Patents by Inventor Kevin Foley

Kevin Foley 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: 20210166316
    Abstract: A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.
    Type: Application
    Filed: February 11, 2021
    Publication date: June 3, 2021
    Inventors: Peter McGovern, Kevin Foley
  • Patent number: 11023971
    Abstract: Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.
    Type: Grant
    Filed: November 13, 2018
    Date of Patent: June 1, 2021
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Mark Miller, Andrew Fishkind, Kevin Foley, William Rice, Brian L. Gay, Philip Marber, Charles Plott
  • Publication number: 20210056633
    Abstract: Various embodiments are directed to systems and methods for processing a discretion order in a dark pool matching environment. A first order to buy or sell a trading product is received from a computer of a first trader. The first order has a first price and a first size. A second order to buy or sell the trading product that is contra to the first order is received from a second trader. The second order defines a second quantity and a price range of possible prices at which the second order can be executed. The price range comprises at least a second price. The second quantity of the trading product is reserved in an OMS of the second trader such that the second quantity of the second order is permitted by the OMS to be executed at any price within the price range. The second order is received before or after the first order is received. A processor determines that the first price of the first order is within the price range of the second order.
    Type: Application
    Filed: November 6, 2020
    Publication date: February 25, 2021
    Inventor: Kevin Foley
  • Patent number: 10922752
    Abstract: A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.
    Type: Grant
    Filed: November 5, 2018
    Date of Patent: February 16, 2021
    Assignee: CFPH, LLC
    Inventors: Peter McGovern, Kevin Foley
  • Publication number: 20210042833
    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: October 23, 2020
    Publication date: February 11, 2021
    Inventors: Dean P. Alderucci, Charles Plott, Mark Miller, Howard W. Lutnick, Andrew Fishkind, Brian Gay, Kevin Foley
  • Publication number: 20210004905
    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: September 23, 2020
    Publication date: January 7, 2021
    Inventors: Howard W. Lutnick, Mark Miller, Dean P. Alderucci, Bill Rice, Kevin Foley, Andrew Fishkind, Philip Marber, Brian Gay
  • Patent number: 10832324
    Abstract: Various embodiments are directed to systems and methods for processing a discretion order in a dark pool matching environment. A first order to buy or sell a trading product is received from a computer of a first trader. The first order has a first price and a first size. A second order to buy or sell the trading product that is contra to the first order is received from a second trader. The second order defines a second quantity and a price range of possible prices at which the second order can be executed. The price range comprises at least a second price. The second quantity of the trading product is reserved in an OMS of the second trader such that the second quantity of the second order is permitted by the OMS to be executed at any price within the price range. The second order is received before or after the first order is received. A processor determines that the first price of the first order is within the price range of the second order.
    Type: Grant
    Filed: April 30, 2015
    Date of Patent: November 10, 2020
    Assignee: CFPH, LLC
    Inventor: Kevin Foley
  • Patent number: 10817939
    Abstract: A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Grant
    Filed: March 9, 2015
    Date of Patent: October 27, 2020
    Assignee: CFPH, LLC
    Inventors: Dean P. Alderucci, Charles Plott, Mark Miller, Howard W. Lutnick, Andrew Fishkind, Brian Gay, Kevin Foley
  • Publication number: 20200242695
    Abstract: A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Application
    Filed: April 13, 2020
    Publication date: July 30, 2020
    Inventors: Howard W. Lutnick, Mark Miller, Kevin Foley, Brian Gay, Andrew Fishkind
  • Publication number: 20200242694
    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: March 24, 2020
    Publication date: July 30, 2020
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Andrew Fishkind, Brian L. Gay, Kevin Foley, Mark Miller, Charles Plott
  • Publication number: 20200234369
    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 7, 2020
    Publication date: July 23, 2020
    Inventors: Howard W. Lutnick, Kevin Foley, Philip Marber, Bill Rice, Andrew Fishkind
  • Publication number: 20200202435
    Abstract: A trading platform and trading method that may allow access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Application
    Filed: December 27, 2019
    Publication date: June 25, 2020
    Inventors: HOWARD W. LUTNICK, Mark Miller, Kevin Foley, Brian Gay, Andrew Fishkind
  • Patent number: 10636091
    Abstract: A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Grant
    Filed: March 6, 2019
    Date of Patent: April 28, 2020
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Kevin Foley, Philip Marber, Bill Rice, Andrew Fishkind
  • Publication number: 20200065902
    Abstract: A method of operating a distributed trading platform may include monitoring, over a communication network in real time, trading activity information indicating trading activities of respective second participants, in which the second participants are liquidity takers; determining in real time toxicity ratings respectively for the second participants; receiving, over the communication network from a first participant system of a liquidity provider, a first order; and automatically in response to receiving the first order and in real time, determining toxicity augments from the toxicity ratings respectively of the second participants, and transmitting, over the communication network, first order display information to second participant systems respectively of the second participants, to cause display on a graphical user interface (GUI) of a display of each second participant system of the second participant systems of an indication of the first order with the toxicity augment corresponding to the second partic
    Type: Application
    Filed: August 23, 2019
    Publication date: February 27, 2020
    Inventor: Kevin FOLEY
  • Publication number: 20190266670
    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: March 6, 2019
    Publication date: August 29, 2019
    Inventors: Howard W. Lutnick, Kevin Foley, Philip Marber, Bill Rice, Andrew Fishkind
  • Publication number: 20190220927
    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: January 14, 2019
    Publication date: July 18, 2019
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Andrew Fishkind, Brian L. Gay, Kevin Foley, Mark Miller, Charles Plott
  • Publication number: 20190147533
    Abstract: Systems and methods for administering trade orders are described. An embodiment comprises receiving, from a first server operated by a first trader, a communication including a first trade order and one or more selection criteria, the first trade order including at least one of a specified instrument, a specified quantity, and a specified price; determining that a database of trade orders does not contain a trade order matching the first trade order; identifying a plurality of traders satisfying the selection criteria; sending, to a plurality of second servers, a query including at least one of the specified instrument, the specified quantity, and the specified price; receiving, from a one of the plurality of second servers operated on behalf of a second trader, a positive response to the query; and facilitating execution of a trade between the first trader and the second trader for the specified instrument at the specified price.
    Type: Application
    Filed: November 13, 2018
    Publication date: May 16, 2019
    Inventors: Howard W. Lutnick, Dean P. Alderucci, Mark Miller, Andrew Fishkind, Kevin Foley, William Rice, Brian L. Gay, Philip Marber, Charles Plott
  • Patent number: 10262366
    Abstract: A trading platform and trading method that allows access to additional pools of liquidity is described. Other embodiments are also described.
    Type: Grant
    Filed: September 13, 2012
    Date of Patent: April 16, 2019
    Assignee: CFPH, LLC
    Inventors: Howard W. Lutnick, Kevin Foley, Philip Marber, Bill Rice, Andrew Fishkind
  • Publication number: 20190073721
    Abstract: A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.
    Type: Application
    Filed: November 5, 2018
    Publication date: March 7, 2019
    Inventors: Peter McGovern, Kevin Foley
  • Patent number: D834828
    Type: Grant
    Filed: February 5, 2016
    Date of Patent: December 4, 2018
    Assignee: Radius Corporation
    Inventors: Kevin Foley, James Eldon