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).
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Publication number: 20140337200Abstract: 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: ApplicationFiled: July 22, 2014Publication date: November 13, 2014Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 8799136Abstract: 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: GrantFiled: April 16, 2013Date of Patent: August 5, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Publication number: 20130297480Abstract: 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: ApplicationFiled: April 25, 2013Publication date: November 7, 2013Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20130232055Abstract: 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: ApplicationFiled: April 16, 2013Publication date: September 5, 2013Applicant: Chicago Merchantile Exchange Inc.Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 8498918Abstract: 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: GrantFiled: June 2, 2006Date of Patent: July 30, 2013Assignee: Chicago Mercantile Exchange, Inc.Inventors: Robin S. Ross, Peter O. Barker, Neal Brady, John Curran, Jeffrey P. Kilinski, David Salvadori
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Patent number: 8494947Abstract: 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: GrantFiled: October 5, 2012Date of Patent: July 23, 2013Assignee: Chicago Mercantile Exchange Inc.Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 8484103Abstract: 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: GrantFiled: April 6, 2010Date of Patent: July 9, 2013Assignee: Chicago Mercantile Exchange Inc.Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Patent number: 8306902Abstract: 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: GrantFiled: July 20, 2009Date of Patent: November 6, 2012Assignee: Chicago Mercantile Exchange Inc.Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 7818248Abstract: 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: GrantFiled: October 1, 2007Date of Patent: October 19, 2010Assignee: Chicago Mercantile Exchange Inc.Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20100191643Abstract: 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: ApplicationFiled: April 6, 2010Publication date: July 29, 2010Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20090299893Abstract: 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: ApplicationFiled: July 20, 2009Publication date: December 3, 2009Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 7584140Abstract: 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: GrantFiled: December 2, 2003Date of Patent: September 1, 2009Assignee: Chicago Mercantille Exchange, Inc.Inventors: Neal Brady, Tom Paronis, Christopher S. Whittington, Paul A. Schmid, Jon Dahl
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Patent number: 7337140Abstract: 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: GrantFiled: October 30, 2001Date of Patent: February 26, 2008Assignee: Chicago Mercantile Exchange, Inc.Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20080027851Abstract: 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: ApplicationFiled: October 1, 2007Publication date: January 31, 2008Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Patent number: 7272580Abstract: 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: GrantFiled: December 28, 2006Date of Patent: September 18, 2007Assignee: Chicago Mercantile Exchange, Inc.Inventors: Neal Brady, Noah Carey, William R. Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20070118462Abstract: 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: ApplicationFiled: December 28, 2006Publication date: May 24, 2007Inventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Patent number: 7197483Abstract: 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: GrantFiled: October 15, 2003Date of Patent: March 27, 2007Assignee: Chicago Mercantile ExchangeInventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh
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Publication number: 20060277138Abstract: 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: ApplicationFiled: June 2, 2006Publication date: December 7, 2006Applicant: Chicago Mercantile Exchange, Inc.Inventors: Robin Ross, Peter Barker, Neal Brady, John Curran, Jeffrey Kilinski, David Salvadori
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Publication number: 20050119964Abstract: 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: ApplicationFiled: December 2, 2003Publication date: June 2, 2005Inventors: Neal Brady, Tom Paronis, Christopher Whittington, Paul Schmid, Jon Dahl
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Publication number: 20040199453Abstract: 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: ApplicationFiled: October 15, 2003Publication date: October 7, 2004Applicant: Liquidity Direct Technology, LLCInventors: Neal Brady, Noah Carey, William Erwin, John Gilmore, Michael Quattrocki, Frank Stone, Mark Thornburgh