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: 20070060358
    Abstract: In accordance with the teachings of the present invention, a system and method for wireless gaming with location determination are provided. In a particular embodiment of the present invention, the system includes a gaming server; a wireless network at least partially covering a property, the wireless network comprising a plurality of signal detection devices; and a gaming communication device operable to transmit and receive gaming information to and from the gaming server via the wireless network. A location of the gaming communication device on the property may be determined based upon a signal received by the plurality of signal detection devices from the gaming communication device. Based upon the location of the gaming communication device on the property, a predetermined functionality of the gaming communication device may be enabled.
    Type: Application
    Filed: August 10, 2005
    Publication date: March 15, 2007
    Inventors: Lee Amaitis, Joseph Asher, Robert Bahrampour, Darrin Mylet, Alan Wilkins, Howard Lutnick
  • Publication number: 20070060306
    Abstract: A gaming system is provided. The gaming system allows users to access applications via gaming communication devices coupled to a communication network. At least a portion of the network may be wireless. The gaming applications include gambling, financial, entertainment service, and other types of transactions. The system may include a user location determination feature to prevent users from conducting transactions from unauthorized areas.
    Type: Application
    Filed: August 9, 2005
    Publication date: March 15, 2007
    Inventors: Lee Amaitis, Joseph Asher, Robert Bahrampour, Darrin Mylet, Alan Wilkins, Howard Lutnick
  • Publication number: 20070054739
    Abstract: A gaming system is provided. The gaming system allows users to access applications via gaming communication devices coupled to a communication network. At least a portion of the network may be wireless. The gaming applications include gambling, financial, entertainment service, and other types of transactions. The system may include a user location determination feature to prevent users from conducting transactions from unauthorized areas.
    Type: Application
    Filed: August 24, 2005
    Publication date: March 8, 2007
    Inventors: Lee Amaitis, Joseph Asher, Robert Bahrampour, Darrin Mylet, Alan Wilkins, Howard Lutnick
  • Publication number: 20070027793
    Abstract: Systems and methods for maintaining the viability of a market order type in fluctuating markets are provided. These systems and methods preferably provide the user with the ability to enter an order as a “conditional” market order. Such an order will preferably only be implemented as a market order under certain specific circumstances—e.g., the market has met a predetermined stability threshold for a preferably predetermined amount of time.
    Type: Application
    Filed: August 1, 2005
    Publication date: February 1, 2007
    Inventors: Howard Lutnick, Michael Sweeting, Joseph Noviello
  • Publication number: 20060293996
    Abstract: Systems and methods for vending and acquiring of trading priority in electronic trading systems are provided. The systems and method preferably provide for vending and acquiring priority in any suitable electronic trading system. Such suitable electronic trading systems include, but are not limited to, hit/lift exclusive priority systems, price time priority systems, order allocation systems, and request for quote systems.
    Type: Application
    Filed: June 28, 2005
    Publication date: December 28, 2006
    Inventors: Howard Lutnick, Michael Sweeting
  • Publication number: 20060282365
    Abstract: Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is an only at best order type, whereby trades are preferably only executed at the best price the item is being bought or sold.
    Type: Application
    Filed: April 18, 2006
    Publication date: December 14, 2006
    Inventors: Howard Lutnick, Kevin Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20060282366
    Abstract: Systems and methods of trading items on an electronic trading system according to the invention are provided. The embodiments of the invention are based at least in part on a new order type. The new order type is a modification of a conventional good-until bettered order type. A good-until-bettered bid/offer is received along with instructions that specify a good-until-bettered increment value and/or duration. The good-until-bettered order is maintained in the electronic trading system until a bid/offer that is better by the specified plurality of standard trading increments is received by the electronic trading system and/or remains in the system for the good-until-bettered duration.
    Type: Application
    Filed: April 20, 2006
    Publication date: December 14, 2006
    Inventors: Howard Lutnick, Kevin Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20060258429
    Abstract: A method of providing a multiple-stage contest is provided. A plurality of contest entries eligible to win a multiple-stage contest are sold to a plurality of contestants, each contest entry being defined at least by a set of one or more distinct identifiers. At each stage in the multiple-stage contest, one or more determinations regarding the distinct identifiers are made, which determinations cause a portion of the contest entries remaining eligible at that stage to become ineligible to win the contest. A market may be provided for contest entries remaining eligible after at least one of the plurality of stages. At least one winning contest entry is determined from one or more contest entries remaining eligible after the multiple stages of the contest. A competition may be held among contestants holding eligible contest entries to determine one or more winners. An award for each winning contest entry may be determined based on the revenues received from selling the plurality of contest entries.
    Type: Application
    Filed: April 12, 2006
    Publication date: November 16, 2006
    Inventors: Gregory Manning, Joseph Noviello, Howard Lutnick
  • Publication number: 20060218072
    Abstract: The invention relates to systems and methods that provide a user interface for use with an electronic trading system. The interface notifies the user that the price at which he or she may have attempted to trade has changed and presents the user with the opportunity to submit, modify or cancel the trade command. The user may configure the trading system to enable such a notification based on the time span for the price change, the number of increments of the price change, a combination thereof or any other appropriate consideration for protecting against the occurrence of erroneous price entries. Subsequent trade commands, such as those entered by third parties, may be used to validate prices and execute trades at these prices.
    Type: Application
    Filed: August 30, 2005
    Publication date: September 28, 2006
    Applicant: eSpeed, Inc.
    Inventors: Joseph Noviello, Lon Steger, Matthew Claus, Howard Lutnick, Michael Sweeting, Kevin Foley
  • Publication number: 20060085286
    Abstract: Systems and methods for providing interactive assistance on purchase decision-making are provided. These systems and methods are preferably adapted to enable a purchase decision to be made by preferably interactively assisting the purchase decision-making process until a final purchase selection is made or indicated.
    Type: Application
    Filed: October 28, 2005
    Publication date: April 20, 2006
    Inventors: Howard Lutnick, Glenn Kirwin, Joan Kirwin
  • Publication number: 20060080222
    Abstract: The invention relates to systems and methods that allocate different types of commissions to participants based on at least one factor contributing to the liquidity to the market in which an item trades. The commission may accordingly depend on the order in which trading commands are received from different participants and/or the sides the participants are on. The systems and methods receive trade commands from different participants on the item, match these trade commands, determine a commission or reward based on the added liquidity and allocate the commission or reward to certain participants.
    Type: Application
    Filed: August 26, 2005
    Publication date: April 13, 2006
    Inventors: Howard Lutnick, Michael Sweeting, Joseph Noviello
  • Publication number: 20060080225
    Abstract: Systems and methods for a trading interface with advanced features are provided. Using these systems and methods, a user may create orders, manipulate orders, cancel orders, configure alternative keyboard settings, and/or obtain additional information on transactions. When a user clicks on a bid and/or offer, a dialog box may pop-up, thereby providing the user with multiple options. To enable customization of the keyboard settings to a user's preference, a keyboard settings feature is provided. Users may also be provided with additional information relating to the user's wish to transact.
    Type: Application
    Filed: September 16, 2005
    Publication date: April 13, 2006
    Inventors: Howard Lutnick, Glen Kirwin, Joan Kirwin, Andrew Gilbert, Mary Gilbert
  • Publication number: 20060080219
    Abstract: Systems and methods for obtaining trading exclusivity in electronic trading systems are provided. The systems and method preferably provide criteria for determining whether exclusivity to certain incoming orders is available. Suitable electronic trading systems for implementation of such methods include, but are not limited to, hit/lift exclusive priority systems, price time priority systems, order allocation systems, and request for quote systems.
    Type: Application
    Filed: August 1, 2005
    Publication date: April 13, 2006
    Inventors: Howard Lutnick, Michael Sweeting, Joseph Noviello
  • Publication number: 20060069637
    Abstract: Electronic trading systems and methods are provided that permit traders to submit price improvement orders that are traded at predetermined pricing increments and that maintain a position in a trading stack based on the size of other orders already existing in the stack at the time the order is submitted. This type of price improvement relates to neutral price improvement according to the invention. Neutral price improvement represents an option that permits a trader to opt out of being subjected to the trading rules and/or scheme governing a particular feature (e.g., price improvement), yet still permit traders to engage in competitive trading. In such a system, the trading rules may be applied generally to all orders in the system, except for orders submitted with the neutral price improvement option.
    Type: Application
    Filed: September 28, 2005
    Publication date: March 30, 2006
    Inventors: Howard Lutnick, Michael Sweeting
  • Publication number: 20060031154
    Abstract: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding the outlying trading order. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.
    Type: Application
    Filed: August 4, 2004
    Publication date: February 9, 2006
    Inventors: Joseph Noviello, Michael Sweeting, Howard Lutnick
  • Publication number: 20060031156
    Abstract: According to one embodiment, a method of managing trading is provided. In a market for a particular type of instrument, electronic data including buy orders and sell orders are received from a plurality of traders. Each buy order has an associated bid price and each sell order has an associated offer price. A determination is made of whether the particular trading order is an outlying trading order by electronically determining whether the particular trading order differs from at least one comparison price by more than a threshold value. If it is determined that the particular trading is an outlying trading order, a restrictive action is taken regarding one or more trading orders. For example, if a trader subsequently submits another trading order that would trade with the outlying trading order, an electronic alert message may be sent to the trader and the subsequent trading order may be prevented from trading with the outlying trading order at least temporarily.
    Type: Application
    Filed: January 11, 2005
    Publication date: February 9, 2006
    Inventors: Joseph Noviello, Michael Sweeting, Howard Lutnick
  • Publication number: 20060015434
    Abstract: Systems and methods for a trading interface with advanced features are provided. Using these systems and methods, a user may create orders, manipulate orders, cancel orders, configure alternative keyboard settings, and/or obtain additional information on transactions. When a user clicks on a bid and/or offer, a dialog box may pop-up, thereby providing the user with multiple options. To enable customization of the keyboard settings to a user's preference, a keyboard settings feature is provided. Users may also be provided with additional information relating to the user's wish to transact.
    Type: Application
    Filed: September 16, 2005
    Publication date: January 19, 2006
    Inventors: Howard Lutnick, Glenn Kirwin, Joan Kirwin, Andrew Gilbert, Mary Gilbert
  • Publication number: 20060007160
    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: May 10, 2005
    Publication date: January 12, 2006
    Inventors: Howard Lutnick, Joseph Noviello
  • Patent number: 6963856
    Abstract: Data processing systems and methods for managing transactions in auction-based trading of specialized items such as fixed income instruments are presented. 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 configured program-controlled workstations. The protocol and its program-controlling logic improves trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.
    Type: Grant
    Filed: September 20, 2002
    Date of Patent: November 8, 2005
    Assignees: Cantor Fitzgerald, L.P., CEPH, LLC
    Inventors: Howard Lutnick, Stuart Fraser, Bijoy Paul
  • Publication number: 20050245305
    Abstract: A method of pari-mutuel betting is provided. Bets regarding the result of a game, such as a casino game for example, are received from a number of users. Each bet has a unit stake. One or more inputs for the game are determined based on event results from a sporting event. A result of the game is determined for a particular bet based at least on a set of rules associated with the game and the one or more determined inputs. If the particular bet is determined to be a winning bet based on the result of the game for the particular bet, a payout is determined for the particular bet based at least on the unit stake associated with the particular bet and the value of the pari-mutuel wager pool that includes at least a portion of the total of the unit stakes of the plurality of received bets.
    Type: Application
    Filed: April 29, 2004
    Publication date: November 3, 2005
    Inventors: Joseph Asher, Howard Lutnick