Patents Assigned to The NASDAQ OMX Group, Inc.
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Patent number: 7778842Abstract: A system dynamically displays graphic identifier information, such as corporate logos, and value information for financial instruments, such as recent trade information, on a video wall having several monitors arranged to form a larger display. The system has input ports to receive feeds with identifiers and corresponding values of financial instruments, a filter to extract the identifiers and corresponding values of the financial instruments, a memory to store the extracted information and a table associating the financial instrument identifiers with graphic symbols, and processors to form a display signal with the graphic symbols and values.Type: GrantFiled: December 15, 2005Date of Patent: August 17, 2010Assignee: The NASDAQ OMX Group, Inc.Inventors: Thomas Apple, Paul Noble, John Footen, Andrew Klein
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Patent number: 7778917Abstract: Techniques are described for securitizing, administrating and trading various index shares securitized by derivative, cash-settled instruments on the underlying index. In some examples, the tradable index shares are backed by a fractional interest in a plurality of derivative financial instruments and an amount of cash about equal to a strike price for one of the plurality of financial instruments to secure the tradable index receipt.Type: GrantFiled: October 27, 2006Date of Patent: August 17, 2010Assignee: The NASDAQ OMX Group, Inc.Inventor: Steven M. Bloom
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Patent number: 7769674Abstract: Techniques are described for securitizing, administrating and trading various index shares securitized by derivative, cash-settled instruments on the underlying index. In some aspects, a method includes determining in a computer system, a value for a tradable index share that tracks increases in a value of an index. The tradable index share is backed by a fractional interest in a creation unit that includes a long index futures contract and one of a long put index options contract and a long put index futures options contract. The long, put index options contract has a strike price that is the same as a mark price of the long index futures contract and each having the same expiration date.Type: GrantFiled: October 27, 2006Date of Patent: August 3, 2010Assignee: The NASDAQ OMX Group, Inc.Inventor: Steven M. Bloom
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Patent number: 7747514Abstract: A computer implemented method includes determining a value for a tradable index share that tracks performance of an index. The tradable index share is backed by a fractional interest in a creation unit that includes a long call index option contract and a short put index options contract. The long call index options contract and the short index put options contract have the same initial strike price and the same expiration date.Type: GrantFiled: October 27, 2006Date of Patent: June 29, 2010Assignee: The Nasdaq OMX Group, Inc.Inventor: Steven M. Bloom
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Patent number: 7747506Abstract: An indicator signal monitoring process receives the sequential transmission of an indicator signal that is repeatedly broadcast by a primary intended recipient of attributable security interest messages. A recipient offline determination process determines that the primary intended recipient is offline whenever the indicator signal is not received for a defined failure period.Type: GrantFiled: November 21, 2002Date of Patent: June 29, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Keith Alexander, Paul Buu, Edward N. Flynn, Roberta Gail, David Gallucci, Jay Thompson
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Patent number: 7742969Abstract: A market indicator process, residing on a server, predicts an opening index price of a security index including at least two discrete securities. A trade monitoring process monitors at least a portion of the trading of the discrete securities that occur outside of a regular trading session. A closing price variation calculation process, responsive to the trade monitoring process, calculates the predicated opening index price of the security index for the beginning of the next regular trading session with respect to a closing index price of the security index at the end of the previous regular trading session. The index prices are indicative of the cumulative value of the discrete securities.Type: GrantFiled: August 29, 2001Date of Patent: June 22, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: William Teague, John Delta, Donald H. Bosic
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Patent number: 7698193Abstract: A method for determining a closing price of a security traded in an electronic market includes receiving a trade price of an executed trade of the security wherein the executed trade is executed during a trading session of the electronic market, comparing the received trade price to a market parameter of the security to determine the closing price of the security, and reporting the determined closing price of the security to a user.Type: GrantFiled: May 12, 2003Date of Patent: April 13, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Thomas J. Davin, III, James T. Platts, James M. Lastoskie, Timothy E. Cox, Michael E. Edleson
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Patent number: 7680725Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: July 20, 2007Date of Patent: March 16, 2010Assignee: The NASDAQ OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7660759Abstract: A trade filtering process for preventing the processing of suspect trades includes a trade monitoring process for monitoring a trade price associated with each trade of a specific stock during a trading session. A trade comparison process, responsive to the trade monitoring process, compares the trade price of each trade of a specific stock to a known acceptable price for that specific stock to determine which trades are suspect trades. A suspect trade filtering process, responsive to the trade comparison process, prevents the processing of the suspect trades.Type: GrantFiled: April 24, 2001Date of Patent: February 9, 2010Assignee: The NASDAQ OMX Group, Inc.Inventors: John Delta, Donald Bosic
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Patent number: 7647264Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: GrantFiled: April 28, 2004Date of Patent: January 12, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan Barnard Franks, Adam Seth Nunes, Oliver Albers
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Patent number: 7599875Abstract: A system for securities quotes is described. The system and allows posting of a bid and offer price for a security for a proprietary account. The system use a unique market maker identifier for a market maker proprietary account. In response to a customer order, a bid and/or offer price of the customer is posted for the security for an agency account, using a unique market maker agency identifier for an agency account. The quotes are sent to a server that disseminates the proprietary and agency quotes with other quotes for the same security from other market makers.Type: GrantFiled: December 10, 1998Date of Patent: October 6, 2009Assignee: The Nasdaq OMX Group, Inc.Inventors: Richard G. Ketchum, Alfred R. Berkeley, III, Joseph Della Rosa
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Publication number: 20090228808Abstract: Techniques are described for initiating a video conferencing and a desktop sharing session are described. The techniques include sending an invitation to participants of the video conferencing and a desktop sharing session and communicating market information among participants of the video conferencing and desktop sharing session.Type: ApplicationFiled: March 5, 2008Publication date: September 10, 2009Applicant: THE NASDAQ OMX GROUP, INC.Inventors: Michael A. MacDonald, Robert Greifeld, Chris Concannon
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Patent number: 7587346Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: January 7, 2002Date of Patent: September 8, 2009Assignee: The Nasdaq OMX Group, Inc.Inventor: John F. Malitzis
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Patent number: 7523062Abstract: A securities processor includes a prematching process for validating an attributable security interest message placed by a market participant on a securities trading system This attributable security interest message relates to an individual security chosen from a plurality of securities traded on the securities trading system. A matching queue receives the validated attributable security interest message from the prematching process, and queues it for subsequent matching. A matching process obtains the validated attributable security interest message from the matching queue and compares it with previously-validated attributable security interest messages to determine if a match occurs between the validated attributable security interest message and one of the previously-validated attributable security interest messages.Type: GrantFiled: July 25, 2002Date of Patent: April 21, 2009Assignee: The Nasdaq OMX Group, Inc.Inventors: Daniel F. Moore, John T. Hughes, Jr., Fred Steining, Stuart Richard Serkin, Timothy Vincent
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Publication number: 20080294627Abstract: Methods, systems, and computer program products for recruiting candidates for a position on a board are described. In a computer system, a degree of matching between a profile of a candidate and a profile of the board is determined, and the candidate is introduced to the board after establishing a mutual interest between the candidate and the board based on the determined degree of match.Type: ApplicationFiled: April 23, 2008Publication date: November 27, 2008Applicant: THE NASDAQ OMX GROUP, INC.Inventor: Daniel Wadsworth
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Patent number: 7406447Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: GrantFiled: January 14, 2002Date of Patent: July 29, 2008Assignee: The NASDAQ OMX Group, Inc.Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, Timothy Vincent, John Hughes, Peter Martyn
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Patent number: 7406444Abstract: A method for trading a security in an electronic market includes entering an order at a client station for executing against any market participant that can at least in part satisfy the order, determining a threshold for executing the entered order based on an inside price of the security in the electronic market, matching a portion of the entered order at a server system against interest in the market that does not exceed the determined threshold, and returning any unmatched portion of the entered order that can not be matched by the interest in the market without exceeding the determined threshold.Type: GrantFiled: October 8, 2002Date of Patent: July 29, 2008Assignee: The NASDAQ OMX Group, Inc.Inventors: Yek Kwong Eng, Michael Edleson, Daniel F. Moore, John T. Hughes, Jr., Christopher Folkemer