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).

  • Publication number: 20240062294
    Abstract: 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: Application
    Filed: October 31, 2023
    Publication date: February 22, 2024
    Inventors: Howard W. Lutnick, Peter Bartko
  • Publication number: 20240062302
    Abstract: 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: Application
    Filed: November 2, 2023
    Publication date: February 22, 2024
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
  • Patent number: 11847699
    Abstract: 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: Grant
    Filed: May 24, 2021
    Date of Patent: December 19, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Peter Bartko
  • Patent number: 11842399
    Abstract: 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: Grant
    Filed: May 24, 2022
    Date of Patent: December 12, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
  • Publication number: 20230214929
    Abstract: 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: Application
    Filed: March 10, 2023
    Publication date: July 6, 2023
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregoson, Brian Alexander Weston
  • Patent number: 11605132
    Abstract: 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: Grant
    Filed: September 14, 2020
    Date of Patent: March 14, 2023
    Assignee: BGC PARTNERS, L.P.
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Publication number: 20220284510
    Abstract: 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: Application
    Filed: May 24, 2022
    Publication date: September 8, 2022
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
  • Publication number: 20210279802
    Abstract: 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: Application
    Filed: May 24, 2021
    Publication date: September 9, 2021
    Inventors: Howard W. Lutnick, Peter Bartko
  • Patent number: 11017468
    Abstract: 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: Grant
    Filed: May 16, 2017
    Date of Patent: May 25, 2021
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Peter Bartko
  • Publication number: 20200410598
    Abstract: 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: Application
    Filed: September 14, 2020
    Publication date: December 31, 2020
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Patent number: 10776875
    Abstract: 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: Grant
    Filed: December 21, 2018
    Date of Patent: September 15, 2020
    Assignee: BGC PARTNERS, L.P.
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Publication number: 20200027164
    Abstract: 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: Application
    Filed: September 30, 2019
    Publication date: January 23, 2020
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
  • Patent number: 10460388
    Abstract: 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: Grant
    Filed: March 28, 2014
    Date of Patent: October 29, 2019
    Assignee: BGC PARTNERS, INC.
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston
  • Publication number: 20190188795
    Abstract: 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: Application
    Filed: December 21, 2018
    Publication date: June 20, 2019
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Patent number: 10185995
    Abstract: 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: Grant
    Filed: January 16, 2007
    Date of Patent: January 22, 2019
    Assignee: BGC PARTNERS, L.P.
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Publication number: 20170308956
    Abstract: 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: Application
    Filed: July 13, 2017
    Publication date: October 26, 2017
    Inventors: Peter Bartko, John Capuano, Sven Mika, Thomas D. Bradshaw
  • Publication number: 20170249700
    Abstract: 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: Application
    Filed: May 16, 2017
    Publication date: August 31, 2017
    Inventors: Howard W. Lutnick, Peter Bartko
  • Patent number: 9679333
    Abstract: 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: Grant
    Filed: April 27, 2007
    Date of Patent: June 13, 2017
    Assignee: BGC PARTNERS, INC.
    Inventors: Howard W. Lutnick, Peter Bartko
  • Publication number: 20160048920
    Abstract: 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: Application
    Filed: October 27, 2015
    Publication date: February 18, 2016
    Inventors: Peter Bartko, John Capuano, Sven Mika, Thomas D. Bradshaw
  • Publication number: 20140358757
    Abstract: 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: Application
    Filed: March 28, 2014
    Publication date: December 4, 2014
    Applicant: BGC PARTNERS, INC.
    Inventors: Peter Bartko, John Robert Capuano, Joseph C. Noviello, Brian Alexander Weston