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: 20220366498
    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: July 29, 2022
    Publication date: November 17, 2022
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Patent number: 11501609
    Abstract: In various embodiments, players around the casino may predict cards to be dealt in a game of blackjack.
    Type: Grant
    Filed: September 14, 2020
    Date of Patent: November 15, 2022
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman, Kevin Burman
  • Patent number: 11501606
    Abstract: In various embodiments, promotions are featured on mobile gaming devices.
    Type: Grant
    Filed: March 19, 2021
    Date of Patent: November 15, 2022
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Kevin Burman, Dean P. Alderucci, Geoffrey M. Gelman, Joseph M. Asher
  • Publication number: 20220358593
    Abstract: A user interface for use with an electronic trading system includes a display that shows a bid price axis and an ask price axis, as well as corresponding sizes, and a visual indicator of the inside market. When the inside market changes in response to changing market conditions, the display of the inside market clearly shows a spatial movement of the inside market as well as the representative price(s) associated therewith, thereby rendering the two price axis dynamic axis. The user interface is easy to use, intuitive as well as customizable, and contains features that facilitate efficient electronic trading and shows trading activity pertaining to the user as well as the market in general.
    Type: Application
    Filed: July 26, 2022
    Publication date: November 10, 2022
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, James P. Stedman, William P. Gill, Atul Bhatia, Daniel L. Eccleston, James L. Davies
  • Publication number: 20220358591
    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: July 25, 2022
    Publication date: November 10, 2022
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph C. Noviello, Lon Steger, Matthew Claus, Michael Sweeting
  • Publication number: 20220343426
    Abstract: A trading platform and trading method that permit calculation of a price is described. Other embodiments are also described.
    Type: Application
    Filed: July 7, 2022
    Publication date: October 27, 2022
    Inventors: Howard W. Lutnick, Lawrence Tint
  • Publication number: 20220327622
    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: June 29, 2022
    Publication date: October 13, 2022
    Inventors: Howard W. Lutnick, Joseph C. Noviello, Michael Sweeting, Bijoy Paul
  • Publication number: 20220327618
    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: June 17, 2022
    Publication date: October 13, 2022
    Inventors: Howard W. Lutnick, Mark Miller, Dean P. Alderucci, William Rice, Kevin Foley, Andrew Fishkind, Philip Marber, Brian Gay
  • Publication number: 20220327630
    Abstract: A method comprising receiving at least one document that is associated with a life insurance policy; assigning a respective value to each of the at least one document, in which the value indicates a level of importance; determining a summation of the at least one document; determining an indication for the life insurance policy, in which the indication is based on the summation of the at least one document and at least one of the values; and displaying the indication.
    Type: Application
    Filed: June 29, 2022
    Publication date: October 13, 2022
    Inventors: Howard W. Lutnick, Stuart A. Hersch, Laurence Rose
  • Publication number: 20220300987
    Abstract: Various techniques of distributing revenue and/or other money, selecting/bonding delivery agents, and performing other tasks are providing herein. Methods include distributing portions of loan payments to one or more referrers associated with one or more loans, bonding of delivery agents, selecting delivery agents, allocating portions of credit card payments and/or sharing advertisement revenue. Other apparatus and methods are disclosed.
    Type: Application
    Filed: June 10, 2022
    Publication date: September 22, 2022
    Inventor: Howard W. Lutnick
  • Publication number: 20220301058
    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: June 6, 2022
    Publication date: September 22, 2022
    Inventors: Joseph C. Noviello, Michael Sweeting, Howard W. Lutnick
  • Publication number: 20220292922
    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: February 28, 2022
    Publication date: September 15, 2022
    Inventors: Joseph M. Asher, Howard W. Lutnick
  • Publication number: 20220292920
    Abstract: Various embodiments may include an apparatus operable to determine a value of a statistic describing cards that have been dealt from a deck.
    Type: Application
    Filed: September 27, 2021
    Publication date: September 15, 2022
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Geoffrey M. Gelman, Stephen Merkel
  • Publication number: 20220284775
    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: May 27, 2022
    Publication date: September 8, 2022
    Inventors: Lee M. Amaitis, Joseph M. Asher, Robert F. Bahrampour, Darrin M. Mylet, Alan B. Wilkins, Howard W. Lutnick
  • Publication number: 20220284478
    Abstract: In various embodiments, promotions are featured on mobile gaming devices. Data based on which a first promotion associated with a first advertiser may be displayed on a mobile gaming device. The data may include a first set of criteria identifying when the first promotion should be displayed.
    Type: Application
    Filed: May 23, 2022
    Publication date: September 8, 2022
    Inventors: Howard W. Lutnick, Kevin Burman, Dean P. Alderucci, Geoffrey M. Gelman, Antonio Papageorgiou, Mark Miller
  • Publication number: 20220261911
    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: May 6, 2022
    Publication date: August 18, 2022
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Patent number: 11416928
    Abstract: An exchange through which swap contracts may be traded. Embodiments may allow a trader to announce a potential crossing before the crossing is requested. The user may then request the crossing between two parties. An announcement window may be kept open through a chaining of announcements. An interloper with a same price but better time than a party to the cross may be kept out of interloping in the cross. A ticker symbol system may list a clearinghouse to be used to execute a requested cross.
    Type: Grant
    Filed: October 23, 2014
    Date of Patent: August 16, 2022
    Assignee: BGC PARTNERS, INC.
    Inventors: Rich Jaycobs, Howard W. Lutnick, Mike Sweeting
  • Publication number: 20220253935
    Abstract: A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Application
    Filed: April 14, 2022
    Publication date: August 11, 2022
    Inventors: Howard W. Lutnick, Kevin Foley, Andrew Fishkind, Philip Marber, Bill Rice
  • Patent number: 11403705
    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 6, 2020
    Date of Patent: August 2, 2022
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Michael Sweeting, Shaun Lynn, Philip Norton, Rich Winter
  • Patent number: 11403704
    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: Grant
    Filed: December 3, 2019
    Date of Patent: August 2, 2022
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting