Patents Assigned to Liquidnet Holdings, Inc.
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Patent number: 10628884Abstract: In some embodiments, the present invention provides for processing, implementing, and/or managing user-defined electronic trading plans by utilizing specifically programmed intuitive, graphical user interfaces. In some embodiments, an exemplary GUI can have a first axis representing a security price parameter and a second axis representing a time parameter define a trading plan canvas. In some embodiments, an exemplary trading plan may employ pre-defined electronic trading algorithms and/or other ancillary trading functionality represented by a plurality of shapes, variable in size and position on the trading plan canvas. In some embodiments, an exemplary computer system can receive user's inputs concerning shape type, shape size and shape position on the trading plan canvas to define a trading plan including one or more electronic trading algorithms and/or ancillary trading functionalities at selected security price and/or time parameters to execute a given trading plan for a security.Type: GrantFiled: April 15, 2015Date of Patent: April 21, 2020Assignee: Liquidnet Holdings, Inc.Inventor: Vacslav Glukhov
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Patent number: 10600121Abstract: In a method of placing a security trade order using a trading algorithm in a computerized trading system, candidate order characteristics of a candidate order are received through a first GUI, and current market characteristics are obtained. Performance and fill rate scores are forecasted for executions of the candidate order by each of a plurality of trading algorithms using a ranking model based on historical data for a plurality of orders previously-executed via one or more of the plurality of trading algorithms, the candidate order characteristics and the current market characteristics. Each of the plurality of trading algorithms are ranked for the candidate order. A highest ranked trading algorithm is selected and is displayed on a second GUI. A selection of one of the displayed highest ranked trading algorithm is received from a user, and the candidate order is placed using the selected trading algorithm.Type: GrantFiled: June 30, 2016Date of Patent: March 24, 2020Assignee: Liquidnet Holdings, Inc.Inventors: Roberto Malamut, Neerav Shah
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Patent number: 8959031Abstract: One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.Type: GrantFiled: January 10, 2013Date of Patent: February 17, 2015Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, Steve Greenblatt, John Halloran, Ilya Gutman, Kevin Lupowitz
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Publication number: 20140032389Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: ApplicationFiled: September 30, 2013Publication date: January 30, 2014Applicant: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz
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Patent number: 8548898Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: GrantFiled: September 22, 2011Date of Patent: October 1, 2013Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz
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Patent number: 8359260Abstract: One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.Type: GrantFiled: October 28, 2011Date of Patent: January 22, 2013Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, Steve Greenblatt, John Halloran, Ilya Gutman, Kevin Lupowitz
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Publication number: 20120072330Abstract: One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.Type: ApplicationFiled: October 28, 2011Publication date: March 22, 2012Applicant: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, Steven B. Greenblatt, John J. Halloran, Ilya Gutman, Kevin M. Lupowitz
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Publication number: 20120016788Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: ApplicationFiled: September 22, 2011Publication date: January 19, 2012Applicant: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz
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Patent number: 8073763Abstract: The present invention is directed to the field of securities trading. One embodiment of the present invention relates to securities trading using electronic systems. Another embodiment of the present invention relates to a computer implemented trade execution method, comprising: sending from an execution venue to each of a plurality of smart order routers a notification message; receiving at each of the smart order routers the notification message sent thereto, wherein the notification message notifies each of the smart order routers about the presence of a non-displayed priced order at the execution venue; sending from at least one of the smart order routers to the execution venue at least one order to execute against the non-displayed priced order; receiving at the execution venue each order sent from each of the smart order routers; and executing at least one order received from at least one of the smart order routers against the non-displayed priced order.Type: GrantFiled: September 20, 2006Date of Patent: December 6, 2011Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, Steven B. Greenblatt, John J. Halloran, Ilya Gutman, Kevin M. Lupowitz
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Patent number: 8055576Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: GrantFiled: November 4, 2010Date of Patent: November 8, 2011Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz
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Patent number: 7831507Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: GrantFiled: June 10, 2010Date of Patent: November 9, 2010Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz
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Patent number: 7747515Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.Type: GrantFiled: November 3, 2006Date of Patent: June 29, 2010Assignee: Liquidnet Holdings, Inc.Inventors: Seth I. Merrin, John Halloran, Demian Kosofsky, Kevin Lupowitz