Patents by Inventor Michael J. Burns

Michael J. Burns 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).

  • System and Method for Displaying Risk Data in an Electronic Trading Environment
    Publication number: 20140379548
    Abstract: An example graphical interface and method for displaying risk related data are described. One example graphical interface includes a data structure comprising a plurality of data nodes and at least one risk data point associated with each node, and further comprises a display grid. The display grid includes one or more cells that are used for displaying selected data nodes and risk data points. Each cell may be associated with a single data node, and may include one or more identifiers corresponding to risk data points of the data node. In one example embodiment, the identifiers are aligned along a single axis, and risk related data corresponding to each identifier is aligned with respect to each corresponding identifier.
    Type: Application
    Filed: May 29, 2014
    Publication date: December 25, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Robert A. West, Michael J. Burns
  • System and Method for Estimating Order Position
    Publication number: 20140351111
    Abstract: A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.
    Type: Application
    Filed: May 16, 2014
    Publication date: November 27, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Robert A. West, Ryan N. Andrews, Jens-Uwe Schluetter, David W. Garrison, Michael J. Burns
  • Distributed Server Side Device Architecture
    Publication number: 20140344136
    Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.
    Type: Application
    Filed: June 9, 2014
    Publication date: November 20, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Method and Apparatus for Providing Order Queue Information
    Publication number: 20140337195
    Abstract: A system and method for providing market information are disclosed. In this application, updates are received for a tradable object at a price level from at least one exchange. To the extent that the updates do not include enough details to compute the number of orders resting at a particular price level in a market, estimation may be used to provide order queue information. As a result, the number of orders which are pending in the market at various price levels may be determined using the techniques described herein. The interface disclosed herein may be used to display the number and/or quantity of the orders in the order queue.
    Type: Application
    Filed: April 11, 2014
    Publication date: November 13, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Ryan N. Andrews, Robert A. West, Jens-Uwe Schluetter, David W. Garrison, Michael J. Burns
  • SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT
    Publication number: 20140337199
    Abstract: A system and method are provided for displaying a trading screen and placing an order in an electronic trading environment. The system and method may be used to assist a trader in selecting an item of interest, such as the inside market (best bid and best ask) to be displayed relative to a user configured location on the trading screen, such as the center of the trading screen. In a preferred embodiment, the inside market will stay located relative to center of the trading screen and the price levels associated to the inside market will move as the market conditions fluctuate. Other features and advantages are described herein.
    Type: Application
    Filed: May 22, 2014
    Publication date: November 13, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Robert A. West, Michael J. Burns
  • NANOSCALE COAXIAL ELECTRODE ARRAYS AND METHODS THEREOF
    Publication number: 20140329707
    Abstract: The invention provides novel devices and methods that enable ultrahigh spatial and temporal resolution interfaces that allow access and intervention to local (intra- and proximate extra-neuronal) neuroelectronic and neurotransmitter molecular signatures associated with aberrant cell function and cell death leading to neurodegenerative diseases. Scalable devices based on a unique nanocoaxial electrode array of the invention offer neural recording and control at unprecedented levels of precisions.
    Type: Application
    Filed: May 5, 2014
    Publication date: November 6, 2014
    Inventors: Michael J. Naughton, Thomas C. Chiles, Michael J. Burns, John P. Christianson, Jeffrey R. Naughton, Binod Rizal
  • Trading Tools for Electronic Trading
    Publication number: 20140324665
    Abstract: Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market.
    Type: Application
    Filed: July 3, 2014
    Publication date: October 30, 2014
    Inventors: Gary Allan Kemp, II, Jens-Uwe Schluetter, Harris C. Brumfield, Michael J. Burns, Scott F. Singer
  • Systems and methods for multiplier-adjusted lean levels for trading strategies
    Patent number: 8856041
    Abstract: Certain embodiments provide a method for trading in an electronic trading environment including receiving market data relating to a plurality of tradeable objects; sending a order to an exchange for the first tradeable object at a quoted price; receiving a fill confirmation for the quoting order at a filled price; determining a difference between the quoted price and the filled price; determining a hedge price for each of the plurality of tradeable objects other than the first tradeable object based at least in part on the difference and at least one multiplier associated with at least one leg of the trading strategy; and sending hedge orders for each of the plurality of tradeable objects other than the first tradeable object at the corresponding hedge price. The plurality of tradeable objects includes at least a first, second, and third tradeable object, which are traded as legs of a trading strategy.
    Type: Grant
    Filed: August 5, 2013
    Date of Patent: October 7, 2014
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • METHOD, APPARATUS AND INTERFACE FOR TRADING MULTIPLE TRADEABLE OBJECTS
    Publication number: 20140297508
    Abstract: An interface for trading multiple tradeable objects includes a price axis or scale. A first indication of quantities represented in a market for a first tradeable object is displayed in association with the price axis or scale. A second indication of quantities represented in the market for a second tradeable object is displayed in association with the price axis or scale. The first tradeable object may be different than the second tradeable object. Alternatively, the first tradeable object and the second tradeable object may be the same, but the indications of quantity may be provided from different sources, such as different exchanges.
    Type: Application
    Filed: June 12, 2014
    Publication date: October 2, 2014
    Inventor: Michael J. Burns
  • Charting Multiple Markets
    Publication number: 20140279345
    Abstract: The present embodiments relate to charting multiple markets. In some embodiments, charting multiple markets may include receiving market data for a plurality of tradeable objects. The plurality of tradeable objects may include an anchor object and at least one non-anchor object. The market data may include anchor object price data for the anchor object and non-anchor price data for the at least one non-anchor object. The non-anchor object price data may be converted based on the anchor object price data such that converted non-anchor object price data has a price scale of the anchor object price data. The anchor object price data and the non-anchor object price data may be displayed along a normalized price axis.
    Type: Application
    Filed: March 15, 2013
    Publication date: September 18, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Douglas R. Duquette, Brian J. Buck
  • System and Method for Displaying Money Management Information in an Electronic Trading Environment
    Publication number: 20140279374
    Abstract: A system and method for displaying a plurality of profit and risk related indicators are described. A graphical interface displays and dynamically updates a plurality of profit/loss (P/L) indicators including a realized, net, and open indicator. The net and open indicators are based on a trader's net position and a current market level, while the realized indicator is based on trader's buys and sells associated with a tradeable objects. In one embodiment, the plurality of indicators are displayed in relation to a plurality of money management regions defining a maximum order quantity and a maximum net position controlling the trader's trades, so that a trader can quickly determine his current as well as potential money management parameters.
    Type: Application
    Filed: May 27, 2014
    Publication date: September 18, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Robert A. West, Michael J. Burns
  • Method and System for Quantity Entry
    Publication number: 20140279372
    Abstract: A trading screen may include a plurality of next trade quantity regions that comprise a plurality of locations, each location being associated a price on a price axis. The quantities can be entered into the various locations in the next trade quantity regions and the entered quantities can be used as a parameter of a future trade order at the associated price level. The trading screen may also include a plurality of quantity entry regions that are displayed with respect to the price axis. The quantity entry columns may each include plurality of sub-regions or locations corresponding to different price levels in the price axis. The quantity entry columns may be used to specify next traded quantities that may be used in placing orders for tradeable objects.
    Type: Application
    Filed: March 18, 2014
    Publication date: September 18, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventor: Michael J. Burns
  • SYSTEM AND METHOD FOR PERFORMING AUTOMATIC SPREAD TRADING
    Publication number: 20140258077
    Abstract: The present embodiments are provided to facilitate the automatic trading of spreads in a fast and accurate manner. One or more market data feeds that contain market information for tradable objects are received at an exchange. A spread data feed is generated in response to the market data feeds and from one or more spread setting parameters, which can be entered by a user. The spread data feed is preferably displayed in a spread window as bid and ask quantities associated with an axis or scale of prices. The user can enter orders in the spread window and the legs will be automatically worked to achieve, or attempt to achieve, the spread. In addition, other tools disclosed herein may be utilized to assist the user in making such trades.
    Type: Application
    Filed: May 22, 2014
    Publication date: September 11, 2014
    Applicant: PABLO, LLC
    Inventors: Gary Allan Kemp, II, Jens-Uwe Schluetter, Michael J. Burns, Scott F. Singer, Fred Monroe, David Babulak, Harris C. Brumfield
  • SYSTEM AND METHOD FOR A TRADING INTERFACE INCORPORATING A CHART
    Publication number: 20140249980
    Abstract: A graphical interface and method are provided for displaying market information corresponding to a tradeable object. One graphical interface includes a chart region for displaying historical market data in relation to a first value axis, and a market grid region in alignment with the chart region. The market grid region comprises a plurality of areas for receiving commands from a user input device to send trade orders, and the areas are displayed in relation to a second value axis. A plurality of values displayed along the second value axis is a subset of values displayed in relation to the first value axis, and can be modified to a new plurality of values that corresponds to a new subset of values on the first value axis.
    Type: Application
    Filed: October 10, 2013
    Publication date: September 4, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Scott F. Singer, Michael J. Burns, Stephen P. Decker
  • TRADING INTERFACE FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT
    Publication number: 20140249989
    Abstract: A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types.
    Type: Application
    Filed: May 15, 2014
    Publication date: September 4, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Robert A. West, Gerald J. O'Connor, Stephen J. Murphy, Scott F. Singer
  • SYSTEM AND METHOD FOR AUTOMATED ORDER ENTRY ON SHORT QUEUES
    Publication number: 20140236802
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Application
    Filed: April 28, 2014
    Publication date: August 21, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • ELECTRONIC SPREAD TRADING TOOL
    Publication number: 20140229357
    Abstract: A versatile and efficient electronic spread trading tool to be used when buying and selling comparable commodities either simultaneously or in conjunction with one another.
    Type: Application
    Filed: September 23, 2013
    Publication date: August 14, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Michael J. Burns, Scott F. Singer
  • System and Method for Smart Hedging in an Electronic Trading Environment
    Publication number: 20140229355
    Abstract: A system and associated methods are provided for smart hedging in an electronic trading environment. According to one example method, a first order for a first tradeable object and a second order for a second tradeable object are placed based on a spread strategy. Upon receiving an indication that a quantity of the first order is filled, the method involves determining if the second order can be used to offset the quantity filled of the first order by determining if a price of the second order would result in achieving a desired spread price defined for the spread strategy. If the price results in the desired price, the second order is used to offset the quantity filled for the first order in an attempt to achieve the desired spread price. Other tools are provided as well.
    Type: Application
    Filed: September 10, 2013
    Publication date: August 14, 2014
    Inventors: Michael J. Burns, Sagy P. Mintz, Eric M. Herz, Alexander D. Deitz
  • Visual Representation and Configuration of Trading Strategies
    Publication number: 20140222639
    Abstract: A system and method are provided to visually represent and configure trading strategies used in electronic trading. The system and method may be used to visually represent, among other things, an acceptable range of prices for a trading strategy in relation to a graphical user interface. The acceptable range of prices may be input by a trader to limit when one or more orders are moved from one price to another. The acceptable range of prices can be displayed on a graphical user interface using visual indicators. Using the visual indicators, the acceptable range of prices can also be configured and modified by a trader based on the trader's preferences. Other features and advantages are described herein.
    Type: Application
    Filed: September 4, 2013
    Publication date: August 7, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Thomas R. Zagara, Michael J. Burns, Scott F. Singer
  • System and Method for Money Management Using a Plurality of Profit Levels in an Electronic Trading Environment
    Publication number: 20140222647
    Abstract: A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels.
    Type: Application
    Filed: April 8, 2014
    Publication date: August 7, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Robert A. West, Michael J. Burns, Peter F. Ziemkiewicz, Ryan J. Highland