Patents by Inventor A. W. Farrell
A. W. Farrell has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20230072217Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.Type: ApplicationFiled: November 14, 2022Publication date: March 9, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
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Patent number: 11526939Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.Type: GrantFiled: January 7, 2019Date of Patent: December 13, 2022Assignee: Chicago Mercantile Exchange Inc.Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
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Publication number: 20220253936Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: ApplicationFiled: April 19, 2022Publication date: August 11, 2022Applicant: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Patent number: 11348173Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: GrantFiled: March 13, 2020Date of Patent: May 31, 2022Assignee: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Patent number: 10719874Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: GrantFiled: April 21, 2010Date of Patent: July 21, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Lori Flemm, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Publication number: 20200219192Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: ApplicationFiled: March 13, 2020Publication date: July 9, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Patent number: 10628883Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: GrantFiled: November 17, 2006Date of Patent: April 21, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Lori Flemm, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Publication number: 20190139140Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.Type: ApplicationFiled: January 7, 2019Publication date: May 9, 2019Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
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Patent number: 10217165Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.Type: GrantFiled: January 22, 2018Date of Patent: February 26, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Scott Johnston, John Falck, Charlie Troxel, Jr., James W. Farrell, Agnes Shanthi Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
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Patent number: 10204377Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.Type: GrantFiled: June 27, 2012Date of Patent: February 12, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry L. Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
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Publication number: 20180144405Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.Type: ApplicationFiled: January 22, 2018Publication date: May 24, 2018Inventors: Scott Johnston, John Falck, Charlie Troxel, JR., James W. Farrell, Agnes Shanthi Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
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Patent number: 9911157Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.Type: GrantFiled: July 2, 2009Date of Patent: March 6, 2018Assignee: Chicago Mercantile Exchange Inc.Inventors: Scott Johnston, John Falck, Charlie Troxel, Jr., James W. Farrell, Shanthi Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
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Publication number: 20170193603Abstract: A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. Conditional orders submitted to a trading engine are evaluated to compare a price of an order to a predetermined price range. Matching of the orders may be delayed when the price of the orders lies outside of the predetermined price range. An opening price to be used by the trading engine is derived and a time interval is used to delay a matching of the orders until the opening price is within a predetermined price range up to a maximum delay time set by a control center. Implied spreads are also removed until other instruments within a trading unit are verified open.Type: ApplicationFiled: March 22, 2017Publication date: July 6, 2017Inventors: James W. Farrell, James Krause
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Patent number: 9125288Abstract: For ion-mode plasma containment, a toroidal vacuum vessel (322) has a major radius (208) and a minor radius (212). The toroidal vacuum vessel (322) is filled with a gas (391) having an initial particle density. An ionizing device (341) ionizes the gas (391) into a plasma (400). A transformer inductively (326) drives a toroidal particle current (332) comprising an ion current and an electron current about a toroidal axis. The toroidal particle current (322) heats the plasma (400) and generates a poloidal magnetic field (373). Field coils (414) wound poloidally about the toroidal vacuum vessel (322) generate a toroidal magnetic field (371). The toroidal magnetic field (371) at a wall of the toroidal vacuum vessel (322) is adjusted to satisfy a boundary condition for a minimum-energy. The plasma (400) is contained by the radial electric field, the poloidal magnetic field (373), and the toroidal magnetic field (371) within the toroidal vacuum vessel (322) in the minimum-energy state.Type: GrantFiled: November 8, 2011Date of Patent: September 1, 2015Assignee: Utah State UniversityInventors: W. Farrell Edwards, Eric D. Held, Ajay K. Singh
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Patent number: 8972428Abstract: Systems and methods are provided for providing an answer to a question left unanswered in an electronic discussion forum. In some embodiments, a question that has not been answered may be identified in a first discussion forum. A second discussion forum in which to present the question may be determined, where the second discussion forum is more likely than the first discussion forum to result in an answer to the question. The question may then be presented in the second discussion forum, and one or more responses to the question may be received in the second discussion forum. It may then be determined whether one of the one or more responses includes a good answer to the question, and when the determination is that one of the one or more responses includes a good answer, the good answer may be presented in the first discussion forum.Type: GrantFiled: September 14, 2012Date of Patent: March 3, 2015Assignee: Amazon Technologies, Inc.Inventors: Russell A. Dicker, Brandon W. Farrell, Joseph King, James G. Robinson
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Patent number: 8952557Abstract: A forced-air electric generator apparatus includes a housing positioned to receive forced-air flow from a forced-air device. A bladed rotor carried by the housing is in fluid communication with the forced air flow. A clutch engages the bladed rotor to drive a generator to produce a generated voltage when the bladed rotor is rotating above a threshold rotational velocity.Type: GrantFiled: February 22, 2010Date of Patent: February 10, 2015Inventor: Thomas W. Farrell
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Publication number: 20150026033Abstract: Protections against self-matching trade orders are disclosed which maximize liquidity/efficiency by reducing/minimizing unnecessary cancelations and/or resubmissions. Rather than automatically cancel or modify the incoming and/or self-matching counter orders, those resting counter orders, which would result in the occurrence of a self-match with an incoming order, are placed in a hold state or otherwise set aside such that the incoming order may be matched with other non-self-matching orders. The held orders are subsequently returned to the order book at the same, or different, priority to await a subsequent incoming order.Type: ApplicationFiled: October 3, 2014Publication date: January 22, 2015Inventors: John Curran, Akira Yamaguchi, Brian Wolf, Pearce Peck-Walden, James Wilcox, James Bailey, Neil Lustyk, Katherine Patrick, Paul A. Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Publication number: 20140324668Abstract: The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses.Type: ApplicationFiled: July 14, 2014Publication date: October 30, 2014Inventors: Ari Studnitzer, Pearce Peck-Walden, James W. Farrell, Paul J. Callaway, Barry L. Galster
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Publication number: 20140244472Abstract: A system can include a first computer hardware means for identifying a first available order book for a first available product listed on an exchange and a second available order book for a second available product listed on the exchange, the first available product comprising a first component and the second available product comprising a second component, the first and the second components being part of a new product. The system can also include a second computer hardware means for generating a new order book for the new product based on the first and second available products. The system can also include a third computer hardware means for causing the new product to be listed on the exchange such that subsequently received orders to buy or sell the new product are matched based on the new order book or entered into the new order book.Type: ApplicationFiled: March 3, 2014Publication date: August 28, 2014Applicant: CHICAGO MERCANTILE EXCHANGEInventors: Paul A. Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, Agnes Shanthi Thiruthuvadoss
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Patent number: 8789899Abstract: A merchandiser rack comprising a rear storage module having a storage area including at least one shelf and at least two display modules. The display modules have shelves, with at least a portion of the rear of the display modules having shelves being open to allow stocking of the shelves from the rear. The display modules are pivotally connected to the rear storage module to allow the display modules to be rotated relative to the rear storage module between an open position and a closed position. The open position allows access to the rear of the display modules. The merchandiser rack, when in the closed position, has an outside periphery, and the display modules are not accessible through the rear of the display modules from the outside periphery along any horizontal line.Type: GrantFiled: January 24, 2008Date of Patent: July 29, 2014Assignee: Eveready Battery Company, Inc.Inventors: Jeffrey P. Pirro, Matthew W. Farrell, Kevin C. Joyce, Jamie A. Zettlmeier