Patents by Inventor Peter Bartko
Peter Bartko 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: 20240062294Abstract: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.Type: ApplicationFiled: October 31, 2023Publication date: February 22, 2024Inventors: Howard W. Lutnick, Peter Bartko
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Publication number: 20240062302Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively couple to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: ApplicationFiled: November 2, 2023Publication date: February 22, 2024Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
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Patent number: 11847699Abstract: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.Type: GrantFiled: May 24, 2021Date of Patent: December 19, 2023Assignee: BGC PARTNERS, INC.Inventors: Howard W. Lutnick, Peter Bartko
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Patent number: 11842399Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively couple to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: GrantFiled: May 24, 2022Date of Patent: December 12, 2023Assignee: BGC PARTNERS, INC.Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
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Publication number: 20230214929Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root, value, and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: ApplicationFiled: March 10, 2023Publication date: July 6, 2023Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregoson, Brian Alexander Weston
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Patent number: 11605132Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: GrantFiled: September 14, 2020Date of Patent: March 14, 2023Assignee: BGC PARTNERS, L.P.Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
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Publication number: 20220284510Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively couple to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: ApplicationFiled: May 24, 2022Publication date: September 8, 2022Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
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Publication number: 20210279802Abstract: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.Type: ApplicationFiled: May 24, 2021Publication date: September 9, 2021Inventors: Howard W. Lutnick, Peter Bartko
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Patent number: 11017468Abstract: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.Type: GrantFiled: May 16, 2017Date of Patent: May 25, 2021Assignee: BGC PARTNERS, INC.Inventors: Howard W. Lutnick, Peter Bartko
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Publication number: 20200410598Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: ApplicationFiled: September 14, 2020Publication date: December 31, 2020Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
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Patent number: 10776875Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: GrantFiled: December 21, 2018Date of Patent: September 15, 2020Assignee: BGC PARTNERS, L.P.Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
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Publication number: 20200027164Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: ApplicationFiled: September 30, 2019Publication date: January 23, 2020Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
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Patent number: 10460388Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: GrantFiled: March 28, 2014Date of Patent: October 29, 2019Assignee: BGC PARTNERS, INC.Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
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Publication number: 20190188795Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: ApplicationFiled: December 21, 2018Publication date: June 20, 2019Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
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Patent number: 10185995Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.Type: GrantFiled: January 16, 2007Date of Patent: January 22, 2019Assignee: BGC PARTNERS, L.P.Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
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Publication number: 20170308956Abstract: Methods and systems are provided herewith for determining prices and executing trades for a plurality of users of an electronic trading system. A central processor may receive a processor a plurality of bid-offer pairs from a plurality of users. Each bid-offer pair may comprise a bid price and an offer price, e.g. for a financial transaction such as a currency exchange. A price of a trade may be determined based on one or more of the bid-offer pairs. The processor may match user orders to trade and transact a trade at the determined price. A price for the traded product may be measured at a predetermined time after the trade. A flow may be determined for a plurality of trades between two users based on the difference, for each trade, between the trade price and a subsequent price measured at a predetermined time after the trade. Afterwards, for at least one subsequent trade between the two users, the at least one corresponding price may be adjusted or otherwise determined based on the determined flow.Type: ApplicationFiled: July 13, 2017Publication date: October 26, 2017Inventors: Peter Bartko, John Capuano, Sven Mika, Thomas D. Bradshaw
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Publication number: 20170249700Abstract: Receiving a request to reveal a bid or an offer, transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time, and executing the bid or the offer at a default price and a default size, in the event that no command is submitted to trade within the pre-determined period of time.Type: ApplicationFiled: May 16, 2017Publication date: August 31, 2017Inventors: Howard W. Lutnick, Peter Bartko
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Patent number: 9679333Abstract: Method and systems are provided herewith for providing non-fully-transparent markets that includes or involves the step or steps of receiving a request to reveal a bid or an offer, in which the request is submitted by a user of an electronic trading system; transmitting a price and a size that corresponds to the bid or the offer; waiting a pre-determined period of time; and executing the bid or the offer at a default price and a default size, in the event that the user does not submit a command to trade within the pre-determined period of time.Type: GrantFiled: April 27, 2007Date of Patent: June 13, 2017Assignee: BGC PARTNERS, INC.Inventors: Howard W. Lutnick, Peter Bartko
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Publication number: 20160048920Abstract: Methods and systems are provided herewith for determining prices and executing trades for a plurality of users of an electronic trading system. A central processor may receive a processor a plurality of bid-offer pairs from a plurality of users. Each bid-offer pair may comprise a bid price and an offer price, e.g. for a financial transaction such as a currency exchange. A price of a trade may be determined based on one or more of the bid-offer pairs. The processor may match user orders to trade and transact a trade at the determined price. A price for the traded product may be measured at a predetermined time after the trade. A flow may be determined for a plurality of trades between two users based on the difference, for each trade, between the trade price and a subsequent price measured at a predetermined time after the trade. Afterwards, for at least one subsequent trade between the two users, the at least one corresponding price may be adjusted or otherwise determined based on the determined flow.Type: ApplicationFiled: October 27, 2015Publication date: February 18, 2016Inventors: Peter Bartko, John Capuano, Sven Mika, Thomas D. Bradshaw
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Publication number: 20140358757Abstract: A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively coupled to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a potential trade associated with the order and the counterorder, the potential trade based at least in part on the first price. If the latency value satisfies a configurable condition, the processor is further operable to initiate a configurable period of time. If the potential trade is not valid upon expiration of the configurable period, the processor is further operable to prevent the execution of the potential trade.Type: ApplicationFiled: March 28, 2014Publication date: December 4, 2014Applicant: BGC PARTNERS, INC.Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston