Patents by Inventor Pearce Peck-Walden
Pearce Peck-Walden 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: 20160328796Abstract: The disclosed embodiments relate to creation and dissemination of unique identifiers, i.e. tokens, for use in communication of messages from a transaction processing system, to participants therein whereby messages, or at least a portion of the content thereof, indicative of a response to a request, to transact or modify a prior transaction, are consolidated, or otherwise combined, with the corresponding directed reporting messages communicated to the particular participants participating in the reported transaction while preserving the anonymity of those participants to which messages are particularly directed. The identifiers are structured so as to facilitate rapid validation and dissemination while eliminating the ability to associate any given identifier, or set thereof, with a participant.Type: ApplicationFiled: May 6, 2015Publication date: November 10, 2016Inventors: José Antonio Acuña-Rohter, Erik Helleren, Barry Galster, Paul Callaway, Pearce Peck-Walden
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Publication number: 20160162990Abstract: Systems and methods are provided for determining enhanced price-level market data and/or enhanced order-level market data. To determine the enhanced price-level market data and/or enhanced order-level market data an order monitoring device may be configured to monitor one or more orders placed at an exchange, analyze information corresponding to the one or more monitored orders to determine whether an order, or partial order, was canceled without being matched, and generate the enhanced price-level market data and/or enhanced order-level market data based on the information associated with the canceled orders.Type: ApplicationFiled: December 4, 2015Publication date: June 9, 2016Inventors: Bernard Hosman, Paul J. Callaway, Pearce Peck-Walden
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Publication number: 20150262297Abstract: The disclosed embodiments relate to systems and methods which match or otherwise allocate an incoming order to trade with “resting,” i.e. previously received but not yet matched (fully satisfied), orders, recognizing that the algorithm or rules by which the incoming order is matched/allocated may affect the operation of the market for the financial product being traded. In particular, the disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order.Type: ApplicationFiled: March 11, 2015Publication date: September 17, 2015Inventors: Paul Callaway, Sean Castette, Kireeti Reddy, Akira Yamaguchi, Jose Antonio Acuña-Rohter, Pearce Peck-Walden, Zachary Bonig
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Publication number: 20150262298Abstract: The disclosed embodiments relate to systems and methods which match or otherwise allocate an incoming order to trade with “resting,” i.e. previously received but not yet matched (fully satisfied), orders, recognizing that the algorithm or rules by which the incoming order is matched/allocated may affect the operation of the market for the financial product being traded. In particular, the disclosed embodiments relate to regulation of a rate of incoming orders by buffering or otherwise batching orders together as they are received and subsequently forwarding batches of orders to a match engine for processing thereby in a manner which may equalize orders from traders having varying abilities to rapid submit orders or otherwise capitalize on market events. The disclosed embodiments further relate to prioritizing the matching of resting orders against an incoming order.Type: ApplicationFiled: March 11, 2015Publication date: September 17, 2015Inventors: Paul Callaway, Sean Castette, Kireeti Reddy, Akira Yamaguchi, Jose Antonio Acuña-Rohter, Pearce Peck-Walden, Zachary Bonig
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Publication number: 20150161727Abstract: The disclosed embodiments relate to communication of financial messages from an Exchange to market participants whereby messages, or at least a portion of the content thereof, indicative of changes in the market, due to one or more trades between two or more market participants, are structured so as to reduce redundant data therein and prioritize the transmission of that portion of the message which summarizes the event and result thereof. Further, these event reporting messages may further consolidate, or otherwise be combined with, the corresponding directed reporting messages communicated to the particular market participants participating in the reported trade while preserving the anonymity of those market participants to which messages are particularly directed.Type: ApplicationFiled: December 9, 2013Publication date: June 11, 2015Applicant: Chicago Mercantile Exchange Inc.Inventors: Paul Callaway, Fritz Caskey, Dennis Genetski, Pearce Peck-Walden, Jose Antonio Acuna-Rohter, Priteshkumar Soni, Rosa Frenkel
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Publication number: 20150088720Abstract: Methods, devices, and systems for communicating market data with market participants involve obfuscating at least a portion of a first financial message. Communicating the market data also involves augmenting a second financial message with a key configured to remove the obfuscation from the obfuscated portion of the first financial message. The market data is ultimately communicated by transmitting the first financial message to a particular participant, and transmitting the second message to a plurality of participants. The particular participant may then use the key from the second financial message to remove the obfuscation of the first financial message.Type: ApplicationFiled: September 24, 2013Publication date: March 26, 2015Applicant: Chicago Mercantile Exchange Inc.Inventors: José Antonio Acuña-Rohter, Paul Callaway, Pearce Peck-Walden, Barry Galster
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Publication number: 20150088723Abstract: Methods, devices, and systems for communicating market data with market participants may involve obfuscating at least a portion of financial messages. Communicating the market data also involves augmenting a financial message with a key configured to remove the obfuscation from the obfuscated portion of the financial messages. The market data is ultimately communicated by transmitting the financial messages to a plurality of participants. The plurality of participants may then use the key from the financial message to remove the obfuscation of the other financial messages.Type: ApplicationFiled: December 9, 2013Publication date: March 26, 2015Applicant: Chicago Mercantile Exchange Inc.Inventors: Jose Antonio Acuna-Rohter, Paul Callaway, Pearce Peck-Walden, Barry Galster
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Publication number: 20150026033Abstract: Protections against self-matching trade orders are disclosed which maximize liquidity/efficiency by reducing/minimizing unnecessary cancelations and/or resubmissions. Rather than automatically cancel or modify the incoming and/or self-matching counter orders, those resting counter orders, which would result in the occurrence of a self-match with an incoming order, are placed in a hold state or otherwise set aside such that the incoming order may be matched with other non-self-matching orders. The held orders are subsequently returned to the order book at the same, or different, priority to await a subsequent incoming order.Type: ApplicationFiled: October 3, 2014Publication date: January 22, 2015Inventors: John Curran, Akira Yamaguchi, Brian Wolf, Pearce Peck-Walden, James Wilcox, James Bailey, Neil Lustyk, Katherine Patrick, Paul A. Bauerschmidt, Ari L. Studnitzer, William J. Albert, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss
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Publication number: 20140324668Abstract: The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses.Type: ApplicationFiled: July 14, 2014Publication date: October 30, 2014Inventors: Ari Studnitzer, Pearce Peck-Walden, James W. Farrell, Paul J. Callaway, Barry L. Galster
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Patent number: 8781948Abstract: The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses.Type: GrantFiled: August 1, 2012Date of Patent: July 15, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Ari Studnitzer, Pearce Peck-Walden, James W. Farrell, Paul J. Callaway, Barry L. Galster
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Publication number: 20140143123Abstract: The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up (“spike”) or down (“dip”) in the market, such as a “flash crash,” where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit.Type: ApplicationFiled: January 24, 2014Publication date: May 22, 2014Applicant: Chicago Mercantile Exchange Inc.Inventors: Scott D. Banke, Stanislav Liberman, Neil A. Lustyk, James Bailey, Ashraf Ansari, Pearce Peck-Walden, John Scheerer, Haifeng Zheng, Matthew J. Kelly, Brian M. Wolf, Troy C. Kane
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Publication number: 20140081826Abstract: Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. A collection of tradable price levels is also created for each template. New orders and resting orders are analyzed using one or more trade templates and tradable price levels to determine whether a combination of orders satisfies all of the elements of a trade template with a required price level. When all of the elements of a trade template are satisfied and an order with a tradable price level is received, the corresponding orders may be matched contemporaneously.Type: ApplicationFiled: September 18, 2013Publication date: March 20, 2014Applicant: CHICAGO MERCANTILE EXCHANGE, INC.Inventors: Jose Antonio Acuna-Rohter, Pearce Peck-Walden, Dileep Konduru
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Patent number: 8660936Abstract: The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up (“spike”) or down (“dip”) in the market, such as a “flash crash,” where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit.Type: GrantFiled: October 2, 2012Date of Patent: February 25, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Scott D. Banke, Stanislav Liberman, Neil A. Lustyk, James Bailey, Ashraf Ansari, Pearce Peck-Walden, John Scheerer, Haifeng Zheng, Matthew J. Kelly, Brian M. Wolf, Troy C. Kane
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Patent number: 8560415Abstract: Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. A collection of tradable price levels is also created for each template. New orders and resting orders are analyzed using one or more trade templates and tradable price levels to determine whether a combination of orders satisfies all of the elements of a trade template with a required price level. When all of the elements of a trade template are satisfied and an order with a tradable price level is received, the corresponding orders may be matched contemporaneously.Type: GrantFiled: September 16, 2010Date of Patent: October 15, 2013Assignee: Chicago Mercantile Exchange, Inc.Inventors: José Antonio Acuña-Rohter, Pearce Peck-Walden, Dileep Konduru
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Publication number: 20130198054Abstract: The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses.Type: ApplicationFiled: August 1, 2012Publication date: August 1, 2013Applicant: CHICAGO MERCANTILE EXCHANGE INC.Inventors: Ari Studnitzer, Pearce Peck-Walden, James W. Farrell, Paul J. Callaway, Barry L. Galster
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Publication number: 20130110694Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. The disclosed embodiments relate to detection of market conditions where identification of implied opportunities may, for example, subvert real orders resulting in undesirable effects. Under circumstances where such undesirable effects are likely to occur, identification of implied opportunities may be delayed thereby allowing market forces to attempt to resolve the aberrant market conditions and avoid the undesirable effects.Type: ApplicationFiled: October 26, 2011Publication date: May 2, 2013Inventors: José A. Acuña-Rohter, Paul Callaway, Pearce Peck-Walden, Barry L. Galster
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Publication number: 20130041801Abstract: An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. A technique is disclosed for suppression of the calculation and/or subsequent listing of an implied order when the order is either undesired or unnecessary in the market therefore.Type: ApplicationFiled: June 27, 2012Publication date: February 14, 2013Inventors: Brian M. Wolf, John F. Curran, James W. Farrell, Paul J. Callaway, Barry L. Galster, Andrew Milne, Giuseppe Scimeca, Pearce Peck-Walden, James Wilcox
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Publication number: 20120072326Abstract: Systems and methods for matching orders are provided. One or more trade templates are created. The trade templates define groups of orders for financial instruments that may be combined such that all of the orders are matched. A collection of tradable price levels is also created for each template. New orders and resting orders are analyzed using one or more trade templates and tradable price levels to determine whether a combination of orders satisfies all of the elements of a trade template with a required price level. When all of the elements of a trade template are satisfied and an order with a tradable price level is received, the corresponding orders may be matched contemporaneously.Type: ApplicationFiled: September 16, 2010Publication date: March 22, 2012Applicant: CHICAGO MERCANTILE EXCHANGE INC.Inventors: José Antonio Acuña-Rohter, Pearce Peck-Walden, Dileep Konduru
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Publication number: 20110066567Abstract: A match engine is utilized by either a market participant or an electronic trading system. The match engine receives orders, stores them internally, calculates tradable combinations and displays or otherwise publishes the tradable combinations or the order(s) needed to complete tradable combinations. The match engine operates under a set of rules that may be customized to provide only the tradable combinations that are likely to be executed and contribute to total trading volume. At least some tradeable combinations that are not likely to be traded are not calculated, which frees up the computing capacity of the electronic trading system.Type: ApplicationFiled: September 14, 2009Publication date: March 17, 2011Applicant: CHICAGO MERCANTILE EXCHANGE, INC.Inventors: José Antonio Acuña-Rohter, Pearce Peck-Walden
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Publication number: 20110066537Abstract: A volume analyzer is provided. The volume analyzer includes an input, a processor, and an output. The input is operable to receive market data and a calculation policy. The processor is coupled with the input. The processor is operable to identify an available implied pattern based on the market data and the calculation policy. The available implied pattern has not been calculated by a match engine. The output is coupled with the processor. The processor is operable to provide the available implied pattern to the output.Type: ApplicationFiled: September 15, 2009Publication date: March 17, 2011Inventors: Andrew Milne, Aleksandr Sedlin, Vladimir Feldman, Paul Callaway, Pearce Peck-Walden, Mark Robinson