Patents by Inventor James Worden Toffey
James Worden Toffey 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).
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Patent number: 10740835Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: GrantFiled: April 29, 2014Date of Patent: August 11, 2020Assignee: REFINITIV US ORGANIZATION LLCInventors: Daniel R. Fitzpatrick, James Worden Toffey
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Publication number: 20140324664Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: ApplicationFiled: April 29, 2014Publication date: October 30, 2014Inventors: Daniel R. Fitzpatrick, James Worden Toffey
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Patent number: 8732063Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: GrantFiled: October 19, 2010Date of Patent: May 20, 2014Inventors: Daniel R. Fitzpatrick, James Worden Toffey
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Patent number: 8577780Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: GrantFiled: June 6, 2008Date of Patent: November 5, 2013Inventors: Daniel R. Fitzpatrick, James Worden Toffey
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Patent number: 8386373Abstract: In the financial-services industry, there are online centers that help brokers to match sellers and buyers of stock based on indications of interest (IOIs). However, at least some of these centers are not only limited in the types of IOIs that they provide, but also in the ways how they allow IOI senders to control IOI usage. Accordingly, to facilitate trades, one exemplary system provides an IOI which is associated with an online negotiation capability. Some versions of this system provide mechanisms for users, such as broker-dealers, to define different IOI response privileges for recipients of their IOIs. To reduce the market risks of failed negotiations, some versions provide automated features for comparing confidential information from traders and initiating online negotiations for stock transactions contingent on favorable comparisons.Type: GrantFiled: September 23, 2011Date of Patent: February 26, 2013Inventors: Daniel R. Fitzpatrick, Daniel Geoffrey Kramer, Robert Manuel Moitoso, James Worden Toffey
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Publication number: 20120011055Abstract: In the financial-services industry, there are online centers that help brokers to match sellers and buyers of stock based on indications of interest (IOIs). However, at least some of these centers are not only limited in the types of IOIs that they provide, but also in the ways how they allow IOI senders to control IOI usage. Accordingly, the present inventors devised, among other things, exemplary systems, methods, interfaces, and software that enhance the ability of such online centers, or financial-information systems, to facilitate trades. One exemplary system provides an IOI which is associated with an online negotiation capability. Some embodiments provide mechanisms for users, such as broker-dealers, to define different IOI response privileges for recipients of their IOIs.Type: ApplicationFiled: September 23, 2011Publication date: January 12, 2012Inventors: Daniel R. Fitzpatrick, Daniel Geoffrey Kramer, Robert Manuel Moitoso, James Worden Toffey
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Patent number: 8046290Abstract: In the financial-services industry, there are online centers that help brokers to match sellers and buyers of stock based on indications of interest (IOIs). However, at least some of these centers are not only limited in the types of IOIs that they provide, but also in the ways how they allow IOI senders to control IOI usage. Accordingly, to facilitate trades, one exemplary system provides an IOI which is associated with an online negotiation capability. Some versions of this system provide mechanisms for users, such as broker-dealers, to define different IOI response privileges for recipients of their IOIs. To reduce the market risks of failed negotiations, some versions provide automated features for comparing confidential information from traders and initiating online negotiations for stock transactions contingent on favorable comparisons.Type: GrantFiled: September 29, 2006Date of Patent: October 25, 2011Inventors: Daniel R. Fitzpatrick, Daniel Geoffrey Kramer, Robert Manuel Moitoso, James Worden Toffey
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Publication number: 20110093380Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: ApplicationFiled: October 19, 2010Publication date: April 21, 2011Inventors: Daniel R. Fitzpatrick, James Worden Toffey
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Patent number: 7882019Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: GrantFiled: July 23, 2010Date of Patent: February 1, 2011Assignee: Tradeweb Markets LLCInventor: James Worden Toffey
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Publication number: 20100287091Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: ApplicationFiled: July 23, 2010Publication date: November 11, 2010Inventor: James Worden Toffey
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Patent number: 7769678Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: GrantFiled: April 15, 2008Date of Patent: August 3, 2010Assignee: Tradeweb Markets LLCInventor: James Worden Toffey
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Patent number: 7756777Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to substantially all aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, one or more customers, one or more dealers and one or more prime brokers have access to computer software that facilitates trade order management, trade order generation, trade execution, trade allocation, allocation acknowledgement, trade confirmation, acquisition of settlement instructions, and the generation of progress reports based on specific metrics criteria. In said exemplary embodiment, the STP trading platform allows a prime broker to monitor and approve a trade where the STP trading platform includes software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: GrantFiled: May 22, 2008Date of Patent: July 13, 2010Assignee: Tradeweb Markets LLCInventors: James Worden Toffey, Thomas Garley
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Patent number: 7734518Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to substantially all aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, acquisition of settlement instructions, and the generation of progress reports based on specific metrics criteria. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: GrantFiled: March 25, 2005Date of Patent: June 8, 2010Assignee: Tradeweb Markets, LLCInventor: James Worden Toffey
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Publication number: 20090006236Abstract: Methods and Systems for routing an indication of interest message are provided in which one or more external trade messaging systems are monitored to discover and collect information related to a trading posture of a plurality of trading counterparties. The information related to the trading posture of the plurality of trading counterparties is stored in a database and accessed, upon receipt of an indication of interest message to intelligently route the indication of interest message to at least one of the plurality of trading counterparties based at least in part on the information regarding the trading posture of the plurality of trading counterparties stored in the database.Type: ApplicationFiled: June 6, 2008Publication date: January 1, 2009Inventors: Daniel R. Fitzpatrick, James Worden Toffey
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Publication number: 20080281750Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to substantially all aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, one or more customers, one or more dealers and one or more prime brokers have access to computer software that facilitates trade order management, trade order generation, trade execution, trade allocation, allocation acknowledgement, trade confirmation, acquisition of settlement instructions, and the generation of progress reports based on specific metrics criteria. In said exemplary embodiment, the STP trading platform allows a prime broker to monitor and approve a trade where the STP trading platform includes software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: ApplicationFiled: May 22, 2008Publication date: November 13, 2008Inventors: James Worden Toffey, Thomas Garley
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Publication number: 20080255999Abstract: A Straight-Through-Processing (STP) trading platform provides a fully electronic and seamless solution to all substantially aspects of the trading cycle for fixed income instruments and other financial instruments. In an exemplary embodiment, all participants to a trade transaction have access to computer software that facilitates trade order management, trade order generation, trade execution (including electronic axes), trade allocation, allocation acknowledgement, trade confirmation, and finally acquisition of settlement instructions. In said exemplary embodiment, the STP trading platform includes computer software modules including at least an account management module and an electronic trading module to handle the various stages of executing a trade, confirming the trade, and facilitating settlement of the trade.Type: ApplicationFiled: April 15, 2008Publication date: October 16, 2008Inventor: James Worden Toffey