Patents Assigned to ITG
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Patent number: 11800650Abstract: A pin-aligned magnetic device is provided, which includes a first magnetic core body, a second magnetic core body, and a plurality of conductors. The first magnetic core body is internally disposed with a magnetic element, and the magnetic element is joined to the plurality of conductors. The second magnetic core body covers the plurality of conductors on the first magnetic core body, so that the plurality of conductors is mounted inside the magnetic device and pins thereof are exposed from two lateral sides of the magnetic device, to form a plurality of pins. The foregoing design makes room at the bottom of the magnetic device, thus facilitating space saving and utilization on a PCB board. Moreover, each pin can be in good electrical contact with the board, effectively enhancing product yield on a production line.Type: GrantFiled: March 31, 2021Date of Patent: October 24, 2023Assignee: ITG ELECTRONICS, INC.Inventors: Martin Kuo, Nanhai Zhu
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Patent number: 10679287Abstract: The present invention relates generally to electronic trading systems. More particularly, the present invention relates to systems and methods for providing, within an electronic trading process, real-time or near real-time pre- and post-trade analytics to assist traders make the decision of how to trade electronically a particular tradeable asset. Pre- and post-trade analytics can be displayed to a trader without affecting their workflow. Moreover, pre- and post-trade analytics can be used to make trading recommendations, to select or modify a trading strategy, to select and or modify trading destinations, brokers, algorithms or venues, and/or to automatically generate and transmit electronic trade orders or to effect trades.Type: GrantFiled: March 21, 2014Date of Patent: June 9, 2020Assignee: Virtu ITG Software Solutions LLCInventors: Ian Domowitz, Sabitha Arputham, Brian Kiernan, Kevin O'Connor
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Patent number: 10497504Abstract: The disclosure is related to an uncoupled multi-phase inductor that includes a primary iron core, multiple secondary iron cores, multiple metal strip coils and multiple sheet members. The primary iron core includes multiple grooves, in which multiple middle cylinders are correspondingly installed. The middle cylinders in the primary iron core, the secondary iron cores in the grooves, and the metal strip coils are assembled. The sheet members are also integrated in the assembly for forming one single device with two or more inductors. For reaching a requisite inductance, the inductors administrate air gaps among the primary iron core and the secondary iron cores by the sheet members. The multi-phase inductor shares the middle cylinder with the primary iron core as one device so as to increase power density since the space can be saved. The device integrated with the two or more inductors has an extreme low coupling coefficient.Type: GrantFiled: December 13, 2017Date of Patent: December 3, 2019Assignee: ITG ELECTRONICS, INC.Inventors: Martin Kuo, Nanhai Zhu
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Publication number: 20190325516Abstract: Systems and methods are provided for maintaining neutrality while trading a list of securities using an algorithmic trading facility coupled with at least one destination. This destination includes at least one alternative trading system (ATS). This facility is coupled, via an electronic data network, to a plurality of trading clients, and configured to receive a trade request to trade a list of securities from a trading client. This request includes user defined trading constraints that are used to generate and transmit trade orders to at least one ATS. The orders are transmitted based on trading data related to the destinations, the trade list, and the trading constraints. The facility can identify each executed trade corresponding to the trade orders and calculate a trade imbalance. The facility can determine whether the trade imbalance exceeds the trading constraints, and reallocate one or more of said submitted orders based on this determination.Type: ApplicationFiled: December 10, 2018Publication date: October 24, 2019Applicant: ITG Software Solutions, Inc.Inventors: Hitesh Mittal, Ronald Taur, Ryan Lee, Scott Kartinen
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Patent number: 10430884Abstract: A post-trade aggregation system for financial instrument trading systems, wherein a trader manages a plurality of trade orders to be executed by one or more executing brokers on behalf of customers via a data interface system. The plurality of trade orders includes at least one wrap block order and at least one institutional block order. The plurality of trade orders are merged into a single merged block order, apportioned into a plurality of smaller electronic trade orders, and transmitted to a plurality of order destinations. One or more computer systems are in electronic communication with the data interface system and with a clearing system, and configured to compress individual executions from the plurality of order destinations corresponding to the plurality of smaller electronic trade orders into a single net marked-up step-out for wrap orders and a single average-priced block for institutional orders.Type: GrantFiled: September 18, 2017Date of Patent: October 1, 2019Assignee: Virtu ITG Software Solutions LLCInventors: Ronald D. Lee, Mervin C. Newell, Scott H. Kurland, Ian P. L. Hoenisch, James B. Weiner, Gerald B. Drayer, Robert L. Sher
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Publication number: 20190295156Abstract: Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order, and executing a trade comprising said first order and said third order.Type: ApplicationFiled: November 26, 2018Publication date: September 26, 2019Applicant: ITG Software Solution, Inc.Inventors: Henri Waelbroeck, Fred J. Federspiel, John Lopez
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Publication number: 20190295167Abstract: A method and system for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trade strategy or an optimal trade strategy that minimizes transaction costs. In preferred embodiments, a server comprises one or more computers that act as an automated forecaster whereby it accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. The server is programmed with specific transaction cost estimation and optimization algorithms that model the transaction costs of a specific trade execution based on the user's trading profile and market variables.Type: ApplicationFiled: February 22, 2019Publication date: September 26, 2019Applicant: ITG Software Solutions, Inc.Inventors: Ananth Madhavan, Artem Asriev
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Publication number: 20190295166Abstract: One exemplary aspect comprises a computer-implemented method comprising: (a) electronically receiving, from a first securities market participant, data including information related to a first order and to one or more group rankings for dissemination; (b) electronically determining with one or more processors, based on data regarding a second securities market participant and the order information and group rankings, whether the second securities market participant has a second order, on the contra side of the first order, and whether, in accordance with the group rankings, the second securities market participant is qualified to receive information about the first order; and, (c) after, and only if, the second participant is determined to be qualified, transmitting information sufficient to display to the second securities market participant the information about the first order.Type: ApplicationFiled: October 23, 2018Publication date: September 26, 2019Applicant: ITG Software Solutions, Inc.Inventors: Alfred R. Berkeley, III, Marcus Hooper, Henri Waelbroeck
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Patent number: 10418166Abstract: A none-coupling dual inductor is provided, including a main iron core body having a middle bump, a plurality of subsidiary iron core bodies respectively disposed corresponding to two sides of the main iron core body, a plurality of metal sheet coils respectively disposed between the two sides of the main iron core body and the plurality of subsidiary iron core bodies, and a plurality of plate bodies respectively disposed between the main iron core body and the plurality of metal sheet coils and the plurality of subsidiary iron core bodies. The none-coupling dual inductor shares the middle bump of the main iron core body to be integrally formed so as to save space and increase power density. Even if the magnetic circuits of two inductors have a significant difference in the magnetic resistance, the none-coupling dual inductor of the present disclosure can still have a low coupling coefficient.Type: GrantFiled: June 16, 2017Date of Patent: September 17, 2019Assignee: ITG ELECTRONICS, INC.Inventors: Martin Kuo, Nanhai Zhu
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Publication number: 20190279299Abstract: A method and apparatus for outputting data that represents the change in value of an options premium that would have resulted if the options traded in a direct linear volume relationship with its underlying security is provided. Input values utilized include a delta value, a gamma value, a value-weighted average price of an underlying stock, a reference price of the underlying stock, and an original order premium value.Type: ApplicationFiled: October 9, 2018Publication date: September 12, 2019Applicant: ITG Software Solutions, Inc.Inventors: David Walter Mortimer, Scott Charles Larison
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Patent number: 10357758Abstract: A method of treating an adsorbent for a chromatographic separation. The method involves sonicating particles of an inorganic metal oxide having fragile edges in the absence of any alkylating or acylating agent to form smoothened particles of the inorganic metal oxide and washing the smoothened particles of the inorganic metal oxide to remove fine particulate matter to produce a treated adsorbent. The treated adsorbent can be used in a method of isolating a daughter radioisotope from a daughter radioisotope that is produced from the parent radioisotope by radioactive decay.Type: GrantFiled: December 7, 2012Date of Patent: July 23, 2019Assignee: BWXT ITG CANADA, INC.Inventor: Steve Oelsner
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Publication number: 20190172143Abstract: The present invention provides methods and systems for managing short-term risk to a portfolio of securities holdings while executing an outstanding trade list. The methods and systems may include steps of determining covariances between securities in the outstanding trade list and securities in the portfolio of holdings; receiving a risk variable, at least one constraint on the execution of a trade, and a proposed quantity representing a portion of said outstanding trade list desired to be executed at a particular time; and determining an immediately executable trade list based at least in part on the covariances and risk variable. The executable trade list must satisfy all of the trade constraints and also must be substantially equal to or less then the proposed quantity.Type: ApplicationFiled: February 5, 2019Publication date: June 6, 2019Applicant: ITG Software Solutions, Inc.Inventors: John Krowas, Ian Domowitz
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Patent number: 10152749Abstract: Systems and methods are provided for maintaining neutrality while trading a list of securities using an algorithmic trading facility coupled with at least one destination. This destination includes at least one alternative trading system (ATS). This facility is coupled, via an electronic data network, to a plurality of trading clients, and configured to receive a trade request to trade a list of securities from a trading client. This request includes user defined trading constraints that are used to generate and transmit trade orders to at least one ATS. The orders are transmitted based on trading data related to the destinations, the trade list, and the trading constraints. The facility can identify each executed trade corresponding to the trade orders and calculate a trade imbalance. The facility can determine whether the trade imbalance exceeds the trading constraints, and reallocate one or more of said submitted orders based on this determination.Type: GrantFiled: July 18, 2014Date of Patent: December 11, 2018Assignee: ITG SOFTWARE SOLUTIONS, INC.Inventors: Hitesh Mittal, Ronald Taur, Ryan Lee, Scott Kartinen
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Patent number: 10140656Abstract: Methods and systems for facilitating trading of securities, preferred methods comprising receiving a first buy or sell order from a first user; calculating a block price range; determining that said first order is reasonably priced; transmitting to a second user a notification that a reasonably priced order is present, but without notifying said second user of the side; receiving a second order from said second user, wherein said second order is a contra to said first order and nearly matches but does not cross said first order; transmitting a contra order notification to said second user after said second order is received, said contra order notification indicating that a nearly matching contra order is active; receiving a third order from said second user, said third order being a contra to said first order and crossing said first order; and executing a trade comprising said first order and said third order.Type: GrantFiled: January 21, 2014Date of Patent: November 27, 2018Assignee: ITG SOFTWARE SOLUTIONS, INC.Inventors: Henri Waelbroeck, Fred J. Federspiel, John Lopez
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Patent number: 10109009Abstract: One exemplary aspect comprises a computer-implemented method comprising: (a) electronically receiving, from a first securities market participant, data including information related to a first order and to one or more group rankings for dissemination; (b) electronically determining with one or more processors, based on data regarding a second securities market participant and the order information and group rankings, whether the second securities market participant has a second order, on the contra side of the first order, and whether, in accordance with the group rankings, the second securities market participant is qualified to receive information about the first order; and, (c) after, and only if, the second participant is determined to be qualified, transmitting information sufficient to display to the second securities market participant the information about the first order.Type: GrantFiled: May 20, 2014Date of Patent: October 23, 2018Assignee: ITG Software Solutions, Inc.Inventors: Alfred R. Berkeley, III, Marcus Hooper, Henri Waelbroeck
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Publication number: 20180260901Abstract: A post-trade aggregation system includes an allocation middleware interface, which interacts with data interface to allocate and settle trades. An order management system receives a trade order on behalf of a customer and causes apportionment of the trade into a plurality of smaller orders to be transmitted to a plurality of order destinations directly (e.g. via the FIX protocol). The post-trade aggregation system includes an allocation middleware interface which receives the individual trade executions from the plurality of order destination and compresses them into a single average-priced block. The allocation middleware interface then transmits the single average-priced block to be cleared by a designated clearing agent and allocates the single average-priced block into one or more custodian accounts.Type: ApplicationFiled: May 15, 2018Publication date: September 13, 2018Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Ronald D. Lee, Mervin C. Newell, Scott H. Kurland, Ian P.L. Hoenisch, James B. Weiner, Gerald B. Drayer, Robert L. Sher
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Publication number: 20180253797Abstract: A computer implemented method and system for determining fair-value prices of a futures contract of index i having foreign constituent securities includes using a computer to receive electronic data for the index i. A computer can be used to calculate alpha (?) and beta (?) coefficients using a regression analysis. The alpha (?) coefficient represents a risk-adjusted measure of return on the index i, and the beta (?) coefficient represents a metric that is related to a correlation between an overnight return of the index i and a proxy market. A computer can receive a settlement price (SETTi) for a futures contract for index i, and calculate a fair-value adjusted price for the futures contract of index i based at least in part on the alpha (?) and beta (?) coefficients, the futures contract settlement price (SETTi) for index i, and at least one return of a predetermined factor (Zi) during a stale period.Type: ApplicationFiled: May 3, 2018Publication date: September 6, 2018Applicant: ITG SOFTWARE SOLUTIONS, INC.Inventors: Nicholas Nowak, Vitaly Serbin
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Publication number: 20180225763Abstract: A system, method and computer program product are provided for forecasting the transaction costs of a trade using empirical data and user-defined modeling constraints based on real-time data regarding changes in market conditions. In preferred embodiments, the invention acts as a forecaster whereby it accepts inputs from customers and identifies real-time market analytics, and provides dynamically adjusted ex ante cost estimates and metrics for the prevailing market conditions. Specific cost estimation and optimization algorithms can be provided to model transaction costs of a specific trade based on empirical data and real-time variables.Type: ApplicationFiled: April 9, 2018Publication date: August 9, 2018Applicant: ITG Software Solutions, Inc.Inventors: Milan Borkovec, Ian Domowitz, Mahmoud El-Gamal, Hans G. Heidle, Aaron Schweiger, Konstantine Tyurin
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Publication number: 20180197237Abstract: A method and system for optimizing allocation of large block orders for a security for maximum fill rate and minimum information leakage. The invention includes a process by which a block order for a security is allocated to a number of suborders which are then submitted to various electronic trading destinations to be filled. This allocation process involves ranking the suborders on the basis of a quality measurement, calculating and assigned a liquidity expectation to each suborder, determining a maximum target execution rate for the security that will not result in market impact, assigning orders to a trade list beginning with the higher rank suborder until the sum of shares represented in the list is equal to the maximum target execution rate, allocating the suborders not assigned to the trade list, and submitting the suborders to the corresponding electronic trading destination.Type: ApplicationFiled: March 9, 2018Publication date: July 12, 2018Applicant: ITG Software Solutions, Inc.Inventors: Ken Gleason, Hitesh Mittal
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Patent number: 9978102Abstract: A post-trade aggregation system includes an allocation middleware interface, which interacts with data interface to allocate and settle trades. An order management system receives a trade order on behalf of a customer and causes apportionment of the trade into a plurality of smaller orders to be transmitted to a plurality of order destinations directly (e.g. via the FIX protocol). The post-trade aggregation system includes an allocation middleware interface which receives the individual trade executions from the plurality of order destination and compresses them into a single average-priced block. The allocation middleware interface then transmits the single average-priced block to be cleared by a designated clearing agent and allocates the single average-priced block into one or more custodian accounts.Type: GrantFiled: August 18, 2014Date of Patent: May 22, 2018Assignee: ITG SOFTWARE SOLUTIONS, INC.Inventors: Ronald D. Lee, Mervin C. Newell, Scott H. Kurland, Ian P. L. Hoenisch, James B. Weiner, Gerald B. Drayer, Robert L. Sher