Patents by Inventor Neal Brady

Neal Brady 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: 20140337200
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Application
    Filed: July 22, 2014
    Publication date: November 13, 2014
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 8799136
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Grant
    Filed: April 16, 2013
    Date of Patent: August 5, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Publication number: 20130297480
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Application
    Filed: April 25, 2013
    Publication date: November 7, 2013
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20130232055
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Application
    Filed: April 16, 2013
    Publication date: September 5, 2013
    Applicant: Chicago Merchantile Exchange Inc.
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 8498918
    Abstract: Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.
    Type: Grant
    Filed: June 2, 2006
    Date of Patent: July 30, 2013
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: Robin S. Ross, Peter O. Barker, Neal Brady, John Curran, Jeffrey P. Kilinski, David Salvadori
  • Patent number: 8494947
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Grant
    Filed: October 5, 2012
    Date of Patent: July 23, 2013
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 8484103
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Grant
    Filed: April 6, 2010
    Date of Patent: July 9, 2013
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Patent number: 8306902
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Grant
    Filed: July 20, 2009
    Date of Patent: November 6, 2012
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 7818248
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Grant
    Filed: October 1, 2007
    Date of Patent: October 19, 2010
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20100191643
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Application
    Filed: April 6, 2010
    Publication date: July 29, 2010
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20090299893
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Application
    Filed: July 20, 2009
    Publication date: December 3, 2009
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 7584140
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Grant
    Filed: December 2, 2003
    Date of Patent: September 1, 2009
    Assignee: Chicago Mercantille Exchange, Inc.
    Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
  • Patent number: 7337140
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative uses: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Grant
    Filed: October 30, 2001
    Date of Patent: February 26, 2008
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20080027851
    Abstract: A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.
    Type: Application
    Filed: October 1, 2007
    Publication date: January 31, 2008
    Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Patent number: 7272580
    Abstract: A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
    Type: Grant
    Filed: December 28, 2006
    Date of Patent: September 18, 2007
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20070118462
    Abstract: A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
    Type: Application
    Filed: December 28, 2006
    Publication date: May 24, 2007
    Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Patent number: 7197483
    Abstract: A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
    Type: Grant
    Filed: October 15, 2003
    Date of Patent: March 27, 2007
    Assignee: Chicago Mercantile Exchange
    Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
  • Publication number: 20060277138
    Abstract: Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.
    Type: Application
    Filed: June 2, 2006
    Publication date: December 7, 2006
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Robin Ross, Peter Barker, Neal Brady, John Curran, Jeffrey Kilinski, David Salvadori
  • Publication number: 20050119964
    Abstract: A computer network and method for electronically trading combinations of derivatives. One preferred method of trading includes providing quotes information to a central server, and determining indicative quotes for combination trades, and providing the non-binding, indicative quotes to market participants (which typically includes subscribers, but may also include market makers). A participant may then submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then elect to submit a binding quote for the corresponding derivative combination. Market participants may then elect to enter a binding order.
    Type: Application
    Filed: December 2, 2003
    Publication date: June 2, 2005
    Inventors: Neal Brady, Tom Paronis, Christopher Whittington, Paul Schmid, Jon Dahl
  • Publication number: 20040199453
    Abstract: A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
    Type: Application
    Filed: October 15, 2003
    Publication date: October 7, 2004
    Applicant: Liquidity Direct Technology, LLC
    Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh