Patents by Inventor Howard W. Lutnick

Howard W. 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).

  • Patent number: 11748808
    Abstract: A method and system for order management that allows access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Grant
    Filed: July 8, 2021
    Date of Patent: September 5, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Andrew Fishkind, Brian L. Gay, Kevin Foley, Mark Miller, Charles Plott
  • Publication number: 20230274609
    Abstract: In various embodiments, a player may play a simulation of a mobile gaming device over the Internet using a personal computer.
    Type: Application
    Filed: May 9, 2023
    Publication date: August 31, 2023
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman
  • Publication number: 20230274608
    Abstract: A convenience gaming system is provided. The convenience 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: November 23, 2022
    Publication date: August 31, 2023
    Inventors: Lee M. Amaitis, Joseph M. Asher, Howard W. Lutnick, Darrin M. Mylet, Alan B. Wilkins
  • Publication number: 20230260028
    Abstract: Systems and methods for providing trading exclusivity/priority in response to quantity of items traded in electronic trading systems is provided. The method preferably includes receiving an incoming order for the item and determining whether the incoming order matches a current order for the item and satisfies a minimum volume requirement. When the incoming order matches a current order for the item and satisfies a minimum volume requirement, the method includes transacting a trade between the incoming order and the current order and providing a predetermined time period of exclusive trading between a participant associated with the incoming order and a participant associated with the current order.
    Type: Application
    Filed: April 28, 2023
    Publication date: August 17, 2023
    Inventors: Howard W. Lutnick, Joseph C. Noviello, Michael Sweeting, Bijoy Paul
  • Patent number: 11727489
    Abstract: An electronic exchange platform configured to: receive respective list of approved Buyside participants for each of a plurality of marketmaking orders; receive a respective marketmaking order for a side of trades on the financial instrument from each of the plurality of Sellside participants; peg a price for the received marketmaking orders to a price relative to and multiple ticks behind a best price on the side in an order book; present market information to Buyside participants identifying marketmaking orders for which the Buyside participants are approved; receive a contra order from a Buyside participant that is approved to trade with a subset of the plurality of marketmaking orders, in which the contra order identifies preferred Sellside participants; distribute the contra order; and determine new best bid and offer in response to the distribution; and adjust remaining marketmaking offers to retain peg in response to determining new best bid or offer.
    Type: Grant
    Filed: July 29, 2022
    Date of Patent: August 15, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Michael Sweeting, Shaun Lynn, Philip Norton, Rich Winter
  • Publication number: 20230252571
    Abstract: Methods and systems are provided herewith for providing a financial instrument. In some embodiments, a processor may receive one or more performance parameters for determining a performance of an asset at one or more future times are received from one or more parties. The processor may receive a request to generate indicia of a financial instrument. The financial instrument may comprise a funding instrument that specifies rights and obligations of at least a first party and a second party respecting a funding contribution from the first party for funding an asset owned at least in part by the second party. The processor may determine a plurality of possible measurements of a future performance of the asset based at least in part on the received performance parameters. The processor may determine a conversion schedule for converting at least a portion of the first user's rights in the financial instrument into an equity component of the asset.
    Type: Application
    Filed: April 21, 2023
    Publication date: August 10, 2023
    Inventors: Howard W. Lutnick, Jonathan Rein
  • Patent number: 11720965
    Abstract: A system for managing trading orders comprises a memory to store a first trading order for a particular trading product, wherein the first trading order comprises display and reserve portions and is received from a first trader. The memory may store a second trading order for the particular trading product, wherein the second trading order comprises display and reserve portions and is received from a second trader after the first trading order. A processor of the system communicatively coupled to the memory may receive from a counterparty trader a counterorder for the trading product. The processor may use the counterorder to fill the display portions respectively of the first and second trading orders. After filling the display portion of the second trading order, the processor may exclusively offer at least a portion of the counterorder to the first trader for a configurable period of time.
    Type: Grant
    Filed: June 3, 2021
    Date of Patent: August 8, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Matthew W. Claus, Kevin M. Foley, Joseph C. Noviello, Howard W. Lutnick
  • Patent number: 11715116
    Abstract: Various systems and methods that may relate to referral and/or delivery services are described. Some embodiments may include incentivizing groups to meet goals. Various other embodiments are described.
    Type: Grant
    Filed: November 1, 2021
    Date of Patent: August 1, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Colin Sims, Ari Friedman, Richard Grech, Mark A. Miller
  • Patent number: 11710381
    Abstract: This disclosure provides a pari-mutuel wagering system that includes a first wagering facility communicably coupled with a network and operable to receive a bet on a wagering event hosted by a second wagering facility. The first wagering facility is further operable to transmit the bet to the second wagering facility via the network. The system further includes a clearinghouse communicably coupled with the network and operable to capture audit information associated with the bet from the network.
    Type: Grant
    Filed: March 1, 2021
    Date of Patent: July 25, 2023
    Assignee: CFPH, LLC
    Inventors: Joseph M. Asher, Howard W. Lutnick
  • Publication number: 20230226439
    Abstract: In various embodiments, a player may participate in a game of a top performing player.
    Type: Application
    Filed: February 17, 2023
    Publication date: July 20, 2023
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman, Kevin Burman
  • Publication number: 20230230452
    Abstract: In various embodiments, a secondary player may make a bet that pays based on aggregate data from multiple games of primary players.
    Type: Application
    Filed: March 27, 2023
    Publication date: July 20, 2023
    Inventors: Howard W. Lutnick, Dean Alderucci, Geoffrey M. Gelman
  • Patent number: 11704017
    Abstract: The present invention relates to systems and methods for providing customized keyboards for receiving user inputs, and view regions for displaying information for users in useful arrangements. Such keyboards include keys that are pre-programmed to reflect the issues present in each trading pane of the view regions. Using such keys, a user may direct the trading application to quickly and efficiently switch between multiple issues, and place, manipulate or cancel orders on them. The keyboard may also be designed such that multiple keys may be disabled, replaced or mapped to perform different functions.
    Type: Grant
    Filed: May 24, 2021
    Date of Patent: July 18, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Joseph C. Noviello, Michael Sweeting, Lee M. Amaitis, James C. Johnson
  • Patent number: 11704964
    Abstract: In various embodiments, promotions are featured on mobile gaming devices.
    Type: Grant
    Filed: January 25, 2021
    Date of Patent: July 18, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Kevin Burman, Dean P. Alderucci, Geoffrey M. Gelman, Antonio Papageorgiou, Joseph M. Asher
  • Patent number: 11704603
    Abstract: Methods and corresponding system are provided herewith that, in at least one embodiment, include the act or acts of: determining that a service provided by a restaurant is available for bidding. The service is provided for a particular time and a particular date. The methods and system also include receiving a bid for the service provided by the restaurant, in which the bid is associated with a first amount; storing the bid with a plurality of other bids in a storage device; and comparing the bid with at least one other bid that is submitted for reserving the service. The at least one other bid is associated with a second amount. The methods and system also include determining that the first amount is greater than the second amount; and outputting an indicia that grants the request to reserve the service provided by the restaurant to a highest bidder, in which the first amount submitted by the highest bidder is greater than the second amount.
    Type: Grant
    Filed: September 3, 2020
    Date of Patent: July 18, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean P. Alderucci
  • Publication number: 20230222565
    Abstract: Various systems and methods that may relate to referral and/or delivery services are described. Some embodiments may include receiving from a user on a remote device an order for delivery of a plurality of items. Each item comprises a unique identifier. Embodiments also may include determining a location of the user; identifying at least two providers located within a radius of the user, in which each provider is capable of delivering the requested items; computing for each provider a total cost of delivery of the requested items; receive a request for a first provider to deliver the requested item; and facilitate delivery of the items.
    Type: Application
    Filed: January 6, 2023
    Publication date: July 13, 2023
    Inventors: Howard W. Lutnick, Colin Sims, Ari Friedman, Mark Miller
  • Patent number: 11699164
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Grant
    Filed: August 12, 2021
    Date of Patent: July 11, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 11699325
    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: Grant
    Filed: February 28, 2022
    Date of Patent: July 11, 2023
    Assignee: CANTOR INDEX, LLC
    Inventors: Joseph M. Asher, Howard W. Lutnick
  • Publication number: 20230213496
    Abstract: Products and processes are provided herewith for analyzing octane content in a fuel sample that include the step or steps of receiving an octane measurement of a fuel sample from an octane analyzer, rounding the octane measurement to a nearest recognized octane rating, comparing the rounded octane measurement with a listed octane rating for the fuel sample, and communicating results of the comparison to a user of the octane analyzer. The octane analyzer may be incorporated into a fuel pump or a vehicle. The results of the comparison may also be used to adjust the vehicle operating parameters to account for the actual octane rating of the fuel dispensed into the vehicle.
    Type: Application
    Filed: March 10, 2023
    Publication date: July 6, 2023
    Inventors: Howard W. Lutnick, Antonio Papageorgiou
  • Publication number: 20230214924
    Abstract: A computer-based transaction system manages representations of a plurality of positions in a first type of financial instrument, such as bond future contracts. The transaction system, at a first predetermined time, converts each position in the first type of financial instrument into a corresponding position in a second type of financial instrument, such as bonds. At a second predetermined time that is after the first predetermined time, the transaction system converts each position in the second type of financial instrument into a position in the first type of financial instrument.
    Type: Application
    Filed: February 3, 2023
    Publication date: July 6, 2023
    Inventors: Howard W. Lutnick, Michael Sweeting, Joseph C. Noviello
  • Patent number: 11694519
    Abstract: Systems and methods related to gaming based on the results at intervals of a race. Other embodiments are disclosed.
    Type: Grant
    Filed: March 26, 2021
    Date of Patent: July 4, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Mark Miller