Patents by Inventor Alexander D. Deitz
Alexander D. Deitz 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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Patent number: 8510212Abstract: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.Type: GrantFiled: July 19, 2012Date of Patent: August 13, 2013Assignee: Trading Technologies International, Inc.Inventors: Nicholas Kontos, Sagy P. Mintz, Alexander D. Deitz
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Patent number: 8433646Abstract: 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: GrantFiled: September 27, 2012Date of Patent: April 30, 2013Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Alexander D. Deitz
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Publication number: 20120330818Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.Type: ApplicationFiled: September 7, 2012Publication date: December 27, 2012Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Alexander D. Deitz, Sagy P. Mintz
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Patent number: 8326721Abstract: 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: GrantFiled: March 6, 2012Date of Patent: December 4, 2012Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Alexander D. Deitz
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Publication number: 20120296803Abstract: A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well.Type: ApplicationFiled: July 31, 2012Publication date: November 22, 2012Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Michael J. Burns, Sagy P. Mintz, Eric M. Herz, Alexander D. Deitz
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Publication number: 20120284170Abstract: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.Type: ApplicationFiled: July 19, 2012Publication date: November 8, 2012Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Nicholas Kontos, Sagy P. Mintz, Alexander D. Deitz
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Publication number: 20120284168Abstract: Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality.Type: ApplicationFiled: July 19, 2012Publication date: November 8, 2012Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Sagy Pundak Mintz, Michael J. Burns, Alexander D. Deitz
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Patent number: 8290851Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.Type: GrantFiled: July 27, 2010Date of Patent: October 16, 2012Assignee: Trading Technologies International, Inc.Inventors: Alexander D. Deitz, Sagy P. Mintz
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Patent number: 8249977Abstract: System and method for aggressively trading a spread trading strategy in an electronic environment are provided herein. According to the example embodiments, a trader may configure the automated trading tool to trade as aggressively as possible by leaning on a price without an associated quantity. This allows a trader to possibly obtain a more profitable price as well as get filled faster. Traders submit an order for a spread and the automated trading tool calculates the quote order price based on a defined level of aggressiveness, the leaned on price, and the desired spread price. Based on the level of defined aggressiveness and the gap in the market, the automated trading tool may lean on a mildly, moderately, or extremely aggressive price.Type: GrantFiled: May 28, 2008Date of Patent: August 21, 2012Assignee: Trading Technologies International, Inc.Inventors: Nicholas Kontos, Sagy P. Mintz, Alexander D. Deitz
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Patent number: 8249980Abstract: Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality.Type: GrantFiled: June 24, 2010Date of Patent: August 21, 2012Assignee: Trading Technologies International, Inc.Inventors: Sagy Pundak Mintz, Michael J. Burns, Alexander D. Deitz
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Patent number: 8234198Abstract: 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: GrantFiled: September 12, 2011Date of Patent: July 31, 2012Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Alexander D. Deitz
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Publication number: 20120173400Abstract: 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: ApplicationFiled: March 6, 2012Publication date: July 5, 2012Inventors: Alexander D. Deitz, Sagy P. Mintz
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Publication number: 20120005057Abstract: 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: ApplicationFiled: September 12, 2011Publication date: January 5, 2012Inventors: Alexander D. Deitz, Sagy P. Mintz
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Publication number: 20110320334Abstract: Certain embodiments of the present inventions provide implied order quality. The quality may be viewed as an indication of how much an implied order and/or an aggregate quality for implied orders may be relied upon. Certain embodiments utilize various techniques for determining a quality for an implied order. Certain embodiments utilize various techniques for determining an aggregate quality for implied orders. Certain embodiments provide an indicator of the quality for an implied order and/or of the aggregate quality for implied orders. Certain embodiments filter an implied order based on a determined quality value and/or determined aggregate quality.Type: ApplicationFiled: June 24, 2010Publication date: December 29, 2011Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Sagy Pundak Mintz, Michael J. Burns, Alexander D. Deitz
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Patent number: 8036965Abstract: 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: GrantFiled: March 26, 2007Date of Patent: October 11, 2011Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Alexander D. Deitz
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Publication number: 20110145165Abstract: Synthetic spread trading strategies are represented and managed as homogeneous tradeable objects. Relationships between a synthetic spread and its constituent parts are defined and states for a spread are developed for accurately reporting, tracking and otherwise administering a synthetic spread and its constituent parts. A state of a synthetic spread is identified as working, pending, legged or filled. The states, in addition to identification of a synthetic spread's constituent parts, introduces information to allow a spread order and its post trade analysis to be consistently and effectively managed by multiple trading tools.Type: ApplicationFiled: December 14, 2009Publication date: June 16, 2011Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Tom James Haldes, Sagy P. Mintz, Patricia A. Messina, Alexander D. Deitz
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Publication number: 20100293088Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.Type: ApplicationFiled: July 27, 2010Publication date: November 18, 2010Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Alexander D. Deitz, Sagy P. Mintz
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Patent number: 7788167Abstract: A system and methods are provided for using order descriptor identifiers in relation to orders being used in trading strategies. According to one example method, when a hedge order is submitted upon detecting a fill of another order, the hedge order includes one or more order descriptor identifiers conveying a purpose of the hedge order to a user. The order descriptor identifiers can be used to search for desired orders and perform more effective order management and post trade analysis.Type: GrantFiled: March 21, 2007Date of Patent: August 31, 2010Assignee: Trading Technologies International, Inc.Inventors: Alexander D. Deitz, Sagy P. Mintz
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Patent number: 7774262Abstract: A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.Type: GrantFiled: May 2, 2006Date of Patent: August 10, 2010Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Eric M. Herz, Alexander D. Deitz
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Patent number: 7774261Abstract: A system and associated methods are provided for use of fractional pay-up ticks in relation to offset orders being sent for a trading strategy that involves trading a first tradeable object and at least a second tradeable object. According to one example method, when an indication is received that a quantity at a first price for the first tradeable object is filled, a plurality of offset orders for the second tradeable object is sent to an electronic order book of the second tradeable object. The plurality of offset orders is placed at a plurality of price levels determined based on at least one fractional pay-up tick value, the first price, and the desired spread price. A quantity for each order is determined based on a quantity divider rule that is applied to an offset quantity to offset the fill.Type: GrantFiled: September 30, 2005Date of Patent: August 10, 2010Assignee: Trading Technologies International, Inc.Inventors: Sagy P. Mintz, Eric M. Herz, Alexander D. Deitz