Patents by Inventor Patrick William Howard

Patrick William Howard 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 providing price validation for market makers in over the counter markets
    Patent number: 7584145
    Abstract: A system and method provide price validation for market makers in over the counter (OTC) markets. Specifically, the system compares a new or existing price provided by a market maker with a base rate. If the unilateral difference is less than or equal to a configurable tolerance, the price may be added to validated rates. The unilateral difference is an amount that the new bid source rate is greater than the bid base rate or an amount that the new offer source rate is less than the offer base rate. On the other hand, if the difference is more than the tolerance, the price may be ignored or removed by the system. As a result, the system provides protection against trading on invalid off-market rates or stale rates that is caused by system latency or other types of temporary anomalies.
    Type: Grant
    Filed: October 24, 2006
    Date of Patent: September 1, 2009
    Assignee: Currenex, Inc.
    Inventors: Romain Rossier, David Vinh Lu, Patrick William Howard, Sean Michael Gilman, Cary David Rosenwald, Richard Hartheimer
  • System and method for providing price validation for market makers in over the counter markets
    Publication number: 20080097890
    Abstract: A system and method provide price validation for market makers in over the counter (OTC) markets. Specifically, the system compares a new or existing price provided by a market maker with a base rate. If the unilateral difference is less than or equal to a configurable tolerance, the price may be added to validated rates. The unilateral difference is an amount that the new bid source rate is greater than the bid base rate or an amount that the new offer source rate is less than the offer base rate. On the other hand, if the difference is more than the tolerance, the price may be ignored or removed by the system. As a result, the system provides protection against trading on invalid off-market rates or stale rates that is caused by system latency or other types of temporary anomalies.
    Type: Application
    Filed: October 24, 2006
    Publication date: April 24, 2008
    Inventors: Romain Rossier, David Vinh Lu, Patrick William Howard, Sean Michael Gilman, Cary David Rosenwald, Richard Hartheimer