Patents Assigned to BNY Convergex Execution Solutions LLC
  • AGED TRANSACTIONS IN A TRADING SYSTEM
    Publication number: 20110066545
    Abstract: A method and system for aging orders, increasing securities market liquidity.
    Type: Application
    Filed: November 22, 2010
    Publication date: March 17, 2011
    Applicant: BNY ConvergEx Execution Solutions LLC
    Inventors: Paolo Aloe, Brian Carr, Dan Weingarten
  • Aged transactions in a trading system
    Patent number: 7840481
    Abstract: A method and system for aging orders, increasing securities market liquidity.
    Type: Grant
    Filed: June 7, 2007
    Date of Patent: November 23, 2010
    Assignee: BNY Convergex Execution Solutions LLC
    Inventors: Paolo Aloe, Brian Carr, Dan Weingarten
  • SYSTEM FOR PROVIDING STEP OUT COMMISSIONS AND COMPENSATION FOR RESEARCH BROKERS
    Publication number: 20100161390
    Abstract: In a trading environment that comprises buy side traders and securities brokers, a computer process capable of preventing securities brokers from receiving information irrelevant to a commission payment for a securities transaction. The process comprises means for providing an overview of commission payments for a predetermined time period, means for providing details of step-out payments for the predetermined period, means for adjusting step-in amounts and frequencies, means for providing notification that a commission payment has been stepped out and is capable of being credited, means for automatically suggesting and performing step-ins and step-outs, and means for assessing the step-outs and step-ins against a predetermined budget.
    Type: Application
    Filed: March 3, 2010
    Publication date: June 24, 2010
    Applicant: BNY ConvergEX Execution Solution LLC
    Inventors: Peter HANSEN, Nicolay LANDMARK, Lars KRAGH