Patents by Inventor Joseph Noviello

Joseph Noviello 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: 12086864
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Grant
    Filed: October 31, 2023
    Date of Patent: September 10, 2024
    Assignee: Nasdaq, Inc.
    Inventors: Joseph Noviello, Steven Cooper, Leo Golubovsky, Chung-Sin Wang, Jonathan Wakefield
  • Publication number: 20240242280
    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: March 27, 2024
    Publication date: July 18, 2024
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, James P. Stedman, William P. Gill, Atul Bhatia, Daniel L. Eccleston, James L. Davies
  • Patent number: 12033112
    Abstract: Systems and methods are provided for managing orders and aggregating market data across a plurality of liquidity sources via an order router and market aggregator that is tightly integrated with a matching engine for substantially synchronous activity.
    Type: Grant
    Filed: January 19, 2021
    Date of Patent: July 9, 2024
    Assignee: Tradeweb Markets LLC
    Inventors: Peter Francis Nabicht, Joseph Noviello
  • Publication number: 20240104658
    Abstract: Systems and methods may maintain the viability of a market order type in fluctuating markets. 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: December 11, 2023
    Publication date: March 28, 2024
    Inventors: Howard W. Lutnick, Michael Sweeting, Joseph Noviello
  • Publication number: 20240070785
    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: November 7, 2023
    Publication date: February 29, 2024
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Publication number: 20240062272
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Application
    Filed: October 31, 2023
    Publication date: February 22, 2024
    Inventors: Joseph NOVIELLO, Steven COOPER, Leo GOLUBOVSKY, Chung-Sin WANG, Jonathan WAKEFIELD
  • Patent number: 11847701
    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: July 29, 2022
    Date of Patent: December 19, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Michael Sweeting
  • Patent number: 11830060
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Grant
    Filed: October 18, 2022
    Date of Patent: November 28, 2023
    Assignee: NASDAQ, INC.
    Inventors: Joseph Noviello, Steven Cooper, Leo Golubovsky, Chung-Sin Wang, Jonathan Wakefield
  • Publication number: 20230316383
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Application
    Filed: June 7, 2023
    Publication date: October 5, 2023
    Inventors: Steven COOPER, Joseph NOVIELLO, Leo GOLUBOVSKY, Chung-Sin WANG, Matthew CLAUS
  • Patent number: 11704720
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Grant
    Filed: May 21, 2021
    Date of Patent: July 18, 2023
    Assignee: NASDAQ, INC.
    Inventors: Steven Cooper, Joseph Noviello, Leo Golubovsky, Chung-Sin Wang, Matthew Claus
  • 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: 20230110844
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Application
    Filed: October 18, 2022
    Publication date: April 13, 2023
    Inventors: Joseph NOVIELLO, Steven COOPER, Leo GOLUBOVSKY, Chung-Sin WANG, Jonathan WAKEFIELD
  • Publication number: 20220374987
    Abstract: Systems and methods may maintain the viability of a market order type in fluctuating markets. 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, 2022
    Publication date: November 24, 2022
    Inventors: Howard W. Lutnick, Michael Sweeting, Joseph Noviello
  • Patent number: 11507998
    Abstract: A computer system is provided that includes a paired list of data transaction requests on which a matching process is performed. There are multiple different types of data transaction requests that are stored in the paired list including data transaction requests with midpoint attributes and data transaction requests with discretion attributes. The computer system may determine how the multiple different types of data transaction requests may be match against each other. Two matching processes can be used to determine if a match exists between the first and second sides of the paired list. Matches that are determined at private values are not disseminated to third-parties via public market data feeds.
    Type: Grant
    Filed: March 31, 2021
    Date of Patent: November 22, 2022
    Assignee: NASDAQ, INC.
    Inventors: Joseph Noviello, Steven Cooper, Leo Golubovsky, Chung-Sin Wang, Jonathan Wakefield
  • 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
  • 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: 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: 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
  • Patent number: 11397987
    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: Grant
    Filed: March 16, 2020
    Date of Patent: July 26, 2022
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Kevin M. Foley, Joseph Noviello, Lon Steger, Matthew Claus, Michael Sweeting
  • Publication number: 20210407003
    Abstract: Systems and methods for a trading interface with advanced features are provided. Along with providing the benchmark issue and non-benchmark issues, the trading application may also provide the trader with the ability to obtain trading information (e.g., another quad) for each of the related U.S. Treasury swaps (“T-swaps”), off-the-runs, yield curve T-swaps, and basis. In some embodiments, the trader may be provided with a customized keyboard to navigate through the trading interface. The keyboard preferably includes keys that allow the trader to quickly and efficiently switch between multiple issues in a quad. Using the keyboard, the trader may also be provided with price improvement functionality and direct dealing functionality. In some embodiments, the trading application may simultaneously display a DD ticker along with the trading quadrant that provides the trader with the progression of the direct dealings of the selected issue.
    Type: Application
    Filed: July 8, 2021
    Publication date: December 30, 2021
    Inventors: Howard W. Lutnick, Joseph Noviello, Michael Sweeting, Lee Amaitis, Jim Johnson