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).

  • Publication number: 20230196462
    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: February 15, 2023
    Publication date: June 22, 2023
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20230196869
    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: February 17, 2023
    Publication date: June 22, 2023
    Inventors: Lee M. Amaitis, Joseph M. Asher, Howard W. Lutnick, Darrin M. Mylet
  • Publication number: 20230169590
    Abstract: An electronic trading system including various rules is described herein. Many of the rules relate to implementing periods of exclusive priority in trading. For example, in one of the rules, an exclusive period of trading may be controlled by an aggressor and a designated passive participant. The aggressor may have exclusive rights on his side of the trade at a particular price point for a particular time. The aggressor may elect to change the price point at which he controls the trade to a new price point which is more favorable to him. Thereafter, another participant may assume the exclusivity of the trade by entering the trade on the same side of the aggressor at the old price point. In so doing, the other participant also preferably truncates the aggressor's exclusivity at the new price point.
    Type: Application
    Filed: January 13, 2023
    Publication date: June 1, 2023
    Inventors: Howard W. Lutnick, Michael Sweeting
  • Patent number: 11663667
    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: Grant
    Filed: January 25, 2021
    Date of Patent: May 30, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Jonathan Rein
  • Publication number: 20230154289
    Abstract: According to an embodiment, a method includes receiving a plurality of bets, in which each bet defines a respective amounted wagered, a respective area, and a respective weather-related event. Data that represents the plurality of bets is displayed. An outcome of a weather-related event is determined and at least one winner is determined based on the bets and the outcome.
    Type: Application
    Filed: January 20, 2023
    Publication date: May 18, 2023
    Inventor: Howard W. Lutnick
  • Patent number: 11651423
    Abstract: An apparatus for processing trading orders comprises a memory and a processor. The memory stores a first order and a second order. The first order is associated with a product and comprises a displayed quantity and a reserved quantity. The second order is associated with the product and comprises a displayed quantity and a reserved quantity. The processor is coupled to the memory and receives a counterorder associated with the product. The processor fills the displayed quantity of the first order with a corresponding portion of the counterorder, and fills the displayed quantity of the second order with a corresponding portion of the counterorder. The processor allocates a first additional portion of the counterorder to the first order. The first additional portion is based at least in part on a ratio of the displayed quantity of the first order to a sum of the displayed quantity of the first order and the displayed quantity of the second order.
    Type: Grant
    Filed: August 12, 2021
    Date of Patent: May 16, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Matthew W. Claus, Kevin M. Foley, Joseph C. Noviello, Howard W. Lutnick
  • Patent number: 11651647
    Abstract: In various embodiments, a player may play a simulation of a mobile gaming device over the Internet using a personal computer.
    Type: Grant
    Filed: October 19, 2020
    Date of Patent: May 16, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman
  • Publication number: 20230148401
    Abstract: An electronic trading marketplace (ETM) communicates with interfacing modules interfacing directly with order management systems (OMS's) at trading institutions. The interfacing modules automatically transmit orders from the OMS databases to the ETM and update the OMS databases in response to orders executed at the ETM. Traders can communicate with the ETM to anonymously negotiate trades of securities.
    Type: Application
    Filed: January 4, 2023
    Publication date: May 11, 2023
    Inventors: Howard W. Lutnick, Mark Miller, Dean P. Alderucci, William Rice, Kevin Foley, Andrew Fishkind, Philip Marber, Brian Gay
  • Publication number: 20230144731
    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: December 1, 2022
    Publication date: May 11, 2023
    Inventors: Howard W. Lutnick, Michael Sweeting, Joseph C. Noviello
  • Publication number: 20230126128
    Abstract: Various embodiments of exchanges are described. Methods and other embodiments are also described.
    Type: Application
    Filed: December 21, 2022
    Publication date: April 27, 2023
    Inventors: Howard W. Lutnick, Bijoy Paul, Michael Sweeting
  • Patent number: 11636727
    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: Grant
    Filed: April 7, 2014
    Date of Patent: April 25, 2023
    Inventors: Lee M. Amaitis, Joseph M. Asher, Robert F. Bahrampour, Darrin M. Mylet, Alan B. Wilkins, Howard W. Lutnick
  • Publication number: 20230120333
    Abstract: Various systems and methods that may relate to referral and/or delivery services are described. Some embodiments may include syndicating service providers for orders to a plurality of providers, in store delivery options, mobile device ordering, price arbitrage and/or other elements. Various other embodiments are described.
    Type: Application
    Filed: December 22, 2022
    Publication date: April 20, 2023
    Inventors: Howard W. Lutnick, Colin Sims, Ari Friedman, Mark A. Miller
  • Publication number: 20230112585
    Abstract: In various embodiments, players around the casino may predict cards to be dealt in a game of blackjack.
    Type: Application
    Filed: November 14, 2022
    Publication date: April 13, 2023
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman, Kevin Burman
  • Publication number: 20230116472
    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: December 13, 2022
    Publication date: April 13, 2023
    Inventors: Howard W. Lutnick, Stuart A. Hersch
  • Publication number: 20230101655
    Abstract: A method of trading includes performing a transaction of a futures contract between a buyer and a seller. The futures contract is associated with at least one entertainment event and comprises a purchase price and a settlement date. The method concludes by performing a settlement of the futures contract based at least in part upon the purchase price and a value associated with the entertainment event at the settlement date. The entertainment event is associated with a security and the transaction of the futures contract is performed in conjunction with the issuance of the security to the seller.
    Type: Application
    Filed: December 5, 2022
    Publication date: March 30, 2023
    Inventors: Joseph M. Asher, Stuart A. Hersch, James J. Lefkowitz, Gregory P. Manning, Howard W. Lutnick
  • Patent number: 11615673
    Abstract: In various embodiments, a secondary player may make a bet that pays based on aggregate data from multiple games of primary players.
    Type: Grant
    Filed: August 14, 2020
    Date of Patent: March 28, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean Alderucci, Geoffrey M. Gelman
  • Publication number: 20230086048
    Abstract: Disclosure includes selecting a merchant from a plurality of merchants, enabling a trial mode for the merchant, during the trial mode, receiving an indication of a first order for the merchant, forwarding the indication of the first order to the merchant, allocating a first payment for the first order to the merchant, requesting an acceptance of a membership status from the merchant, and receiving an indication of the payment for the first order.
    Type: Application
    Filed: November 23, 2022
    Publication date: March 23, 2023
    Inventor: Howard W. Lutnick
  • Publication number: 20230085241
    Abstract: In various embodiments player may participate in gaming related activities using a terminal with multiple display screens.
    Type: Application
    Filed: June 13, 2022
    Publication date: March 16, 2023
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman
  • Patent number: 11604181
    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 a 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: Grant
    Filed: March 12, 2021
    Date of Patent: March 14, 2023
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Antonio Papageorgiou
  • Publication number: 20230074412
    Abstract: In various embodiments, promotions are featured on mobile gaming devices.
    Type: Application
    Filed: November 14, 2022
    Publication date: March 9, 2023
    Inventors: Howard W. Lutnick, Kevin Burman, Dean P. Alderucci, Geoffrey M. Gelman, Joseph M. Asher