Patents by Inventor Neena Jain
Neena Jain 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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Patent number: 7882017Abstract: An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: GrantFiled: June 29, 2010Date of Patent: February 1, 2011Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Publication number: 20110016038Abstract: An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.Type: ApplicationFiled: September 27, 2010Publication date: January 20, 2011Inventors: August M. Hochenberger, Edward R. Howorka, Neena Jain, John C. Gaudio, John R. Capuano, Gregory D. Mills, Srivathsan Krishnasami
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Publication number: 20110010288Abstract: An anonymous computerised trading system matches orders by conducting auctions at specified times. As well as entering orders, participants assign credit limits for the duration of the auction, thus minimizing the time for which credit is allocated to the system.Type: ApplicationFiled: August 18, 2010Publication date: January 13, 2011Applicant: EBS GROUP LIMITEDInventors: John Edward Schoen, Nasir Ahmed Zubairi, Edward R. Howorka, Neena Jain
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Patent number: 7827085Abstract: An anonymous trading system for financial instruments comprises a network of broking nodes each performing a bid and offer matching function and a market view distribution function. Trader terminals are connected to the network via trading agent nodes. During deal execution a credit check is performed and once the deal is complete the identity of the counterparty becomes known to the other counterparty to the deal. The originating counterparty may send a More quantity message to the other party proposing a further deal at the same price. The other party may decline, partially accept, accept or accept and propose a still further amount. Credit for the further deal is drawn from an external source and the internal credit limits are temporarily increased or disabled to prevent the deal from being rejected.Type: GrantFiled: June 23, 2000Date of Patent: November 2, 2010Assignee: EBS Group LimitedInventors: August M. Hochenberger, Edward R. Howorka, Neena Jain, John C. Gaudio, John R. Capuano, Gregory D. Mills, Srivathsan Krishnasami
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Publication number: 20100268636Abstract: An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: ApplicationFiled: June 29, 2010Publication date: October 21, 2010Inventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Patent number: 7774260Abstract: An anonymous trading system comprises an interconnected network of broking nodes arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: GrantFiled: March 27, 2002Date of Patent: August 10, 2010Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Patent number: 7693774Abstract: An anonymous trading system comprises a network of broker nodes each of which perform price matching, deal execution and market distribution. Trader terminals on trading floors are connected to a given broker node via a trading agent node. Credit may be stored for a given trading floor at its trading agent node or at a credit agent node which stores credit limits for a group of trading floors. Where the credit limits of a party to a proposed deal are stored at a credit agent node, the deal execution process is routed through that credit agent node to check for available credit. The system allows institutions to adopt any combination of local and global credit assignments with counterparties with which it wishes to trade.Type: GrantFiled: June 29, 2001Date of Patent: April 6, 2010Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu, Michael S. Merold, Alastair G. Crane, Srivathsan Krishnasami, Roy S. McPherson, Paul M. Ginsberg, Gregory D. Mills
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Patent number: 7636683Abstract: Computerized trading system for trading financial instruments having a communication network connecting traders dealing in financial instruments and a plurality of trader terminals connected to the communication network. The communication network comprises a credit store for storing an indication of credit available from each credit granting entity, a price distributor for distributing the price quotation messages to trader terminal for display, a credit filter to filter the price quotation messages to each trader terminal associated with at least one credit granting entity.Type: GrantFiled: September 11, 1998Date of Patent: December 22, 2009Assignee: EBS Group LimitedInventors: Gregory D. Mills, Neena Jain, Edward R. Howorka
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Publication number: 20090171829Abstract: Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.Type: ApplicationFiled: February 4, 2009Publication date: July 2, 2009Applicant: EBS Group Ltd.Inventors: Edward R. Howorka, David Jifeng Liu, Jeffrey Edward Power, Nasir Ahmed Zubairi, Neena Jain
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Publication number: 20080120377Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: ApplicationFiled: January 28, 2008Publication date: May 22, 2008Inventors: Edward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Publication number: 20080120223Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: ApplicationFiled: January 28, 2008Publication date: May 22, 2008Inventors: Edward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Patent number: 7366690Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: GrantFiled: June 23, 2000Date of Patent: April 29, 2008Assignee: EBS Group LimitedInventors: Edward R. Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Patent number: 7333952Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesized from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: GrantFiled: June 23, 2000Date of Patent: February 19, 2008Assignee: EBS Group LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward R. Howorka, Andrew P. Foray, Michael S. Merold
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Publication number: 20080040256Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: ApplicationFiled: August 20, 2007Publication date: February 14, 2008Inventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward Howorka, Andrew Foray, Michael Merold
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Patent number: 7269793Abstract: In a duplex chat conversational trading system, trader terminals monitor for new incoming messages from the time a trader starts to input a new message to the time it is sent. If an incoming message is detected, sending of the message is inhibited and the trader is alerted to the new incoming message whereupon he can confirm his message, modify it or resend it. Messages are exchanged via a chat server which assigns a unique reference number to each message. Where a message received at the server is sent in reply to an earlier message it carries the reference of the earlier message. The server compares this reference to the most recent reference it has logged and notifies the parties of a crossover if the references are not the same.Type: GrantFiled: October 18, 2002Date of Patent: September 11, 2007Assignee: EBS Group LimitedInventors: Peter Richard P. Horsfall, Neena Jain, Edward R. Howorka
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Publication number: 20060259391Abstract: An anonymous computerised trading system matches orders by conducting auctions at specified times. As well as entering orders, participants assign credit limits for the duration of the auction, thus minimising the time for which credit is allocated to the system.Type: ApplicationFiled: October 21, 2003Publication date: November 16, 2006Applicant: EBS Group LimitedInventors: John Schoen, Nasir Zubairi, Edward Howorka, Neena Jain
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Publication number: 20050171895Abstract: Benchmarks for the price of a financial instrument such as FX spot rate for a currency pair are calculated by an algorithm based on a previous benchmark and a market price. The market price is derived from a deal price and a quote price. The deal price is based on deals conducted since the last benchmark and the quote price is based on bids and offers entered since the last benchmark. For each of the deal and quote prices, a price, weight and scatter is calculated which is used to calculate a benchmark price, weight and scatter and a benchmark error.Type: ApplicationFiled: November 5, 2004Publication date: August 4, 2005Inventors: Edward Howorka, David Jifeng Liu, Jeffrey Edward Power, Nasir Ahmed Zubairi, Neena Jain
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Publication number: 20030093363Abstract: In a duplex chat conversational trading system, trader terminals monitor for new incoming messages from the time a trader starts to input a new message to the time it is sent. If an incoming message is detected, sending of the message is inhibited and the trader is alerted to the new incoming message whereupon he can confirm his message, modify it or resend it. Messages are exchanged via a chat server which assigns a unique reference number to each message. Where a message received at the server is sent in reply to an earlier message it carries the reference of the earlier message. The server compares this reference to the most recent reference it has logged and notifies the parties of a crossover if the references are not the same.Type: ApplicationFiled: October 18, 2002Publication date: May 15, 2003Inventors: Peter Richard P. Horsfall, Neena Jain, Edward R. Howorka
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Publication number: 20020133455Abstract: An anonymous trading system comprises a network of broker nodes each of which perform price matching, deal execution and market distribution. Trader terminals on trading floors are connected to a given broker node via a trading agent node. Credit may be stored for a given trading floor at its trading agent node or at a credit agent node which stores credit limits for a group of trading floors. Where the credit limits of a party to a proposed deal are stored at a credit agent node, the deal execution process is routed through that credit agent node to check for available credit. The system allows institutions to adopt any combination of local and global credit assignments with counterparties with which it wishes to trade.Type: ApplicationFiled: June 29, 2001Publication date: September 19, 2002Applicant: Electronic Broking Services LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu, Michael S. Merold, Alastair G. Crane, Srivathsan Krishnasami, Roy S. McPherson, Paul M. Ginsberg, Gregory D. Mills
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Publication number: 20020107781Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesized from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: ApplicationFiled: June 29, 2001Publication date: August 8, 2002Applicant: Electronic Broking Services LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward R. Howorka, Andrew P. Foray, Michael S. Merold