Patents Assigned to GFI Group, Inc.
  • Patent number: 12094003
    Abstract: 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: Grant
    Filed: July 21, 2023
    Date of Patent: September 17, 2024
    Assignee: GFI GROUP, INC.
    Inventors: Michael Gooch, Michael Everaert
  • Patent number: 11875403
    Abstract: 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: Grant
    Filed: November 8, 2021
    Date of Patent: January 16, 2024
    Assignee: GFI Group, Inc.
    Inventors: Francesco Cicero, Simon Prest
  • Patent number: 11823263
    Abstract: 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: Grant
    Filed: November 6, 2020
    Date of Patent: November 21, 2023
    Assignee: GFI GROUP, INC.
    Inventors: Michael Gooch, Michael Everaert
  • Patent number: 10832321
    Abstract: 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: Grant
    Filed: December 13, 2004
    Date of Patent: November 10, 2020
    Assignee: GFI GROUP, INC.
    Inventors: Michael Gooch, Michael Everaert
  • Patent number: 8626637
    Abstract: 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: Grant
    Filed: May 23, 2007
    Date of Patent: January 7, 2014
    Assignee: GFI Group, Inc.
    Inventors: Michael Gooch, Michel Everaert, Francesco Cicero, Manju Chandanani, Ethan Lee, Razvan Chiroiu
  • Patent number: 8498926
    Abstract: 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: Grant
    Filed: May 21, 2012
    Date of Patent: July 30, 2013
    Assignee: GFI Group, Inc.
    Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins
  • Patent number: 8489495
    Abstract: 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: Grant
    Filed: December 5, 2011
    Date of Patent: July 16, 2013
    Assignee: GFI Group, Inc.
    Inventor: Francesco Cicero
  • Patent number: 8195563
    Abstract: 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: Grant
    Filed: August 10, 2011
    Date of Patent: June 5, 2012
    Assignee: GFI Group, Inc.
    Inventors: Michel Remy Everaert, Francesco Cicero, Alexander Kiss, Brian Cummins
  • Patent number: 7386497
    Abstract: 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: Grant
    Filed: November 22, 1999
    Date of Patent: June 10, 2008
    Assignee: GFI Group, Inc.
    Inventor: Michael Gooch