Patents Assigned to GFI Group, Inc.
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Patent number: 12094003Abstract: A method and system for providing integrated credit derivative brokerage services, the method or system including or using a credit trading arrangement, a credit trade capture arrangement, a trade management service arrangement to process trade data for the credit trading arrangement and the credit trade capture arrangement, and a central repository arrangement to store market data and shared reference data.Type: GrantFiled: July 21, 2023Date of Patent: September 17, 2024Assignee: GFI GROUP, INC.Inventors: Michael Gooch, Michael Everaert
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Patent number: 11875403Abstract: Apparatus and method for stimulating trading in a limited-liquidity financial instrument may include receiving a trade of liquidity for the financial instrument. The trade may include a first order from a first entity corresponding to a price and volume associated with a pre-determined bid-offer spread. The first order may be executable only in conjunction with a counterorder including a commitment to make a two-way market in the pre-determined bid-offer spread. The counterorder may be received from a second entity with a bid price and an offer price. An instruction may be received from the first entity to select one of the bid and the offer and execute a trade therewith for a size not less than a pre-determined size. If a selection from the first entity is not received with a pre-determined time period of time, a trade may be executed based on a pre-determined election by the second entity.Type: GrantFiled: November 8, 2021Date of Patent: January 16, 2024Assignee: GFI Group, Inc.Inventors: Francesco Cicero, Simon Prest
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Patent number: 11823263Abstract: A method and system for providing integrated credit derivative brokerage services, the method or system including or using a credit trading arrangement, a credit trade capture arrangement, a trade management service arrangement to process trade data for the credit trading arrangement and the credit trade capture arrangement, and a central repository arrangement to store market data and shared reference data.Type: GrantFiled: November 6, 2020Date of Patent: November 21, 2023Assignee: GFI GROUP, INC.Inventors: Michael Gooch, Michael Everaert
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Patent number: 11170440Abstract: Apparatus for stimulating trading in a limited-liquidity financial instrument are provided. One the method may include receiving a trade of liquidity for the limited-liquidity financial instrument. The receiving may include receiving a first order. The first order may correspond to a price and volume associated with a pre-determined bid-offer spread. The order may be executable only in conjunction with a counterorder that trades with the first order and includes a commitment to make a two-way market in the financial instrument at the predetermined bid-offer spread. In certain embodiments, when the first order is received from a first entity and the counterorder is received from a second entity, the method may also include receiving a bid price and an offer price from a second entity. The method may also include receiving an instruction from the first entity to select one of the bid and the offer and to execute a trade therewith.Type: GrantFiled: February 11, 2019Date of Patent: November 9, 2021Assignee: GFI Group Inc.Inventors: Francesco Cicero, Simon Prest
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Patent number: 10832321Abstract: A method and system for providing integrated credit derivative brokerage services, the method or system including or using a credit trading arrangement, a credit trade capture arrangement, a trade management service arrangement to process trade data for the credit trading arrangement and the credit trade capture arrangement, and a central repository arrangement to store market data and shared reference data.Type: GrantFiled: December 13, 2004Date of Patent: November 10, 2020Assignee: GFI GROUP, INC.Inventors: Michael Gooch, Michael Everaert
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Patent number: 10229457Abstract: Apparatus for stimulating trading in a limited-liquidity financial instrument are provided. One the method may include receiving a trade of liquidity for the limited-liquidity financial instrument. The receiving may include receiving a first order. The first order may correspond to a price and volume associated with a pre-determined bid-offer spread. The order may be executable only in conjunction with a counterorder that trades with the first order and includes a commitment to make a two-way market in the financial instrument at the predetermined bid-offer spread. In certain embodiments, when the first order is received from a first entity and the counterorder is received from a second entity, the method may also include receiving a bid price and an offer price from a second entity. The method may also include receiving an instruction from the first entity to select one of the bid and the offer and to execute a trade therewith.Type: GrantFiled: May 11, 2015Date of Patent: March 12, 2019Assignee: GFI GROUP INC.Inventors: Francesco Cicero, Simon Prest
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Patent number: 8626637Abstract: A computer-implemented method of trading an interest, which includes executing a trade for the interest between counterparties, locking the interest for further executions, providing an opportunity to the counterparties to work-up the trade, providing an opportunity to a trader not a counterparty to the trade to join in the trade, receiving a request from the trader to join the trade; and joining the trader in the trade.Type: GrantFiled: May 23, 2007Date of Patent: January 7, 2014Assignee: GFI Group, Inc.Inventors: Michael Gooch, Michel Everaert, Francesco Cicero, Manju Chandanani, Ethan Lee, Razvan Chiroiu
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Publication number: 20130311350Abstract: Systems and methods for implementing post-matching trading are provided. A financial instrument transaction system may include a database configured to store financial instrument information for reference entities; a memory for storing execution instructions; and a processor. The processor may execute the instructions. The processor may initiate a trading session for a predetermined duration. Prior to and during the trading session, the processor may receive from a plurality of trader clients trading instructions associated with the reference entity. The instructions may include either a buy or sell position and a price. At the end of the trading session, the processor may determine, based on predefined criteria, whether the trading session qualifies for a post-matching session. If the trading session qualifies for a post-matching session, the processor may provide a graphical user interface to a selected group of traders for trading in the post-matching session.Type: ApplicationFiled: July 11, 2013Publication date: November 21, 2013Applicant: GFI Group Inc.Inventor: Francesco Cicero
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Patent number: 8498926Abstract: A method of trading a foreign currency option on an electronic trading system may include executing a trade of the foreign currency option between a buyer and a setter, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or hay additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option.Type: GrantFiled: May 21, 2012Date of Patent: July 30, 2013Assignee: GFI Group, Inc.Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins
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Patent number: 8489495Abstract: Systems and methods for implementing post-matching trading are provided. A financial instrument transaction system may include a database configured to store financial instrument information for reference entities; a memory for storing execution instructions; and a processor. The processor may execute the instructions. The processor may initiate a trading session for a predetermined duration. Prior to and during the trading session, the processor may receive from a plurality of trader clients trading instructions associated with the reference entity. The instructions may include either a buy or sell position and a price. At the end of the trading session, the processor may determine, based on predefined criteria, whether the trading session qualifies for a post-matching session. If the trading session qualifies for a post-matching session, the processor may provide a graphical user interface to a selected group of traders for trading in the post-matching session.Type: GrantFiled: December 5, 2011Date of Patent: July 16, 2013Assignee: GFI Group, Inc.Inventor: Francesco Cicero
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Publication number: 20120284166Abstract: A method of trading a foreign currency option on an electronic trading system may include executing a trade of the foreign currency option between a buyer and a setter, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or hay additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option.Type: ApplicationFiled: May 21, 2012Publication date: November 8, 2012Applicant: GFI Group Inc.Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummings
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Publication number: 20120143743Abstract: Systems and methods for implementing post-matching trading are provided. A financial instrument transaction system may include a database configured to store financial instrument information for reference entities; a memory for storing execution instructions; and a processor. The processor may execute the instructions. The processor may initiate a trading session for a predetermined duration. Prior to and during the trading session, the processor may receive from a plurality of trader clients trading instructions associated with the reference entity. The instructions may include either a buy or sell position and a price. At the end of the trading session, the processor may determine, based on predefined criteria, whether the trading session qualifies for a post-matching session. If the trading session qualifies for a post-matching session, the processor may provide a graphical user interface to a selected group of traders for trading in the post-matching session.Type: ApplicationFiled: December 5, 2011Publication date: June 7, 2012Applicant: GFI Group Inc.Inventor: Francesco Cicero
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Patent number: 8195563Abstract: Systems and method of enabling trading in currencies are provided. A method of trading a foreign currency option on an electronic trading system according to the invention may include executing a trade of the foreign currency option between a buyer and a seller, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or buy additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option. The method may also include starting a countdown timer and displaying the timer on the graphical user interface of the buyer, the seller and the additional parties and receiving buy and sell orders from the at least one of the buyer, the seller and additional participants.Type: GrantFiled: August 10, 2011Date of Patent: June 5, 2012Assignee: GFI Group, Inc.Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins
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Publication number: 20110302074Abstract: Systems and method of enabling trading in currencies are provided. A method of trading a foreign currency option on an electronic trading system according to the invention may include executing a trade of the foreign currency option between a buyer and a seller, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or buy additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option. The method may also include starting a countdown timer and displaying the timer on the graphical user interface of the buyer, the seller and the additional parties and receiving buy and sell orders from the at least one of the buyer, the seller and additional participants.Type: ApplicationFiled: August 10, 2011Publication date: December 8, 2011Applicant: GFI Group Inc.Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins
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Patent number: 7818235Abstract: An apparatus, method and system for determining an estimate of at least one numerical attribute of at least one entity of a population when the population is changing and there are a limited number of observations on the attribute for the entities, in which a conditional index is determined to track how a value of the attribute changes from one time to another for an entity that is a member of the population at both times, and an unconditional index is determined representing an average level of the attribute for the entities of the population.Type: GrantFiled: February 14, 2003Date of Patent: October 19, 2010Assignee: GFI Group Inc.Inventors: John Campbell Hull, Alan Douglas White, Michael Gooch, Matthew Woodhams
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Publication number: 20100005134Abstract: Systems, methods and consumer-readable media for recording changes to a data store and propagating changes to client application. A method according to the invention may include categorizing data into a set of sub-records based on the frequency of change of the data. The method may also include transmitting sub-records of data having a first change frequency to a client application using a latest update process; and transmitting sub-records of data having a second change frequency to a client application using an event sequence process.Type: ApplicationFiled: July 2, 2008Publication date: January 7, 2010Applicant: GFI Group Inc.Inventors: Haim Zamir, Jerry Dobner
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Patent number: 7386497Abstract: A method and system for trading an instrument such as a financial instrument. A customer generates a request for a price and provides data concerning the instrument for which the price is sought. The price requested may be a price to buy (bid) or sell (offer) the instrument. The request is provided to a group of users via a communication network. Each user is capable of at least generating a price response to the request. The user responses are provided to the customer via the communication network. The best price response generates a first indication to the user which provides such price response. All other users which provide a price response are provided with a second indication, which is different from the first indication and which does not include the best price. At any time, the customer may accept any pending response, amend the request, or cancel the request.Type: GrantFiled: November 22, 1999Date of Patent: June 10, 2008Assignee: GFI Group, Inc.Inventor: Michael Gooch
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Publication number: 20080082439Abstract: Systems and method of enabling trading in currencies are provided. A method of trading a foreign currency option on an electronic trading system according to the invention may include executing a trade of the foreign currency option between a buyer and a seller, locking the trading system with respect to the traded foreign currency option, querying the buyer whether the buyer desires to buy or sell additional volume of the option, querying the seller whether the seller desires to sell or buy additional volume of the option, and authorizing additional participants to join the trade and querying the additional participants whether each of the additional participants desires to buy or sell a volume of the option. The method may also include starting a countdown timer and displaying the timer on the graphical user interface of the buyer, the seller and the additional parties and receiving buy and sell orders from the at least one of the buyer, the seller and additional participants.Type: ApplicationFiled: April 20, 2007Publication date: April 3, 2008Applicant: GFI GROUP INC.Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins