Patents Examined by Rajesh Khattar
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Patent number: 7805356Abstract: A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm.Type: GrantFiled: May 1, 2006Date of Patent: September 28, 2010Assignee: Trading Technologies International, Inc.Inventors: Gerald J. O'Connor, Stephen J. Murphy
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Patent number: 7778903Abstract: According to the invention, a method for transferring funds from a payor to one or more payees using a wide area network when the transfer information is incomplete at some point is disclosed. In one step, initial transfer information for a transfer of funds from the payor to the payee is received. In another step, supplemental transfer information for the transfer of funds from the payor to the payee is received. The transfer of funds from the payor to the payee is completed using both the initial transfer information for the transfer of funds from the payor to the payee and the supplemental transfer information for the transfer of funds from the payor to the payee.Type: GrantFiled: August 5, 2005Date of Patent: August 17, 2010Assignees: First Data Corporation, The Western Union CompanyInventors: Margaret Morgan Weichert, John Joseph Mascavage, III
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System and method to minimize accounting volatility from owning equities and other investment assets
Patent number: 7774256Abstract: A system computing performance statistics for an investment fund or similar investment vehicle, computing a minimum investment performance corridor guarantee provided by an underwriter, and computing the amount of reimbursement due, if any, from an underwriter if the investment is liquidated at a point in time. Also, the system accepts hypothetical data with respect to investment performance and underwriter terms. The system then illustrates underwriter risk exposure and potential investor reimbursements under different fact combinations.Type: GrantFiled: February 27, 2003Date of Patent: August 10, 2010Inventors: Raymond B Ryan, Wendy J. Engel -
Patent number: 7769658Abstract: The present invention relates to a commission management system and method for managing soft dollar and commission recapture services over communications network. The system and method pays the invoices from the soft dollar commission account after the client views and approves invoices online.Type: GrantFiled: May 7, 2009Date of Patent: August 3, 2010Assignee: BNY ConvergEx Group, LLCInventors: Jeanne L. Murtaugh, Kevin Ruebenstahl, Paul A. Pricoli, Michael Will De Laforcade
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Patent number: 7739187Abstract: A method for determining the implied volatility of a swap option employs intuitive factors to arrive at a close approximation of volatility. The volatility curve is a convex shaped curve which more closely follows real market volatility than previous methods. The slope of the curve is provided by employing a premium model which allows for a correlation between rates and volatility. The convex shaped curve is arrived by assuming a lognormal distribution for the underlying volatility.Type: GrantFiled: May 7, 2009Date of Patent: June 15, 2010Assignee: JPMorgan Chase Bank, N.A.Inventors: Martin R. Watts, Luke Halestrap, Lionnel Pradier, Julia Chislenko, Pawel M. Lewicki, Ronald Levin
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Patent number: 7711640Abstract: An apparatus for processing a composite trading order comprises an interface operable to display a composite value representing a weighted quantity of a plurality of trading products. The apparatus further comprises a processor operable to receive at least one input representing a composite trading order, wherein the at least one input comprises a quantity that is equal to at least a portion of the weighted quantity. The at least one input is usable to generate one or more constituent trading orders that, when filled, combine to satisfy the composite trading order.Type: GrantFiled: April 5, 2006Date of Patent: May 4, 2010Assignee: BGC Partners, Inc.Inventors: Matthew W. Claus, James R. Driscoll, Gregory P. Manning, Joseph C. Noviello
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Patent number: 7711644Abstract: A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.Type: GrantFiled: April 5, 2006Date of Patent: May 4, 2010Assignee: BGC Partners, Inc.Inventors: Matthew W. Claus, James R. Driscoll, Gregory P. Manning, Joseph C. Noviello
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Patent number: 7711630Abstract: A system and method are provided for displaying information related to a plurality of tradeable objects using a single graphical interface. One example graphical interface includes at least two screen regions displayed in relation to each other, with each region including a plurality of locations. Each location in the first screen region corresponds to a value along a first value axis, and each location in the second screen region corresponds to a value along a second value axis. The graphical interface also includes a first indicator in the first region and a second indicator in the second region. In response to a repositioning command based on an algorithm, the graphical interface includes a repositioned first value axis and the second value axis, such that the indicators are displayed in new locations determined based on the algorithm.Type: GrantFiled: June 6, 2005Date of Patent: May 4, 2010Assignee: Trading Technologies International. Inc.Inventors: Gerald J. O'Connor, Stephen J. Murphy
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Patent number: 7702570Abstract: A system for providing an operator interface having a radar display comprises a memory and a processor. The memory stores trader designated requirements. The processor generates a radar display comprising a trader requirements block that corresponds to the trader designated requirements. The processor receives market data and performs the following for each trader designated requirement: determines a probability of the market data satisfying a trader designated requirement, and displays a market data circle on the radar display, where a distance between the market data circle and the trader requirements block indicates the probability.Type: GrantFiled: March 15, 2007Date of Patent: April 20, 2010Assignee: BGC Partners, Inc.Inventor: Joseph C. Noviello
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Patent number: 7702569Abstract: A system and method for visually establishing a trading strategy are described. According to one method, a trader can position a first icon corresponding to a first order and a second icon corresponding to a second order in relation to a first value axis displayed on a graphical interface. A graphical means can also be used in relation to the icons to show that the icons correspond to a trading strategy. The graphical means can include lines, numbers, or any other user-configurable graphical representation illustrating order precedence, for example.Type: GrantFiled: May 2, 2006Date of Patent: April 20, 2010Assignee: Trading Technologies International, Inc.Inventor: Alvin F. Tanpoco
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Patent number: 7702568Abstract: A system and method for visually establishing a trading strategy are described. According to one method, a trader can position a first icon corresponding to a first order and a second icon corresponding to a second order in relation to a first value axis displayed on a graphical interface. A graphical means can also be used in relation to the icons to show that the icons correspond to a trading strategy. The graphical means can include lines, numbers, or any other user-configurable graphical representation illustrating order precedence, for example.Type: GrantFiled: May 2, 2006Date of Patent: April 20, 2010Assignee: Trading Technologies International, Inc.Inventor: Alvin F. Tanpoco
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Patent number: 7693766Abstract: A financial activity network includes a central managing system connected to a plurality of participant terminals. Rules governing operation of the financial activity are stored for future reference. A participant provides investment information such as a map location for the predicted strike by the natural event and, optionally, one or more secondary parameters relating to the natural event, such as the time interval between the time of investment and the time of an event strike and/or the severity of the event strike according to an established scale. In one example, an external objective independent information source is consulted, with the external objective independent information source providing monitoring, interpretation and derived determination of parameters pertaining to the natural event. Methods and articles of manufacture are also disclosed.Type: GrantFiled: December 20, 2005Date of Patent: April 6, 2010Assignee: Weather Risk Solutions LLCInventor: Kenneth A. Horowitz
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Patent number: 7680727Abstract: Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen.Type: GrantFiled: March 11, 2008Date of Patent: March 16, 2010Assignee: Trading Technologies International, Inc.Inventors: Gary Allan Kemp, II, Joan Ebersole, Jens-Uwe Schluetter
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Patent number: 7680728Abstract: A method for a borrower to obtain and/or evaluate desired financial services is disclosed. Personal information from the borrower is obtained and recorded. The personal information includes reasons that the borrower wants to obtain the financing. Financing evaluation information based on pre-established and objective criteria used by at least one established financial institution that provides financing of the type sought by the borrower is obtained and recorded. A credit grading for the borrower is determined based on the personal information, and the financing evaluation information. The credit grading is determined by an independent entity that will not provide the financing to the borrower. The financing may be a loan, such as a mortgage loan or an auto loan or the financing may be the issuance of a credit card or a line of credit.Type: GrantFiled: May 6, 2002Date of Patent: March 16, 2010Assignee: Mortgage Grader, Inc.Inventor: Jeffrey M Lazerson
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Patent number: 7620593Abstract: A method for enabling a qualified organization to raise or borrow an amount of capital that is required for a planned project and for subsequently eliminating the obligation to repay the debt principal comprises establishing a pool of potential investors to receive an offer to purchase tax-exempt bonds of the qualified organization in order to raise the capital required by the qualified organization, offering the tax-exempt bonds to selected investors in the pool of potential investors, receiving an amount of funds from at least one selected investor to purchase the tax-exempt bonds; establishing an individual charitable remainder trust with the tax-exempt bonds of the qualified organization contributed as assets by the at least one selected investor, and specifying the qualified organization as a residual beneficiary of the charitable remainder trust.Type: GrantFiled: June 27, 2002Date of Patent: November 17, 2009Inventor: Leigh S. Fultz
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Patent number: 7546273Abstract: A method and system to evaluate residual value of leased products, comprising a learning phase and an application phase. Each phase has two steps. The first consists in analyzing lease or product main parameter while the second uses other lease conditions or product characteristics. Analysis is based on a grid wherein several specific points are determined during the learning phase. An extrapolation of these points according to the parameters during the application phase gives a first approximation of residual value, which is adjusted using lease conditions or product characteristics. During the learning phase, the system determines the relevant lease conditions or product characteristics and the associated corrections used during the application phase.Type: GrantFiled: August 28, 2002Date of Patent: June 9, 2009Assignee: International Business Machines CorporationInventors: Jean Louis Blanchard, Christelle Pavillon, Stephane Lorin, Hammou Messatfa
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Patent number: 7373327Abstract: Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen.Type: GrantFiled: May 2, 2006Date of Patent: May 13, 2008Assignee: Trading Technologies International, Inc.Inventors: Gary Allan Kemp, Joan Ebersole, Jens-Uwe Schluetter
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Patent number: 7366691Abstract: Trading software may receive trading information from an exchange. The trading software may use the trading information to compute an estimate of last traded total sweep quantity. The trading software may also display the last traded total sweep quantity on a trading screen.Type: GrantFiled: September 25, 2002Date of Patent: April 29, 2008Assignee: Trading Technologies International Inc.Inventors: Gary Allan Kemp, II, Joan Ebersole, Jens-Uwe Schluetter
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Patent number: 7333949Abstract: A digital contents providing system selects second digital content to be reproduced along with first digital content which is selected by a user, depending on the individual information of a user such as age, sex, liking, and annual income, and sequentially reproduces the two digital contents as one reproducing stream according to reproducing control information specifying an order of reproducing the data included in both the first digital content and the second digital content.Type: GrantFiled: October 23, 2001Date of Patent: February 19, 2008Assignee: Matsushita Electric Industrial Co., Ltd.Inventors: Yusuke Shimizu, Kaoru Murase
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Patent number: 7328180Abstract: A method for ranking and allocating investment assets, the method including the steps of (a) classifying assets into discrete asset classes and obtaining index values for each of the asset classes; (b) determining a performance value for each of the asset classes based on the index values for a starting time period and at least three subsequent time periods for each asset class; (c) comparing the performance value of each asset class to one another and ranking the asset classes based on their performance values; and (d) allocating the investment assets among the asset classes based on the ranking of the asset classes.Type: GrantFiled: August 23, 2002Date of Patent: February 5, 2008Inventor: Donald O. Taylor