Patents Examined by Asha Puttaiah
  • Patent number: 11875399
    Abstract: Systems and methods for providing a separate interest rate for an individual transaction are disclosed. A system may provide a service associated with a account having an account balance and an associated first interest rate. The system may include a service device having one or more memory devices storing instructions and one or more processors configured to execute the instructions to perform a separate interest rate service process. The process may include providing a separate interest rate service offer to a client device and receiving a separate interest rate selection from the client device. The process may also include determining a selected portion of the account balance corresponding to an amount to which a second interest rate, different from the first interest rate, is to be applied based on the separate interest rate selection.
    Type: Grant
    Filed: March 7, 2023
    Date of Patent: January 16, 2024
    Assignee: Capital One Services, LLC
    Inventors: Marcie Apelt, Megan Edds, Keith Barron, Ashley Gibbs, Matthew Vischulis, Carl Ashby, Baining Hu, Yi Liu, David Schardt
  • Patent number: 11854083
    Abstract: Systems and methods for creating indicators to quantify and index financial market liquidity risk that is marked wide among a broad set of securities or asset classes or portfolio specific relative to an individual investor's portfolio holdings. A liquidity risk index can be created as a counterpart to any well-known market index, such as the Dow Jones Industrial Average® or the S&P 500® index. The present disclosure relates to risk management in financial markets and in particular to systems and methods for quantifying and indexing liquidity risk such that these indices can serve as underlying assets for futures, options, or other financial instruments that investors would use to hedge against the liquidity risk.
    Type: Grant
    Filed: October 7, 2022
    Date of Patent: December 26, 2023
    Assignee: Economic Alchemy Inc.
    Inventors: Giselle Claudette Guzman, Lawrence Klein
  • Patent number: 11823270
    Abstract: Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide a design canvas area and blocks for designing an algorithm. Certain embodiments provide for grouping blocks placed in the design canvas area. Certain embodiments provide for virtualized group blocks enabling dynamic instantiation of portions of an algorithm to handle particular discrete events. Certain embodiments provide for operation of some or all portions of an algorithm when a connection between a client device and an algorithm server is broken.
    Type: Grant
    Filed: December 23, 2022
    Date of Patent: November 21, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Richard Lane, Michael Unetich, Daniel Lidor, Nathan Edwards
  • Patent number: 11769205
    Abstract: A system and methods for controlled market data delivery are described. According to one example embodiment, upon detecting a preset threshold of updates in a queue at a gateway, a predetermined number of market updates may be processed before any data is sent to a client terminal. According to one method, update types may be used to control how many updates are processed before any data is sent. Also, once the number of updates to be processed is set, a market update having a higher priority update type may be used to trigger a change in the number of market updates that was set for processing.
    Type: Grant
    Filed: December 23, 2022
    Date of Patent: September 26, 2023
    Assignee: Trading Technologies International, Inc.
    Inventor: Robert A. West
  • Patent number: 11756122
    Abstract: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.
    Type: Grant
    Filed: December 9, 2022
    Date of Patent: September 12, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy P. Mintz, Alexander D. Deitz
  • Patent number: 11741513
    Abstract: In an electronic supply chain finance system, a method of enabling a supplier to obtain funds includes receiving information from a buyer defining a payment obligation, receiving an offer to sell the payment obligation, and creating an electronic negotiable instrument on behalf of the buyer as obligor, to the supplier as payee, having a payable date based on a maturity date of the payment obligation and a payment value based on a payment amount of the payment obligation.
    Type: Grant
    Filed: October 17, 2022
    Date of Patent: August 29, 2023
    Assignee: PrimeRevenue, Inc.
    Inventor: David W. Quillian
  • Patent number: 11651438
    Abstract: Methods, computer-readable media, systems and apparatuses for determining and implementing risk unit based insurance policies are presented. A user may receive a plurality of risk units associated with an insurance policy. The risk units may be stored in a risk unit account associated with the user, the vehicle, etc. During operation of the vehicle, sensor data may be received. The sensor data may provide information associated with driving behaviors of the user, environmental conditions in which the vehicle is being operated, and the like. A consumption rate of the risk units may be determined based, at least in part, on the received sensor data. If a number of risk units in a risk unit account is below a predetermined threshold, a notification may be transmitted to the user and/or a predetermined number of risk units may be automatically added to the risk unit account.
    Type: Grant
    Filed: July 29, 2020
    Date of Patent: May 16, 2023
    Inventors: Edward A. Biemer, Grady Irey, Caryl M. Styrsky
  • Patent number: 11640638
    Abstract: An application is disclosed that receives from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, may determine whether the executed trade belongs in an aggregated set with one or more other executed trades. The application provides an indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.
    Type: Grant
    Filed: June 9, 2021
    Date of Patent: May 2, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Richard Lane, Michael Unetich
  • Patent number: 11625773
    Abstract: Systems and methods for providing a separate interest rate for an individual transaction are disclosed. A system may provide a service associated with a account having an account balance and an associated first interest rate. The system may include a service device having one or more memory devices storing instructions and one or more processors configured to execute the instructions to perform a separate interest rate service process. The process may include providing a separate interest rate service offer to a client device and receiving a separate interest rate selection from the client device. The process may also include determining a selected portion of the account balance corresponding to an amount to which a second interest rate, different from the first interest rate, is to be applied based on the separate interest rate selection.
    Type: Grant
    Filed: April 12, 2021
    Date of Patent: April 11, 2023
    Assignee: Capital One Services, LLC
    Inventors: Marcie Apelt, Megan Edds, Keith Barron, Ashley Gibbs, Matthew Vischulis, Carl Ashby, Baining Hu, Yi Liu, David Schardt
  • Patent number: 11610258
    Abstract: A computer of an auction system presents vehicle body quality information indicating a quality of a vehicle body excluding a battery of an electric vehicle and battery quality information, and receives an electric vehicle bid price, a vehicle body bid price, and a battery bid price. When a total of the vehicle body bid price and the battery bid price exceeds the electric vehicle bid price, the computer determines a battery purchase applicant who presents the battery bid price as a winning bidder of the battery, and a vehicle body purchase applicant who presents the vehicle body bid price as a winning bidder of the vehicle body. When the total is lower than the electric vehicle bid price, the computer determines an electric vehicle purchase applicant who presents the electric vehicle bid price as a winning bidder of the electric vehicle.
    Type: Grant
    Filed: August 13, 2021
    Date of Patent: March 21, 2023
    Assignee: TOYOTA JIDOSHA KABUSHIKI KAISHA
    Inventors: Masashi Takahashi, Makoto Kakuchi, Yoichi Onishi, Kenji Kimura, Masakazu Habu
  • Patent number: 11593879
    Abstract: A system and method is provided for administering an actively managed fund having shares tradable on an exchange, to support efficient secondary market trading. A Fund Module defines an actively managed ETF. A Portfolio Module tracks a portfolio held by the ETF while maintaining confidentiality of at least a portion thereof. A Basket Module publishes Creation and Redemption Baskets including a subset of the fund portfolio. A Current Valuation Module calculates a current Intraday NAV for the portfolio and Baskets throughout a trading day. A Swap Module provides for periodic entry and exit from NAV Swaps between an ETF Party and Swap Counterparties, who exchange payments based on performance of the fund portfolio and the Fund Basket. A Creation/Redemption Module permits creations and redemptions of ETF shares in exchange for the Fund Basket. Arbitrage is permitted between ETF share price and Intraday NAV without full portfolio disclosure.
    Type: Grant
    Filed: June 1, 2021
    Date of Patent: February 28, 2023
    Assignee: Eaton Vance Management
    Inventor: Thomas E. Faust, Jr.
  • Patent number: 11568491
    Abstract: Certain embodiments reduce the risks of traditionally programmed algorithms such as syntax errors, unclear logic, and the need for a non-trader programmer to develop the algorithm as specified by a trader by reducing or eliminating the writing of programming code by a user. Certain embodiments provide a design canvas area and blocks for designing an algorithm. Certain embodiments provide for grouping blocks placed in the design canvas area. Certain embodiments provide for virtualized group blocks enabling dynamic instantiation of portions of an algorithm to handle particular discrete events. Certain embodiments provide for operation of some or all portions of an algorithm when a connection between a client device and an algorithm server is broken.
    Type: Grant
    Filed: January 14, 2022
    Date of Patent: January 31, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Richard Lane, Michael Unetich, Daniel Lidor, Nathan Edwards
  • Patent number: 11568487
    Abstract: A system and methods for controlled market data delivery are described. According to one example embodiment, upon detecting a preset threshold of updates in a queue at a gateway, a predetermined number of market updates may be processed before any data is sent to a client terminal. According to one method, update types may be used to control how many updates are processed before any data is sent. Also, once the number of updates to be processed is set, a market update having a higher priority update type may be used to trigger a change in the number of market updates that was set for processing.
    Type: Grant
    Filed: December 16, 2020
    Date of Patent: January 31, 2023
    Assignee: Trading Technologies International, Inc.
    Inventor: Robert A. West
  • Patent number: 11556990
    Abstract: In accordance with the principles of the present invention a non-biased, computer-implemented financial instrument electronic trading system and electronic central clearinghouse are provided. The electronic trading system and electronic central clearinghouse operate to provide electronic trading of financial instruments that are non-biased in that the electronic trading system and electronic clearing house address at least one of two effects that result from the difference between variation margin on a cleared financial instrument and collateral posted on an uncleared financial instrument, the first effect being a systematic advantage of being short the financial instrument when there is a correlation between the value of the financial instrument and interest rates, referred to as a convexity bias, and the second effect being a distortion in the financial instrument when an underlying asset value of the financial instrument changes, referred to as a net present value (NPV) effect.
    Type: Grant
    Filed: January 6, 2022
    Date of Patent: January 17, 2023
    Assignee: Eris Innovations, LLC
    Inventors: Donald R. Wilson, Jr., Yuhua Yu
  • Patent number: 11551297
    Abstract: A system and method are provided that, among other things, can reduce the burden on receiving computers, increase data throughput, reduce system failure, and provide components of a scalable and flexible network architecture. Specifically, the system and method provide a multichannel-multicast network environment for use in dynamically assigning data to channels. This configuration is particularly useful in a trading network environment, as it effectively performs channel reassignments in a way not to disturb the receipt of the underlying data. While the example embodiments described herein pertain to electronic trading, the principles of the present invention may be equally applied in other environments where the advantages presented herein are beneficial.
    Type: Grant
    Filed: April 30, 2020
    Date of Patent: January 10, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy P. Mintz, Alexander D. Deitz
  • Patent number: 11551305
    Abstract: Systems and methods for creating indicators to quantify and index financial market liquidity risk that is market-wide among a broad set of securities or asset classes or portfolio specific relative to an individual investor's portfolio holdings. A liquidity risk index can be created as a counterpart to any well-known market index, such as the Dow Jones Industrial Average® or the S&P 500® index. The present disclosure relates to risk management in financial markets, and in particular to systems and methods for quantifying and indexing liquidity risk such that these indices can serve as underlying assets for futures, options, or other financial instruments that investors would use to hedge against the liquidity risk.
    Type: Grant
    Filed: June 23, 2020
    Date of Patent: January 10, 2023
    Assignee: Economic Alchemy Inc.
    Inventors: Giselle Claudette Guzman, Lawrence Klein
  • Patent number: 11481784
    Abstract: A system and method are disclosed in which a user engaging in an online or in-person transaction with a merchant may create automatic expiring transactions for a credit card. The user provides the credit card information to an online interface or a point-of-sale device but specifies an expiration date that is on or before the actual expiration date of the credit card, known as an artificial expiration date. A token for the merchant is generated with the artificial expiration date. The issuing bank will honor the transaction with the artificial expiration date using the merchant-specific token, and the token may continue to be used with the online merchant until the artificial expiration date.
    Type: Grant
    Filed: November 8, 2019
    Date of Patent: October 25, 2022
    Assignee: Capital One Services, LLC
    Inventors: Austin Grant Walters, Jeremy Edward Goodsitt, Fardin Abdi Taghi Abad
  • Patent number: 11475492
    Abstract: In an electronic supply chain finance system, a method of enabling a supplier to obtain funds includes receiving information from a buyer defining a payment obligation, receiving an offer to sell the payment obligation, and creating an electronic negotiable instrument on behalf of the buyer as obligor, to the supplier as payee, having a payable date based on a maturity date of the payment obligation and a payment value based on a payment amount of the payment obligation.
    Type: Grant
    Filed: March 16, 2020
    Date of Patent: October 18, 2022
    Assignee: PrimeRevenue, Inc.
    Inventor: David W. Quillian
  • Patent number: 11354661
    Abstract: Various methods, apparatuses, and media for processing a transaction are provided. A request to process the transaction is received. A plurality of pieces of transaction data is identified from the request. A contract provider that is configured to process the transaction is determined based on at least a first piece of the transaction data. A contract is loaded based on the contract provider. The contract includes at least one mono-service. The contract, including the at least one mono-service, is executed. Each of the at least one mono-service is a function literal that includes a defined input and output. The input includes at least one of the plurality of pieces of transaction data. The at least one mono-service is configured to return a result of the processing of the transaction.
    Type: Grant
    Filed: January 22, 2019
    Date of Patent: June 7, 2022
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Jason Carlyle, Nicholas P. Stumpos, Jaspreet Singh Sethi
  • Patent number: 11321697
    Abstract: A method implemented by one or more computer servers associated with a financial services platform includes receiving a request to provision a secondary user account for financial capabilities through sponsorship by a primary user account. The secondary user account can be provisioned only upon creation of the primary user account. In response to receiving a confirmation to provision the secondary user account, the method includes provisioning the primary user account and then the secondary user account. The method includes generating a credit account for the primary and secondary user accounts, and generating a deposit account for the primary user account. The primary user owns the deposit account, which holds funds to secure repayment of balances of the credit accounts. The method includes generating one virtual spending card for each of the credit accounts, in which the virtual spending cards service transactions with respect to the primary and secondary user accounts.
    Type: Grant
    Filed: December 17, 2021
    Date of Patent: May 3, 2022
    Assignee: Step Mobile, Inc.
    Inventors: CJ MacDonald, George Bowen