Patents by Inventor Andrew C. Gilbert
Andrew C. Gilbert 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: 20140258078Abstract: Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.Type: ApplicationFiled: May 23, 2014Publication date: September 11, 2014Applicant: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis
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Patent number: 8738501Abstract: Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.Type: GrantFiled: December 16, 2008Date of Patent: May 27, 2014Assignee: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis
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Patent number: 8725623Abstract: Systems and methods are provided to control gaming in electronic trading markets. These systems and methods alleviate the problem of a seller or buyer trying to act on a trader's original bid or offer only to trade at an unfavorable level after the trader changes the bid or offer. A pricing method suspends trading for a period of time if a price difference between two bids or offers by the same trader is too great. A timing method prevents a trader from canceling or replacing a bid or offer for a period of time. These methods provide a more fair and efficient way of executing electronic trades.Type: GrantFiled: February 15, 2008Date of Patent: May 13, 2014Assignee: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis
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Publication number: 20140101019Abstract: Electronic trading systems and methods which facilitate principal/broker trading are provided. In a first aspect of the invention, a database relating to trading participants in the trading system is designed to indicate which traders utilize a principal/broker relationship and what, if any, limitations are placed on the activity of the broker, trading commands submitted by the broker, and counterparties in a transaction with the broker. In another aspect of the invention, trading commands and executed trades involving principals/brokers may be presented to other traders using special designations. The ability to enter certain trading commands by, and in response to, brokers may be limited. In a further aspect of the invention, anonymous trading features may prevent traders from knowing whether another trader is a broker or principal, may restrict traders from being able to block trading with brokers, and may permit brokers to configure anonymous trading parameters.Type: ApplicationFiled: July 22, 2013Publication date: April 10, 2014Applicant: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Andrew Stergiopoulos, William P. Tselepis
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Publication number: 20130166429Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.Type: ApplicationFiled: September 13, 2012Publication date: June 27, 2013Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
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Publication number: 20130151390Abstract: Systems and methods for anonymous electronic trading that allow a trader to hide his or her identity and inhibit trading interactions are provided. Using these systems and methods, a trader can, using various trading interfaces, control a level of trading anonymously and configure warnings that are provided to protect against inadvertent completion of potential-risk-involved trades.Type: ApplicationFiled: September 14, 2012Publication date: June 13, 2013Inventors: Philip M. Ginsberg, Andrew C. Gilbert, Howard W. Lutnick
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Publication number: 20130132254Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: ApplicationFiled: September 14, 2012Publication date: May 23, 2013Inventors: Stuart A. Fraser, Andrew C. Gilbert, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
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Publication number: 20130132250Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: ApplicationFiled: July 16, 2012Publication date: May 23, 2013Inventors: Stuart Fraser, Andrew C. Gilbert, Philip M. Ginsberg, GIenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
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Publication number: 20130132251Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: ApplicationFiled: July 23, 2012Publication date: May 23, 2013Inventors: Stuart A. Fraser, Andrew C. Gilbert, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
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Publication number: 20130005444Abstract: Systems and methods for real-time interactive wagering on event outcomes are presented. Clients are first qualified and given wagering limits before being allowed to interactively wager on event outcomes. Event outcomes may be based on, for example, financial markets and indices, sporting and entertainment events, casino performances, and natural phenomena such as weather and earthquakes. Events on which wagers can be placed include both those with known and unknown outcome probabilities, and wagers can be a fixed-odds type or a spread-bet type. Wager transactions, including acceptances and confirmations, are executed in real time. Clients can customize displays of events on which they are authorized to wager. Real-time client credit management, automatic dealer hedging, automatic price-spread adjustments, and automatic client and dealer defined wagering limits are also provided.Type: ApplicationFiled: September 11, 2012Publication date: January 3, 2013Inventors: Philip M. Ginsberg, Howard W. Lutnick, Andrew C. Gilbert, Mary Ann Gilbert, Lewis Findlay
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Patent number: 8290837Abstract: Systems and methods for user-configurable financial instrument inspection are provided. A user may select the type of financial performance information and presentation format of the financial performance information to be displayed when the user selects a particular financial instrument. The user may associate a set of financial performance information and presentation format with a particular financial market for financial instruments. The financial instrument inspector may also facilitate trading of financial instruments.Type: GrantFiled: December 6, 2006Date of Patent: October 16, 2012Assignee: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Mary Ann Gilbert, legal representative, William P. Tselepis, Mary K. Tselepis, legal representative, Andrew Stergiopoulos, Angela Stergiopoulos, legal representative
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Patent number: 8285614Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: GrantFiled: November 29, 2007Date of Patent: October 9, 2012Assignee: BGC Partners, Inc.Inventors: Stuart A. Fraser, Andrew C. Gilbert, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
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Publication number: 20120203684Abstract: A bid/offer spread market is presented that allows a trader to increase liquidity in traded items. A bid/offer spread market maker may make a bid/offer spread market. This bid/offer spread market may be made available to any market participant. In response to the spread market, an aggressor may respond to a bid or an offer with a hit or a take, respectively. In response to the hit or the take, the aggressor or bid/offer spread market maker, respectively, may create a separate underlying market using the selected (bid or offer) spread within a specified amount of time. The other party, a bid/offer spread trader, may trade on the quoted price within a specified amount of time, at which point a trade has occurred.Type: ApplicationFiled: March 26, 2012Publication date: August 9, 2012Inventors: Andrew C GILBERT, Mary Ann Gilbert, Andrew Stergiopoulos, Angela Stergiopoulos
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Patent number: 8229831Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: GrantFiled: April 20, 2004Date of Patent: July 24, 2012Assignee: BGC Partners, Inc.Inventors: Stuart A Fraser, Andrew C Gilbert, Philip M Ginsberg, Glenn D Kirwin, Howard W Lutnick, Michael E Williams
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Patent number: 8224740Abstract: The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.Type: GrantFiled: November 29, 2007Date of Patent: July 17, 2012Assignee: BGC Partners, Inc.Inventors: Stuart A. Fraser, Andrew C. Gilbert, Philip M. Ginsberg, Glenn D. Kirwin, Howard W. Lutnick, Michael E. Williams
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Publication number: 20120100918Abstract: Systems and methods for real-time interactive wagering on event outcomes are presented. Clients are first qualified and given wagering limits before being allowed to interactively wager on event outcomes. Event outcomes may be based on, for example, financial markets and indices, sporting and entertainment events, casino performances, and natural phenomena such as weather and earthquakes. Events on which wagers can be placed include both those with known and unknown outcome probabilities, and wagers can be a fixed-odds type or a spread-bet type. Wager transactions, including acceptances and confirmations, are executed in real time. Clients can customize displays of events on which they are authorized to wager. Real-time client credit management, automatic dealer hedging, automatic price-spread adjustments, and automatic client and dealer defined wagering limits are also provided.Type: ApplicationFiled: December 28, 2011Publication date: April 26, 2012Inventors: Philip M. GINSBERG, Howard W. Lutnick, Andrew C. Gilbert, Mary Ann Gilbert, Lewis Findlay
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Patent number: 8145557Abstract: A bid/offer spread market is presented that allows a trader to increase liquidity in traded items. A bid/offer spread market maker may make a bid/offer spread market. This bid/offer spread market may be made available to any market participant. In response to the spread market, an aggressor may respond to a bid or an offer with a hit or a take, respectively. In response to the hit or the take, the aggressor or bid/offer spread market maker, respectively, may create a separate underlying market using the selected (bid or offer) spread within a specified amount of time. The other party, a bid/offer spread trader, may trade on the quoted price within a specified amount of time, at which point a trade has occurred.Type: GrantFiled: October 17, 2001Date of Patent: March 27, 2012Assignee: BGC Partners, Inc.Inventors: Andrew C. Gilbert, Mary Ann Gilbert, legal representative, Andrew Stergiopoulos, Angela Stergiopoulos, legal representative
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Patent number: 8088000Abstract: Systems and methods for real-time interactive wagering on event outcomes are presented. Clients are first qualified and given wagering limits before being allowed to interactively wager on event outcomes. Event outcomes may be based on, for example, financial markets and indices, sporting and entertainment events, casino performances, and natural phenomena such as weather and earthquakes. Events on which wagers can be placed include both those with known and unknown outcome probabilities, and wagers can be a fixed-odds type or a spread-bet type. Wager transactions, including acceptances and confirmations, are executed in real time. Clients can customize displays of events on which they are authorized to wager. Real-time client credit management, automatic dealer hedging, automatic price-spread adjustments, and automatic client and dealer defined wagering limits are also provided.Type: GrantFiled: April 18, 2008Date of Patent: January 3, 2012Assignee: CFPH, LLCInventors: Philip M. Ginsberg, Howard W. Lutnick, Andrew C. Gilbert, Mary Ann Gilbert, legal representative, Lewis Findlay
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Patent number: 8060435Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.Type: GrantFiled: May 27, 2010Date of Patent: November 15, 2011Assignee: BGC Partners, Inc.Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert
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Patent number: 8041626Abstract: Systems and methods for configurable trading interfaces that allow a trader to quickly and easily submit trading commands to a trading system are provided. Using these systems and methods, a trader can using various trading interfaces to initiate trading commands, configure various display features and default command settings, and control a level of command entry verification that is provided to protect against inadvertent entry of incorrect trading commands.Type: GrantFiled: June 1, 2007Date of Patent: October 18, 2011Assignee: BGC Partners, Inc.Inventors: Glenn D. Kirwin, Matthew Claus, Joseph Noviello, Andrew C. Gilbert