Patents by Inventor Bruce E. Friedman
Bruce E. Friedman 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: 11157999Abstract: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.Type: GrantFiled: March 17, 2016Date of Patent: October 26, 2021Assignee: Nasdaq, Inc.Inventors: John T. Hughes, Jr., Bruce E. Friedman
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Publication number: 20190392522Abstract: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.Type: ApplicationFiled: September 4, 2019Publication date: December 26, 2019Inventors: John T. HUGHES, JR., Bruce E. FRIEDMAN
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Publication number: 20190385235Abstract: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.Type: ApplicationFiled: August 30, 2019Publication date: December 19, 2019Inventors: John T. HUGHES, JR., Bruce E. FRIEDMAN
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Patent number: 10430882Abstract: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.Type: GrantFiled: March 17, 2016Date of Patent: October 1, 2019Assignee: Nasdaq, Inc.Inventors: John T. Hughes, Jr., Bruce E. Friedman
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Publication number: 20160196609Abstract: A computer system includes a front end interface configured for data communications over a network with data producer terminals, multiple distributed data processors coupled to the front end interface by a data messaging infrastructure, the multiple distributed data processors including a first distributed data processor and a second distributed data processor, and an information bus coupled to the multiple distributed data processors and to multiple independent consumer modules. The first processor receives and processes data order messages for the first security, and maintains a first order book that stores outstanding orders for the first security. The second processor receives and processes received data order messages for the second security, and maintains a second order book that stores outstanding orders for the second security.Type: ApplicationFiled: March 17, 2016Publication date: July 7, 2016Inventors: John T. HUGHES, JR., Bruce E. FRIEDMAN
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Patent number: 9311673Abstract: A securities processor includes non-volatile storage, a first-in-first-out queue maintained in the non-volatile storage to store events, a random access memory, and an order book maintained in the random access memory to store one or more events corresponding to quotes or outstanding orders related to a security. A matching process receives the events from the queue, determines whether the event can be matched with a contra-side event stored in the order book, and executes a transaction between the received event and a matched contra side event if a match is found.Type: GrantFiled: July 25, 2002Date of Patent: April 12, 2016Assignee: Nasdaq, Inc.Inventors: John T. Hughes, Jr., Bruce E. Friedman
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Patent number: 8244622Abstract: A trading process for trading securities in an electronic market includes a matching process to match a portion of a received order for a security against a security interest stored in an order book that resides in main memory of a computer system.Type: GrantFiled: July 25, 2002Date of Patent: August 14, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: John T. Hughes, Jr., Daniel F. Moore, Bruce E. Friedman, Timothy Vincent
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Patent number: 8095453Abstract: A process for chronicling a portion of an electronic market includes a record process for recording an activity relating to a security interest in an order book in main memory of a computer system and another record process for recording the activity in a persistent store.Type: GrantFiled: October 26, 2010Date of Patent: January 10, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: John T. Hughes, Jr., Daniel F. Moore, Bruce E. Friedman, Timothy Vincent
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Publication number: 20110040676Abstract: A process for chronicling a portion of an electronic market includes a record process for recording an activity relating to a security interest in an order book in main memory of a computer system and another record process for recording the activity in a persistent store.Type: ApplicationFiled: October 26, 2010Publication date: February 17, 2011Inventors: John T. Hughes, JR., Daniel F. Moore, Bruce E. Friedman, Timothy Vincent
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Patent number: 7890411Abstract: A round-lot-based system for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The system receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The system uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The system also aggregates round, odd, and/or mixed lot orders into an aggregate of actual shares. The aggregate of actual shares may be placed on a book and rounded down to the nearest round lot for displaying on the round-lot-based system.Type: GrantFiled: July 25, 2002Date of Patent: February 15, 2011Assignee: The Nasdaq OMX Group, Inc.Inventors: Daniel F. Moore, John T. Hughes, Jr., Bruce E. Friedman, Peter J Martyn
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Patent number: 7801796Abstract: A message prioritization process includes an interface process for receiving a primary attributable security interest message and one or more secondary attributable security interest messages placed by the market participant on a securities trading system. The primary attributable security interest message relates to a defined quantity of an individual security traded on the securities trading system. Each secondary attributable security interest message increments the defined quantity of the primary attributable security interest message by an incremental quantity. A code assignment process assigns a superior prioritization code to the primary attributable security interest message and an inferior prioritization code to each secondary attributable security interest message. These prioritization codes control the order in which the attributable security interest messages are processed by a matching process, and the inferior prioritization code is subordinate to the superior prioritization code.Type: GrantFiled: November 21, 2002Date of Patent: September 21, 2010Assignee: The NASDAQ OMX Group, Inc.Inventors: Bruce E. Friedman, John T. Hughes, Jr., Gopichand Kongani, Daniel F. Moore
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Publication number: 20090030834Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: ApplicationFiled: July 29, 2008Publication date: January 29, 2009Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, John Hughes, Peter Martyn, Timothy Vincent
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Patent number: 7406447Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: GrantFiled: January 14, 2002Date of Patent: July 29, 2008Assignee: The NASDAQ OMX Group, Inc.Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, Timothy Vincent, John Hughes, Peter Martyn
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Publication number: 20040024681Abstract: A round-lot-based system for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The system receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The system uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The system also aggregates round, odd, and/or mixed lot orders into an aggregate of actual shares. The aggregate of actual shares may be placed on a book and rounded down to the nearest round lot for displaying on the round-lot-based system.Type: ApplicationFiled: July 25, 2002Publication date: February 5, 2004Inventors: Daniel F. Moore, John T. Hughes, Bruce E. Friedman, Peter J. Martyn
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Publication number: 20030229574Abstract: A message prioritization process includes an interface process for receiving a primary attributable security interest message and one or more secondary attributable security interest messages placed by the market participant on a securities trading system. The primary attributable security interest message relates to a defined quantity of an individual security traded on the securities trading system. Each secondary attributable security interest message increments the defined quantity of the primary attributable security interest message by an incremental quantity. A code assignment process assigns a superior prioritization code to the primary attributable security interest message and an inferior prioritization code to each secondary attributable security interest message. These prioritization codes control the order in which the attributable security interest messages are processed by a matching process, and the inferior prioritization code is subordinate to the superior prioritization code.Type: ApplicationFiled: November 21, 2002Publication date: December 11, 2003Inventors: Bruce E. Friedman, John T. Hughes, Gopichand Kongani, Daniel F. Moore
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Publication number: 20030225672Abstract: A securities processor includes non-volatile storage, a first-in-first-out queue maintained in the non-volatile storage to store events, a random access memory, and an order book maintained in the random access memory to store one or more events corresponding to quotes or outstanding orders related to a security. A matching process receives the events from the queue, determines whether the event can be matched with a contra-side event stored in the order book, and executes a transaction between the received event and a matched contra side event if a match is found.Type: ApplicationFiled: July 25, 2002Publication date: December 4, 2003Inventors: John T. Hughes, Bruce E. Friedman
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Publication number: 20030225673Abstract: A trading process for trading securities in an electronic market includes a matching process to match a portion of a received order for a security against a security interest stored in an order book that resides in main memory of a computer system.Type: ApplicationFiled: July 25, 2002Publication date: December 4, 2003Inventors: John T. Hughes, Daniel F. Moore, Bruce E. Friedman, Timothy Vincent
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Publication number: 20030225674Abstract: A process for chronicling a portion of an electronic market includes a record process for recording an activity relating to a security interest in an order book in main memory of a computer system and another record process for recording the activity in a persistent store.Type: ApplicationFiled: July 25, 2002Publication date: December 4, 2003Inventors: John T. Hughes, Daniel F. Moore, Bruce E. Friedman, Timothy Vincent
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Publication number: 20030135443Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: ApplicationFiled: January 14, 2002Publication date: July 17, 2003Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, Timothy Vincent, John Hughes, Peter Martyn