Patents by Inventor Howard Lutnick

Howard Lutnick 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).

  • Publication number: 20080082440
    Abstract: Method and systems are provided herewith for providing non-fully-transparent markets that includes or involves the step or steps of receiving a request to reveal a bid or an offer, in which the request is submitted by a user of an electronic trading system; transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time; and executing the bid or the offer at a default price and a default size, in the event that the user does not submit a command to trade within the pre-determined period of time.
    Type: Application
    Filed: April 27, 2007
    Publication date: April 3, 2008
    Inventors: Howard LUTNICK, Peter Bartko
  • Publication number: 20080077523
    Abstract: 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: Application
    Filed: November 29, 2007
    Publication date: March 27, 2008
    Inventors: Stuart Fraser, Andrew Gilbert, Philip Ginsberg, Glenn Kirwin, Howard Lutnick, Michael Williams
  • Publication number: 20080071670
    Abstract: 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: Application
    Filed: November 29, 2007
    Publication date: March 20, 2008
    Inventors: Stuart Fraser, Andrew Gilbert, Philip Ginsberg, Glenn Kirwin, Howard Lutnick, Michael Williams
  • Publication number: 20080071671
    Abstract: 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: Application
    Filed: November 29, 2007
    Publication date: March 20, 2008
    Inventors: Stuart Fraser, Andrew Gilbert, Philip Ginsberg, Glenn Kirwin, Howard Lutnick, Michael Williams
  • Publication number: 20080046372
    Abstract: Methods and apparatus are disclosed for facilitating online storage of files (e.g., audio tracks, video, etc.) for playback/access or sale/exchange by the owners of the files without violating copyrights that copyright holders have in the files. For example, by providing a playback service that does not store additional versions of an audio file when the file is transmitted to, and immediately played on, a user device without buffering, the present invention avoids violating copyright laws by not making copies of the file. Numerous other aspects are disclosed.
    Type: Application
    Filed: May 11, 2007
    Publication date: February 21, 2008
    Inventors: Howard Lutnick, Dean Alderucci
  • Publication number: 20080001786
    Abstract: The present invention provides a trading keyboard that can be configured both physically and functionally according to a user's preferences. The trading keyboard preferably includes self-identifying key covers that can be physically arranged on any of the keyboard's key bases. Detection mechanisms included in the key bases detect the commands of the trading application associated with each self-identifying key cover. Therefore, the user may reposition the key covers on the keyboard according to the user's preferences, and yet retain the same functionality for the key covers. The user may also switch between keyboard modes that allow the keyboard to be functionally reconfigured. By selecting different modes, the user can chose between different keyboard mapping configurations that assign the functions of the trading application to the keys in different arrangements. The mode selection mechanism may also be used to select between different commands associated with a single key or key cover.
    Type: Application
    Filed: September 17, 2007
    Publication date: January 3, 2008
    Inventors: Howard LUTNICK, Joseph Noviello
  • Publication number: 20070298871
    Abstract: 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 games, 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: Application
    Filed: September 5, 2007
    Publication date: December 27, 2007
    Inventors: Joseph Asher, Howard Lutnick
  • Publication number: 20070281792
    Abstract: A user is permitted to engage in at least one activity via a gaming device during at least a first period of time in a given area but is not permitted to engage in the at least one activity via the gaming device during at least a second period of time in the given area. The gaming device may be deactivated in the given area during at least the second period of time.
    Type: Application
    Filed: August 15, 2007
    Publication date: December 6, 2007
    Inventors: Lee Amaitis, Joseph Asher, Howard Lutnick, Darrin Mylet, Alan Wilkins
  • Publication number: 20070281785
    Abstract: A user engaged in at least one activity via a gaming device is not permitted to engage in the at least one activity if the user leaves a particular area for at least a predetermined amount of time and/or enters a particular area for at least a predetermined amount of time.
    Type: Application
    Filed: August 15, 2007
    Publication date: December 6, 2007
    Inventors: Lee Amaitis, Joseph Asher, Howard Lutnick, Darrin Mylet, Alan Wilkins
  • Publication number: 20070275779
    Abstract: An activating and deactivating of a gaming device may be based at least in part on a duration of time in which the gaming device is permitted to be activated, a period of time during which the gaming device is permitted to be activated, and/or a location of a user of the gaming device.
    Type: Application
    Filed: August 15, 2007
    Publication date: November 29, 2007
    Inventors: Lee Amaitis, Joseph Asher, Howard Lutnick, Darrin Mylet, Alan Wilkins
  • Publication number: 20070271171
    Abstract: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface displays a bid price axis and an ask price axis, as well as corresponding sizes, and an indication of the inside market. When the inside market changes in response to changing market conditions, the indication of the inside market changes locations before being restored to its original location by shifting the bid and ask prices in a direction parallel to the bid or ask price axis. The user may enter trade commands at different price levels using an input device. In order to help prevent such trade commands from being entered at erroneous price levels, the system locks a pointer associated with the input device to a price the user points to during the shifting process, unless the pointer is moved away from that price.
    Type: Application
    Filed: July 29, 2005
    Publication date: November 22, 2007
    Applicant: eSpeed, Inc.
    Inventors: Howard Lutnick, Kevin Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20070250438
    Abstract: A data processing system for implementing transaction management of auction-based trading for specialized items such as fixed income instruments. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly programmed controlled workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers and fairly distributes market opportunity to system users.
    Type: Application
    Filed: June 8, 2007
    Publication date: October 25, 2007
    Inventors: Stuart Fraser, Howard Lutnick, Bijoy Paul
  • Publication number: 20070244795
    Abstract: A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with trading priority in the second state to trade on an incoming contra order. The participant may also have an associated order modified as a result of an incoming contra order and/or be caused to automatically trade on an incoming contra order.
    Type: Application
    Filed: January 9, 2007
    Publication date: October 18, 2007
    Inventors: Howard Lutnick, Joseph Noviello, Michael Sweeting
  • Publication number: 20070244796
    Abstract: A trading system transitions from a first state to a second state and may award a participant, when one or more criteria and/or a status of trading rights are met, with an exclusive and/or semi-exclusive right in the second state to trade on an incoming contra order.
    Type: Application
    Filed: January 9, 2007
    Publication date: October 18, 2007
    Inventors: Howard Lutnick, Jeseph Noviello, Michael Sweeting
  • Publication number: 20070240053
    Abstract: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface displays a bid price axis and an ask price axis, as well as corresponding sizes, and an indication of the inside market. When the inside market changes in response to changing market conditions, the indication of the inside market changes locations before being restored to its original location by shifting the bid and ask prices in a direction parallel to the bid or ask price axis. The user may enter trade commands at different price levels using an input device. In order to help prevent such trade commands from being entered at erroneous price levels, the system locks a pointer associated with the input device to a price the user points to during the shifting process, unless the pointer is moved away from that price.
    Type: Application
    Filed: December 8, 2006
    Publication date: October 11, 2007
    Inventors: Howard Lutnick, Kevin Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20070226015
    Abstract: According to an embodiment, a life settlement module that is operable to receive information relating to a life insurance policy, and to calculate a value or range of values that characterizes the life insurance policy. An annuity module that is operable to receive information relating to an annuity, and in response to the received information, calculate a single value or range of values that characterize the annuity.
    Type: Application
    Filed: December 19, 2006
    Publication date: September 27, 2007
    Inventors: Howard Lutnick, Stuart Hersch
  • Publication number: 20070226123
    Abstract: According to an embodiment, a method includes accessing a listing of a plurality of profiles of life insurance policies. A profile is selected from the listing, and the trading status of the profile can be viewed. A buy command or sell command is submitted to an exchange system to trade the life insurance policy that is associated with the selected profile.
    Type: Application
    Filed: October 17, 2006
    Publication date: September 27, 2007
    Inventors: Howard Lutnick, Stuart Hersch
  • Publication number: 20070208642
    Abstract: An apparatus for providing a financial instrument comprises a memory operable to store a plurality of predefined states wherein each of the predefined states corresponds to at least one potential outcome of a probabilistic event. The memory further stores a plurality of predefined termination criteria wherein each predefined state corresponds to at least one predefined termination criteria. The memory further stores a financial instrument that is allocated a value based at least in part upon one of the plurality of predefined states. A processor is coupled to the memory and facilitates the transfer of the financial instrument.
    Type: Application
    Filed: May 8, 2007
    Publication date: September 6, 2007
    Applicant: Cantor Index LLC
    Inventors: Joseph Asher, Dominic Crosthwaite, Howard Lutnick, Guy Riches
  • Publication number: 20070207849
    Abstract: An apparatus for providing a financial instrument comprises a memory operable to store a plurality of predefined states wherein each of the predefined states corresponds to at least one potential outcome of a probabilistic event. The memory further stores a plurality of predefined termination criteria wherein each predefined state corresponds to at least one predefined termination criteria. The memory further stores a financial instrument that is allocated a value based at least in part upon one of the plurality of predefined states. A processor is coupled to the memory and facilitates the transfer of the financial instrument.
    Type: Application
    Filed: May 8, 2007
    Publication date: September 6, 2007
    Applicant: Cantor Index LLC
    Inventors: Joseph Asher, Dominic Crosthwaite, Howard Lutnick, Guy Riches
  • Publication number: 20070191085
    Abstract: One or more inputs, such as one or more cards from a deck of cards, to a card game are determined from one or more event results from a sporting event. A result of the card game is based at least on the one or more determined inputs.
    Type: Application
    Filed: January 17, 2007
    Publication date: August 16, 2007
    Inventors: Joseph Asher, Howard Lutnick