Patents Assigned to CFPH, L.L.C.
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Patent number: 8177635Abstract: A clearinghouse is communicatively coupled to at least a first wagering facility and a second wagering facility. The first wagering facility hosts at least a first wagering event and the second wagering facility hosts at least a second wagering event. Bets on the first wagering event are placed at the second wagering facility and bets on the second wagering event are placed at the first wagering facility. The clearinghouse performs settlement of at least these bets between the first wagering facility and the second wagering facility.Type: GrantFiled: August 13, 2009Date of Patent: May 15, 2012Assignee: CFPH, L.L.C.Inventors: Howard W. Lutnick, Joseph M Asher
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Patent number: 7637807Abstract: A method of mapping sporting event results to inputs for a game is provided. One or more event results of a particular sporting event having a particular number of participants are received, and a set of rules is selected from a plurality of sets of rules based on the particular number of participants in the particular sporting event. For each of a plurality of bets, one or more inputs for a game are determined by applying the selected set of rules to the received one or more event results of the particular sporting event. The result of the game is then determined for each of the plurality of bets based at least on the one or more determined inputs for that bet.Type: GrantFiled: April 29, 2004Date of Patent: December 29, 2009Assignee: CFPH, L.L.C.Inventors: Joseph M. Asher, Howard W. Lutnick
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Patent number: 7582013Abstract: This disclosure provides a pari-mutuel wagering system that includes a first wagering facility communicably coupled with a network and operable to receive a bet on a wagering event hosted by a second wagering facility. The first wagering facility is further operable to transmit the bet to the second wagering facility via the network. The system further includes a clearinghouse communicably coupled with the network and operable to capture audit information associated with the bet from the network.Type: GrantFiled: March 10, 2004Date of Patent: September 1, 2009Assignee: CFPH, L.L.C.Inventors: Joseph M. Asher, Howard W. Lutnick
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Patent number: 7574375Abstract: The invention is systems and methods for transferring items with restricted transferability. Initially, the systems and methods wait for a first consumer to make a request to transfer an item after having purchased the item from a provider. The systems and methods then send a request to transfer the item to the provider. This request may indicate inducements to the provider to authorize the transfer. If the transfer is authorized, the systems and methods then present information regarding the item to other consumers. This information may be presented as part of a bidding interface or as part of an advertising interface. Once the second consumer submits a winning bid for the item when the information is presented in a bidding interface, or an acceptable offer when the information is presented in an advertising interface, the transfer of the item can then be completed with or without the assistance of an intermediary.Type: GrantFiled: September 28, 2000Date of Patent: August 11, 2009Assignee: CFPH, L.L.C.Inventors: Stuart A. Fraser, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick
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Patent number: 7566268Abstract: An input, such as a result of a roulette spin, to a roulette game is determined from one or more event results from a sporting event. A result of the roulette game is based at least on the determined input.Type: GrantFiled: January 17, 2007Date of Patent: July 28, 2009Assignee: CFPH, L.L.C.Inventors: Joseph M. Asher, Howard W. Lutnick
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Patent number: 7565320Abstract: An index for a fixed income securities market may be determined based on price information regarding current activity taking place on one or more securities.Type: GrantFiled: March 12, 2007Date of Patent: July 21, 2009Assignee: CFPH, L.L.C.Inventor: Philip Myron Ginsberg
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Patent number: 7549576Abstract: Systems and methods for controlling access to wireless gaming devices and networks are provided. For example, access is controlled through one or more levels of security checks, such as a hard security check instead of or in addition to a soft security check. In a hard security check, the user employs an apparatus such as a card or other physical token that can be used to access the wireless gaming device. Such an apparatus may communicate information that identifies the user to the device or may simply be used to produce a signal without which the device is locked to users.Type: GrantFiled: May 5, 2006Date of Patent: June 23, 2009Assignee: CFPH, L.L.C.Inventors: Dean Alderucci, Kevin Burman, Joseph M Asher, James J Coffey, Ronald Rushin, Robert F Bahrampour
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Patent number: 7401044Abstract: Systems and methods for electronic trading that provide incentives for gathering orders, making markets, and submitting block orders are provided. These systems and methods may first determine if the trader qualifies for an incentive. This determination may be made based upon one or more characteristics, such as price, size, duration, etc., of orders submitted to the trading system by the trader. Once the trader has been determined as being eligible for one or more incentives, the incentives that are provided may include reduced transaction costs, cash payments, priority or exclusivity in trading, self execution of transactions, etc.Type: GrantFiled: June 14, 2000Date of Patent: July 15, 2008Assignee: CFPH, L.L.C.Inventors: Stuart A. Fraser, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick
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Patent number: 6850907Abstract: A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly configured program controlled workstations. The protocol and its program controlling logic enhances trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.Type: GrantFiled: December 18, 1998Date of Patent: February 1, 2005Assignees: Cantor Fitzgerald, L.P., CFPH, L.L.C.Inventors: Howard Lutnick, Stuart Fraser, Bijoy Paul
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Publication number: 20030195841Abstract: Systems and methods for real-time interactive wagering on event outcomes are presented. Clients are first qualified and given wagering limits before being allowed to interactively wager on event outcomes. Event outcomes may be based on, for example, financial markets and indices, sporting and entertainment events, casino performances, and natural phenomena such as weather and earthquakes. Events on which wagers can be placed include both those with known and unknown outcome probabilities, and wagers can be a fixed-odds type or a spread-bet type. Wager transactions, including acceptances and confirmations, are executed in real time. Clients can customize displays of events on which they are authorized to wager. Real-time client credit management, automatic dealer hedging, automatic price-spread adjustments, and automatic client and dealer defined wagering limits are also provided.Type: ApplicationFiled: April 2, 2003Publication date: October 16, 2003Applicant: CFPH, L.L.C. (CFPH)Inventors: Philip M. Ginsberg, Howard W. Lutnick, Andrew C. Gilbert, Mary Ann Gilbert, Lewis Findlay
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Publication number: 20030135441Abstract: Systems and methods for buying and selling durable good futures contracts on a futures market trading interface is provided. The futures market trading interface provides a trader with an ability (i.e., a buyer or a seller) to establish, monitor and control a durable good futures contract. The trading interface may provide options to buy and/or sell a durable good futures contract. In addition, the trading interface may provide options for monitoring relevant futures market information and activity for the durable good futures contract.Type: ApplicationFiled: December 17, 2001Publication date: July 17, 2003Applicant: CFPH, L.L.C.Inventor: Philip M. Ginsberg
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Patent number: 6560580Abstract: A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.Type: GrantFiled: April 20, 1999Date of Patent: May 6, 2003Assignees: Cantor Fitzgerald, L.P. (CFLP), CFPH L.L.C. (CFPH)Inventors: Stuart A. Fraser, Howard Lutnick, Bijoy Paul