Patents by Inventor Farley Owens
Farley Owens 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: 8255313Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.Type: GrantFiled: June 15, 2011Date of Patent: August 28, 2012Assignee: Trading Technologies International, Inc.Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
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Publication number: 20120116947Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: ApplicationFiled: January 21, 2012Publication date: May 10, 2012Applicant: Trading Technologies International Inc.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Patent number: 8145553Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: GrantFiled: March 11, 2011Date of Patent: March 27, 2012Assignee: Trading Technologies International Inc.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Publication number: 20120011052Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: ApplicationFiled: September 20, 2011Publication date: January 12, 2012Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Harris Brumfield, Farley Owens
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Patent number: 8046284Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: GrantFiled: October 26, 2010Date of Patent: October 25, 2011Assignee: Trading Technologies International, Inc.Inventors: Harris C. Brumfield, Farley Owens
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Publication number: 20110246353Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.Type: ApplicationFiled: June 15, 2011Publication date: October 6, 2011Applicant: Trading Technologies International, Inc.Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
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Patent number: 7991667Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.Type: GrantFiled: September 14, 2009Date of Patent: August 2, 2011Assignee: Trading Technologies International, Inc.Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
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Publication number: 20110166984Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: ApplicationFiled: March 11, 2011Publication date: July 7, 2011Applicant: Trading Technologies International Inc.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Patent number: 7930233Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: GrantFiled: May 13, 2010Date of Patent: April 19, 2011Assignee: Trading Technologies International Inc.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Publication number: 20110040678Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: ApplicationFiled: October 26, 2010Publication date: February 17, 2011Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Harris C. Brumfield, Farley Owens
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Patent number: 7844524Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: GrantFiled: May 15, 2009Date of Patent: November 30, 2010Assignee: Trading Technologies International, Inc.Inventors: Harris Brumfield, Farley Owens
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Publication number: 20100228662Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: ApplicationFiled: May 13, 2010Publication date: September 9, 2010Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Patent number: 7742974Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: GrantFiled: July 11, 2005Date of Patent: June 22, 2010Assignee: Trading Technologies International Inc.Inventors: Farley Owens, Robert J. Kline, Diane Saucier, Nidhi Singh, Bharat Mittal
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Publication number: 20100005036Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.Type: ApplicationFiled: September 14, 2009Publication date: January 7, 2010Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
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Patent number: 7606748Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: GrantFiled: September 12, 2002Date of Patent: October 20, 2009Assignee: Trading Technologies International, Inc.Inventors: Harris Brumfield, Farley Owens
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Patent number: 7603303Abstract: A margin requirement is computed while trading. The margin requirement may be calculated while trading because the preferred system takes into account working orders to generate the margin requirement. The on the fly possibility allows the preferred system to provide pre-trade risk calculations, but can also be used to provide post-trade calculations. A generic spread number and the maximum number of outright positions are determined. Using the spread positions and the maximum number of outright positions, a spread margin and an outright margin are calculated, which when summed provide a total margin requirement. Limits based in part on the total margin requirement may be imposed on one or more traders.Type: GrantFiled: January 10, 2003Date of Patent: October 13, 2009Assignee: Trading Technologies International, Inc.Inventors: Henrik Kraus, Farley Owens, Jens-Uwe Schluetter
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Patent number: 7552073Abstract: Information regarding the current state in the market is used to prevent orders from crossing. In an example provided herein, when an order is entered into a market, information regarding current positions in the market is taken into account to determine whether the order will cross with other orders. If the orders would cross, appropriate action is taken to prevent the crossing of orders in a way suitable for the person or persons trading. The teachings described herein may be used for any reason to prevent orders from crossing. Moreover, they may be used in other areas of trading to assist the trader in obeying any other rule or regulation that might involve analyzing current positions in the market before taking action.Type: GrantFiled: May 2, 2006Date of Patent: June 23, 2009Assignee: Trading Technologies International, Inc.Inventors: Harris Brumfield, Farley Owens
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Publication number: 20060085320Abstract: System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.Type: ApplicationFiled: July 11, 2005Publication date: April 20, 2006Inventors: Farley Owens, Robert Kline, Diane Saucier, Nidhi Singh, Bharat Mittal