Patents by Inventor Eric Frait

Eric Frait 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).

  • METHODS AND SYSTEMS FOR TRADE FEE AND REBATE COMPUTATION AND ORDER ROUTING
    Publication number: 20140136311
    Abstract: Systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant are disclosed. The method may include a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more of market characteristics in memory. The method may further include calculating a trade fee or rebate that is based on at least one of the order information parameters and at least one of the market characteristics stored in memory. A system may include a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, the processor configured to execute the instructions according to the method set out above.
    Type: Application
    Filed: November 13, 2013
    Publication date: May 15, 2014
    Applicant: CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
    Inventors: Eric Frait, Eileen C. Smith
  • Methods and systems for trade fee and rebate computation and order routing
    Patent number: 8612323
    Abstract: Systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant are disclosed. The method may include a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more of market characteristics in memory. The method may further include calculating a trade fee or rebate that is based on at least one of the order information parameters and at least one of the market characteristics stored in memory. A system may include a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, the processor configured to execute the instructions according to the method set out above.
    Type: Grant
    Filed: June 7, 2012
    Date of Patent: December 17, 2013
    Assignee: Chicago Board Options Exchange, Incorporated
    Inventors: Eric Frait, Eileen C. Smith