Patents by Inventor Preston R. Ford
Preston R. Ford 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: 20140046825Abstract: Systems and methods for facilitating securities transactions are shown. In one embodiment, the method provides receiving a collection of order information from one or more order management systems, such that the order information for each order includes a security name and a side, searching for matching contra order information within the collection of order information, such that each matching contra information includes a buy side order information and a sell side order information, sending at least one side of the matching contra order information to at least one user workstation, and displaying the at least one side of the matching contra order information to a user.Type: ApplicationFiled: October 15, 2013Publication date: February 13, 2014Applicant: State Street Global Markets, LLCInventors: Preston R. FORD, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Patent number: 8583544Abstract: Systems and methods for facilitating securities transactions are shown. In one embodiment, the method provides for receiving order information from an order management system, sending a subset of the order information to an electronic trading marketplace, receiving a quantity value from the electronic trading marketplace corresponding to a quantity of shares in a matched contra-interest, determining whether an available quantity of shares in the order information is at least the received quantity value, sending a commitment message to the electronic trading marketplace if the received quantity value is less than or equal to the available quantity of shares in the order information, and sending a deny trade message to the electronic trading marketplace if the received quantity value is greater than the available quantity of shares in the order information.Type: GrantFiled: February 22, 2013Date of Patent: November 12, 2013Assignee: State Street Global Markets, LLCInventors: Preston R. Ford, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Patent number: 8521627Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described.Type: GrantFiled: April 18, 2007Date of Patent: August 27, 2013Assignees: Blockross Holdings, LLC, State Street Global Markets, LLC.Inventors: Preston R. Ford, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Publication number: 20130166434Abstract: Systems and methods for facilitating securities transactions are shown. In one embodiment, the method provides for receiving order information from an order management system, sending a subset of the order information to an electronic trading marketplace, receiving a quantity value from the electronic trading marketplace corresponding to a quantity of shares in a matched contra-interest, determining whether an available quantity of shares in the order information is at least the received quantity value, sending a commitment message to the electronic trading marketplace if the received quantity value is less than or equal to the available quantity of shares in the order information, and sending a deny trade message to the electronic trading marketplace if the received quantity value is greater than the available quantity of shares in the order information.Type: ApplicationFiled: February 22, 2013Publication date: June 27, 2013Inventors: Preston R. FORD, Paul D. FILIPSKI, Christian A. DUBOIS, John Mark ENRIQUEZ, Robert J. RUSSEL, Kevin K. SORBER
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Patent number: 8401958Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method provides for pricing shares of stock traded between anonymous parties without requiring pricing negotiations between parties. The method can include matching, via an electronic trading system, a first party and a second party in response to receiving contra binding orders for a security from the parties, transmitting, to each of the parties, an indication of the matching, receiving, via an electronic trading system, a first trade confirmation from the first party, determining, for the security, a midpoint of a price spread at the time the first trade confirmation was entered, receiving, via the electronic trading system, a second trade confirmation for the security from the second party, and executing, via the electronic trading system, a transaction for the security between the first and second parties, wherein the security price is determined in response to the determined midpoint.Type: GrantFiled: January 10, 2012Date of Patent: March 19, 2013Assignee: State Street Global Markets, LLCInventors: Preston R. Ford, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Publication number: 20120158568Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method provides for pricing shares of stock traded between anonymous parties without requiring pricing negotiations between parties. The method can include matching, via an electronic trading system, a first party and a second party in response to receiving contra binding orders for a security from the parties, transmitting, to each of the parties, an indication of the matching, receiving, via an electronic trading system, a first trade confirmation from the first party, determining, for the security, a midpoint of a price spread at the time the first trade confirmation was entered, receiving, via the electronic trading system, a second trade confirmation for the security from the second party, and executing, via the electronic trading system, a transaction for the security between the first and second parties, wherein the security price is determined in response to the determined midpoint.Type: ApplicationFiled: January 10, 2012Publication date: June 21, 2012Inventors: Preston R. Ford, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Patent number: 8117105Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described.Type: GrantFiled: March 18, 2008Date of Patent: February 14, 2012Assignees: Pulse Trading, Inc., Blockcross Holdings, LLCInventors: Preston R. Ford, Paul D. Filipski, Christian A. Dubois, John Mark Enriquez, Robert J. Russel, Kevin K. Sorber
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Publication number: 20090018945Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described.Type: ApplicationFiled: March 18, 2008Publication date: January 15, 2009Inventor: Preston R. FORD
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Publication number: 20080262957Abstract: A method for facilitating securities transactions is shown. In one embodiment, the method includes identifying, by a computer system from an OMS comprising a plurality of stored security orders, a subset of orders specifying at least a minimum available quantity; transmitting, by the computer system to an ETM, a non-binding indication corresponding to one order of the subset of orders, the non-binding indication comprising a security identifier and the order type; receiving, by the computer system, an indication that a match exists to the non-binding indication; determining, by the computer system, a total available quantity for the order corresponding to the non-binding indication; and transmitting, by the OMS, a binding order corresponding to the non-binding indication, the binding order comprising the determined total available quantity. Corresponding systems are also described.Type: ApplicationFiled: April 18, 2007Publication date: October 23, 2008Inventor: Preston R. Ford