Patents by Inventor Peter Martyn
Peter Martyn 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: 8301539Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: July 9, 2001Date of Patent: October 30, 2012Assignee: The Nasdaq OMX Group, Inc.Inventors: Dean Furbush, Richard G. Ketchum, Daniel B. Franks, John Malitzis, Thomas P. Moran, Peter Martyn
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Patent number: 8296216Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: July 9, 2001Date of Patent: October 23, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: Dean Furbush, Richard G. Ketchum, Daniel B. Franks, John Malitzis, Thomas P. Moran, Peter Martyn
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Patent number: 8239303Abstract: A market system that includes an internal execution process is described. The system includes an order execution process that receives orders and matches orders against quotes posted in the system on a time priority basis and an order match-off process that checks if a market participant identification associated with a received order matches a market participant identification representing a quote in the system that is at the best bid or best offer price in the system.Type: GrantFiled: September 23, 1999Date of Patent: August 7, 2012Assignee: The NASDAQ OMX Group, Inc.Inventors: Peter Martyn, Stuart Serkin, John Malitzis
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Patent number: 7962399Abstract: A method for managing display of quotes for securities in an electronic market includes entering a quote into a system for trading securities, a portion of the entered quote being displayable and another portion of the entered quote being held as reserved quote interest, executing a portion of the displayable quote portion against interest in the market, aggregating an unexecuted displayable quote portion, with a portion of the reserved quote, if the unexecuted displayable quote portion is less than a round lot, and displaying the aggregate.Type: GrantFiled: November 21, 2002Date of Patent: June 14, 2011Assignee: The NASDAQ OMX Group, Inc.Inventors: Peter Martyn, Daniel F. Moore
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Patent number: 7870056Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: January 19, 2007Date of Patent: January 11, 2011Assignee: The NASDAQ OMX Group, Inc.Inventors: Richard G. Ketchum, Stuart Serkin, John Malitzis, Peter Martyn, Debra Peter, Patti Dizenhaus, Doug Brown
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Publication number: 20090030834Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: ApplicationFiled: July 29, 2008Publication date: January 29, 2009Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, John Hughes, Peter Martyn, Timothy Vincent
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Patent number: 7406447Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: GrantFiled: January 14, 2002Date of Patent: July 29, 2008Assignee: The NASDAQ OMX Group, Inc.Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, Timothy Vincent, John Hughes, Peter Martyn
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Patent number: 7359877Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The market has a facility, which receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The market also includes processes to handle odd-lot processing and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: March 19, 2001Date of Patent: April 15, 2008Assignee: The Nasdaq Stock Market, Inc.Inventors: John Malitzis, Peter Martyn, Daniel Franks, Debra Peter, Patricia Dizenhaus, Thomas Moran, Gene Lopez
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Patent number: 7246092Abstract: A dynamic quote window for a securities system includes a quote montage that displays quotes from market participants to buy or sell a security and a plurality of controls disposed proximate to the quote montage, each of the controls displaying a price level and aggregated quote size at the price level for the security. The aggregate controls display aggregated quotes at various price levels that represents publically displayed, available liquidity. Market participants can see the depth of the quotes at the inside. Also described in a multi-order window which when populated and transmitted can generate orders to capture all shares available at the price corresponding to the aggregate interest control depressed and better.Type: GrantFiled: May 12, 2000Date of Patent: July 17, 2007Assignee: The Nasdaq Stock Market, Inc.Inventors: Karen Peterson, Alyssa Ligammari, Paul Niche, Paul Zaremba, Peter Martyn, Thomas Boyce, Christopher Kokis, Robert Wheelock
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Publication number: 20070136182Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: January 19, 2007Publication date: June 14, 2007Inventors: Richard Ketchum, Stuart Serkin, John Malitzis, Peter Martyn, Debra Peter, Patti Dizenhaus, Doug Brown
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Patent number: 7181424Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: GrantFiled: September 23, 1999Date of Patent: February 20, 2007Assignee: The Nasdaq Stock Market, Inc.Inventors: Richard G. Ketchum, Stuart Serkin, John Malitzis, Peter Martyn, Debra Peter, Patti Dizenhaus, Doug Brown
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Publication number: 20060206404Abstract: A method, executed in a computer system, for opening an electronic market for trading of a security is described. The method includes receiving by the computer system eligible orders and quotes for the security traded in the electronic market and disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the open of trading. The method also includes determining by the computer system a price or prices at which the maximum shares would be executed and determining which price would minimize any imbalance of eligible orders and executing at least some of the eligible orders at the determined opening price.Type: ApplicationFiled: March 9, 2005Publication date: September 14, 2006Applicant: The Nasdaq Stock Market, Inc.Inventors: Frank Hatheway, Daniel Moore, Timothy Cox, Peter Martyn, Dan Franks, Adam Nunes, Timothy McCormick
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Publication number: 20050283421Abstract: A method for trading a security in an electronic market includes receiving closing orders and orders for the security traded in the electronic market, disseminating an order imbalance indicator indicative of predicted trading characteristics of the security at the close of trading, determining a closing price for the security based on the closing orders and orders, and executing at least some of the closing orders at the determined closing price.Type: ApplicationFiled: April 28, 2004Publication date: December 22, 2005Inventors: Frank Hatheway, Daniel Moore, Timothy Cox, Peter Martyn, Dan Franks, Adam Nunes, Oliver Albers
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Publication number: 20040019551Abstract: A method for managing display of quotes for securities in an electronic market includes entering a quote into a system for trading securities, a portion of the entered quote being displayable and another portion of the entered quote being held as reserved quote interest, executing a portion of the displayable quote portion against interest in the market, aggregating an unexecuted displayable quote portion, with a portion of the reserved quote, if the unexecuted displayable quote portion is less than a round lot, and displaying the aggregate.Type: ApplicationFiled: November 21, 2002Publication date: January 29, 2004Inventors: Peter Martyn, Daniel F. Moore
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Publication number: 20030135443Abstract: A system for determining an opening price for products traded over a distributed, networked computer system, includes a plurality of workstations for entering orders for financial products into the distributed, networked computer system and a server computer coupled to the workstations for receiving the orders. The server computer executes a server process that determines an opening price for the product. The server process identifies the oldest of interest at the most aggressive price on each side of the market and selects the older interest of the identified interest to designate as initial interest. The server process matches initial interest against all contra side interest.Type: ApplicationFiled: January 14, 2002Publication date: July 17, 2003Inventors: Daniel F. Moore, Yek Eng, Mark DeNat, Michael Galus, Richard Justice, Bruce E. Friedman, Timothy Vincent, John Hughes, Peter Martyn
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Publication number: 20030093359Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The market has a facility, which receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The market also includes processes to handle odd-lot processing and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: November 14, 2001Publication date: May 15, 2003Inventors: Peter Martyn, Karen Peterson
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Publication number: 20030009412Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: July 9, 2001Publication date: January 9, 2003Inventors: Dean Furbush, Richard G. Ketchum, Daniel B. Franks, John Malitzis, Thomas P. Moran, Peter Martyn
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Publication number: 20030009413Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: July 9, 2001Publication date: January 9, 2003Inventors: Dean Furbush, Richard G. Ketchum, Daniel B. Franks, John Malitzis, Thomas P. Moran, Peter Martyn
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Publication number: 20030009414Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process that receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window a plurality of price levels of a product traded in the market. The market also includes processes to handle lock/cross market conditions, match-off of order flow and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: July 9, 2001Publication date: January 9, 2003Inventors: Dean Furbush, Richard G. Ketchum, Daniel B. Franks, John Malitzis, Thomas P. Moran, Peter Martyn
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Publication number: 20020133454Abstract: An electronic market for trading of securities includes a plurality of client stations for entering quotes for securities and a server process. The market has a facility, which receives quotes from the clients, aggregates the quotes and causes a total of all aggregated quotes to be displayed for a plurality of price levels on the client systems. The market uses a graphical user that depicts aggregated quotes in an aggregate window, and a plurality of price levels of a product traded in the market. The market also includes processes to handle odd-lot processing and provides a central quote/order collector that interfaces to disparate order delivery systems to minimize dual liability of market makers.Type: ApplicationFiled: March 19, 2001Publication date: September 19, 2002Inventors: John Malitzis, Peter Martyn, Daniel Franks, Debra Peter, Patricia Dizenhaus, Thomas Moran, Gene Lopez