: NYSE Group, Inc.Inventors: PAUL D. ADCOCK, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11935121Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: GrantFiled: February 8, 2023Date of Patent: March 19, 2024Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11922503Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: July 5, 2023Date of Patent: March 5, 2024Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20230342851Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: July 5, 2023Publication date: October 26, 2023Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11748812Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: February 6, 2023Date of Patent: September 5, 2023Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20230196460Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: ApplicationFiled: February 8, 2023Publication date: June 22, 2023Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20230186391Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: February 6, 2023Publication date: June 15, 2023Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11615472Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: August 19, 2022Date of Patent: March 28, 2023Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11615471Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: GrantFiled: August 15, 2022Date of Patent: March 28, 2023Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20220414774Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: August 19, 2022Publication date: December 29, 2022Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20220391985Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: ApplicationFiled: August 15, 2022Publication date: December 8, 2022Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11455687Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: GrantFiled: April 2, 2021Date of Patent: September 27, 2022Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11455688Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: November 15, 2021Date of Patent: September 27, 2022Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11436678Abstract: A directed order process and related market center system are disclosed, wherein a market center system grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center system automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior interest in an electronic marketplace before crossing, all while maintaining anonymity amongst the parties.Type: GrantFiled: July 28, 2021Date of Patent: September 6, 2022Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 11416929Abstract: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.Type: GrantFiled: November 20, 2014Date of Patent: August 16, 2022Assignee: NYSE Group, Inc.Inventor: Thomas F. Haller
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Publication number: 20220076340Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: November 15, 2021Publication date: March 10, 2022Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 11216881Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: December 30, 2019Date of Patent: January 4, 2022Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20210358037Abstract: A directed order process and related market center system are disclosed, wherein a market center system grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center system automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior interest in an electronic marketplace before crossing, all while maintaining anonymity amongst the parties.Type: ApplicationFiled: July 28, 2021Publication date: November 18, 2021Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 11132746Abstract: A directed order process and related market center system are disclosed, wherein a market center system grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center system automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior interest in an electronic marketplace before crossing, all while maintaining anonymity amongst the parties.Type: GrantFiled: December 9, 2019Date of Patent: September 28, 2021Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill