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 Money Management in Electronic Trading Environment
    Publication number: 20140129415
    Abstract: A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications.
    Type: Application
    Filed: January 13, 2014
    Publication date: May 8, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Robert A. West, Harris Brumfield, Peter F. Ziemkiewicz
  • Method and system for quantity entry
    Patent number: 8719149
    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: Grant
    Filed: May 1, 2013
    Date of Patent: May 6, 2014
    Assignee: Trading Technologies International, Inc.
    Inventor: Michael J. Burns
  • SYSTEM AND METHOD FOR FACILITATING TRADING OF MULTIPLE TRADEABLE OBJECTS IN AN ELECTRONIC TRADING ENVIRONMENT
    Publication number: 20140122319
    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: January 7, 2014
    Publication date: May 1, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Robert A. West, Gerald J. O'Connor, Stephen J. Murphy
  • System and method for order placement in an electronic trading environment
    Patent number: 8712904
    Abstract: A system and associated methods are provided for intelligent placement and movement of orders in an electronic trading environment. According to one example method, in addition to submitting a leg order at a calculated price level, additional orders, queue holder orders, are submitted for the leg order at prices either below or above the calculated price level. Based on this configuration, if the conditions change such that it is necessary to re-price the leg order, there will be already an order resting in the exchange order book at the re-calculated price that can be used in the strategy. Upon re-pricing the leg order, one or more additional queue holder orders will be placed in the market. Other tools are provided as well.
    Type: Grant
    Filed: October 12, 2012
    Date of Patent: April 29, 2014
    Assignee: Trading Technologies International, Inc.
    Inventors: Michael J. Burns, Eric M. Herz, Sagy Pundak Mintz, Alexander D. Dietz
  • METHOD, APPARATUS AND INTERFACE FOR TRANSACTION TOGGLING
    Publication number: 20140108226
    Abstract: A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided.
    Type: Application
    Filed: December 11, 2013
    Publication date: April 17, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Michael J. Burns, Joan Ebersole
  • System and Method for Displaying Risk Data in an Electronic Trading Environment
    Publication number: 20140108217
    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: June 6, 2013
    Publication date: April 17, 2014
    Inventors: Robert A. West, Michael J. Burns
  • System and method for money management in electronic trading environment
    Patent number: 8682765
    Abstract: A system and method for money management in an electronic trading environment are presented. According to one embodiment, a trader may configure a plurality of filters, each including at least one filter criteria and filter condition. When a money management module detects a new order, the money management module intercepts the order and determines if the order matches one or more predefined filters. If the order matches one or more filters then conditions associated with the applicable filter(s) are applied to the order. The application of one or more conditions to an order may result in sending a modified order, preventing the order from reaching the exchange, or sending order to the exchange without any modifications.
    Type: Grant
    Filed: June 8, 2012
    Date of Patent: March 25, 2014
    Assignee: Trading Technologies International, Inc.
    Inventors: Michael J. Burns, Robert A. West, Harris Brumfield, Peter F. Ziemkiewicz
  • System and Method for Providing Version Management Services Within a Collaborative Content Editing Environment
    Publication number: 20140074807
    Abstract: A plurality of versions of an object are stored in a memory. A plurality of votes relating to the plurality of versions are received from a plurality of parties. A version of the object is selected from among the plurality of versions, based on the plurality of votes. A second plurality of versions of the object are generated based on the selected version. Metadata associated with the selected version is stored, the metadata comprising first data specifying the plurality of parties from whom votes were received and second data specifying the votes received. In one embodiment, the object is an architectural design.
    Type: Application
    Filed: September 13, 2012
    Publication date: March 13, 2014
    Applicant: ALCATEL-LUCENT USA INC.
    Inventors: Yana Kane-Esrig, Michael J. Burns
  • Electronic spread trading tool
    Patent number: 8666872
    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. The spread trading tool involves a method of displaying, on an electronic display device, the market depth of a plurality of commodities including an anchor commodity and a non-anchor commodity, where the method includes dynamically displaying a plurality of bids and asks in the market for the commodities, statically displaying prices corresponding to those plurality of bids and asks, where the bids and asks are displayed in alignment with the prices corresponding thereto, displaying an anchor visual indicator corresponding to and in alignment with a desired price level of the anchor commodity, displaying a price level indicator corresponding to and in alignment with a price level of the non-anchor commodity.
    Type: Grant
    Filed: August 18, 2009
    Date of Patent: March 4, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Michael J. Burns, Scott F. Singer
  • System and method for facilitating trading of multiple tradeable objects in an electronic trading environment
    Patent number: 8655766
    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: Grant
    Filed: June 29, 2010
    Date of Patent: February 18, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Michael J. Burns, Robert A. West, Gerald J. O'Connor, Stephen J. Murphy
  • Systems and Methods for Multiplier-Adjusted Lean Levels for Trading Strategies
    Publication number: 20140032387
    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: Application
    Filed: August 5, 2013
    Publication date: January 30, 2014
    Applicant: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Aggregated trading system
    Patent number: 8639612
    Abstract: A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.
    Type: Grant
    Filed: March 13, 2013
    Date of Patent: January 28, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Michael J. Burns, Fred Monroe
  • Method, apparatus and interface for transaction toggling
    Patent number: 8635145
    Abstract: A method for submitting transactions from an automated trading tool to an electronic exchange. The method includes defining a proximity limit and automatically generating a transaction for a tradeable object. The method further includes applying the proximity limit to the transaction. When the transaction falls within the defined proximity limit, the transaction is submitted to the exchange. An apparatus and interface for transaction toggling based on proximity limits are also provided.
    Type: Grant
    Filed: May 11, 2011
    Date of Patent: January 21, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Michael J. Burns, Joan Ebersole
  • System and Method for Variably Regulating Order Entry in an Electronic Trading System
    Publication number: 20130346277
    Abstract: A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.
    Type: Application
    Filed: August 23, 2013
    Publication date: December 26, 2013
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Scott F. Singer, Steven J. Carroll, Michael J. Burns
  • System and Method for Variably Regulating Order Entry in an Electronic Trading System
    Publication number: 20130346276
    Abstract: A system and method are provided to intelligently limit the frequency at which automated or semi-automated trading tools move or re-price orders in an exchange order book. A tolerance may be input that limits when one or more orders in the exchange order book are moved from one price to another. The system and method assist in reducing the number of orders that are entered into the system which can lead to reduced exchange transaction fees, lost queue position, and reduce network bandwidth consumption.
    Type: Application
    Filed: August 23, 2013
    Publication date: December 26, 2013
    Applicant: Trading Technologies International, Inc.
    Inventors: Scott F. Singer, Steven J. Carroll, Michael J. Burns
  • System and Method for Money Management Using a Plurality of Profit Levels in an Electronic Trading Environment
    Publication number: 20130325689
    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: August 9, 2013
    Publication date: December 5, 2013
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Robert A. West, Michael J. Burns, Peter F. Ziemkiewicz, Ryan J. Highland
  • SYSTEM AND METHOD FOR DISPLAYING MARKET INFORMATION AND ORDER PLACEMENT IN AN ELECTRONIC TRADING ENVIRONMENT
    Publication number: 20130317973
    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: August 1, 2013
    Publication date: November 28, 2013
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Robert A. West, Michael J. Burns
  • System and method for a trading interface incorporating a chart
    Patent number: 8589277
    Abstract: A graphical interface and method are provided for displaying market information corresponding to a tradable 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: Grant
    Filed: March 15, 2012
    Date of Patent: November 19, 2013
    Assignee: Trading Technologies International, Inc
    Inventors: Scott F. Singer, Michael J. Burns, Stephen P. Decker
  • System and method for providing market updates in an electronic trading environment
    Patent number: 8583541
    Abstract: A system and method are provided for modifying how market updates are provided in an electronic trading environment upon detecting one or more triggering events. One example method includes defining an event to be used to trigger modification of how market updates are provided to a client entity, receiving a market update from an electronic exchange, and, when the event is detected, modifying how the market update is provided to the client entity. As an example, the modification of how the market update is provided to the client entity may include providing less data in relation to market updates, and sending the market updates less frequently.
    Type: Grant
    Filed: April 19, 2012
    Date of Patent: November 12, 2013
    Assignee: Trading Technologies International, Inc.
    Inventors: Stephen A. Schwarz, Michael J. Burns
  • System and method for displaying profit related information in an electronic trading environment
    Patent number: 8577765
    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: Grant
    Filed: July 17, 2009
    Date of Patent: November 5, 2013
    Assignee: Trading Technologies International, Inc.
    Inventors: Robert A. West, Michael J. Burns