Patents by Inventor Frank Hatheway
Frank Hatheway 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: 8401943Abstract: Techniques and systems for determining a valuation for securities that do not have an established valuation mechanism are described herein. Derivative securities based on underlying employee stock options where the maturity of the derivative security is tied to exercise and forfeiture behaviors of individuals owning the stock options are also described herein.Type: GrantFiled: June 23, 2009Date of Patent: March 19, 2013Assignee: The NASDAQ OMX Group, Inc.Inventors: Frank Hatheway, Marianne Baldrica
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Patent number: 8326737Abstract: A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.Type: GrantFiled: November 2, 2010Date of Patent: December 4, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan B. Franks, Adam S. Nunes, Timothy McCormick
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Patent number: 8280797Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: GrantFiled: January 11, 2010Date of Patent: October 2, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan Barnard Franks, Adam Seth Nunes, Oliver Albers
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Patent number: 7925570Abstract: A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.Type: GrantFiled: March 9, 2005Date of Patent: April 12, 2011Assignee: The Nasdaq OMX Group, Inc.Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan B. Franks, Adam S. Nunes, Timothy McCormick
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Publication number: 20110066541Abstract: A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.Type: ApplicationFiled: November 2, 2010Publication date: March 17, 2011Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan B. Franks, Adam S. Nunes, Timothy McCormick
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Publication number: 20100205109Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: ApplicationFiled: January 11, 2010Publication date: August 12, 2010Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan Barnard Franks, Adam Seth Nunes, Oliver Albers
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Publication number: 20100030681Abstract: Techniques and systems for determining a valuation for securities that do not have an established valuation mechanism are described herein. Derivative securities based on underlying employee stock options where the maturity of the derivative security is tied to exercise and forfeiture behaviors of individuals owning the stock options are also describe herein.Type: ApplicationFiled: June 23, 2009Publication date: February 4, 2010Inventors: Frank Hatheway, Marianne Baldrica
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Patent number: 7647264Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: GrantFiled: April 28, 2004Date of Patent: January 12, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Frank Hatheway, Daniel F. Moore, Timothy E. Cox, Peter J. Martyn, Dan Barnard Franks, Adam Seth Nunes, Oliver Albers
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Publication number: 20090234759Abstract: Disclosed are computer-implemented techniques for valuing non-marketable financial instrument such as employee stock options. The techniques include determining a market price of a derivate security that represents exposure to the non-marketable financial instrument by receiving bids or offers at a pre-determined time prior to the start of an auction and determining price information in a computer prior to a scheduled auction close. The determined price information is disseminated to auction participants, and the techniques includes closing the auction and executing on a computer orders and bids for the security at the determined price.Type: ApplicationFiled: November 19, 2008Publication date: September 17, 2009Applicant: The Nasdaq Stock Market, Inc.Inventors: Frank Hatheway, Constantine Sokoloff
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Publication number: 20060206404Abstract: A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.Type: ApplicationFiled: March 9, 2005Publication date: September 14, 2006Applicant: The Nasdaq Stock Market, Inc.Inventors: Frank Hatheway, Daniel Moore, Timothy Cox, Peter Martyn, Dan Franks, Adam Nunes, Timothy McCormick
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Publication number: 20050283421Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: ApplicationFiled: April 28, 2004Publication date: December 22, 2005Inventors: Frank Hatheway, Daniel Moore, Timothy Cox, Peter Martyn, Dan Franks, Adam Nunes, Oliver Albers