Patents by Inventor Richard Hartheimer

Richard Hartheimer 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).

  • Patent number: 7627520
    Abstract: A system and method calculate an optimal rates in a multi-source price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
    Type: Grant
    Filed: October 18, 2006
    Date of Patent: December 1, 2009
    Assignee: Currenex, Inc.
    Inventors: Kelly James Fletcher Wilson, Cary David Rosenwald, Sean Michael Gilman, Richard Hartheimer
  • Patent number: 7610238
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS A1a1) with which each party (WS A1b1, WS A1b2, . . . . WSA2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Grant
    Filed: June 7, 2005
    Date of Patent: October 27, 2009
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Patent number: 7584145
    Abstract: A system and method provide price validation for market makers in over the counter (OTC) markets. Specifically, the system compares a new or existing price provided by a market maker with a base rate. If the unilateral difference is less than or equal to a configurable tolerance, the price may be added to validated rates. The unilateral difference is an amount that the new bid source rate is greater than the bid base rate or an amount that the new offer source rate is less than the offer base rate. On the other hand, if the difference is more than the tolerance, the price may be ignored or removed by the system. As a result, the system provides protection against trading on invalid off-market rates or stale rates that is caused by system latency or other types of temporary anomalies.
    Type: Grant
    Filed: October 24, 2006
    Date of Patent: September 1, 2009
    Assignee: Currenex, Inc.
    Inventors: Romain Rossier, David Vinh Lu, Patrick William Howard, Sean Michael Gilman, Cary David Rosenwald, Richard Hartheimer
  • Publication number: 20080097889
    Abstract: A system and method calculate an optimal rates in a multi-source price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
    Type: Application
    Filed: October 18, 2006
    Publication date: April 24, 2008
    Inventors: Kelly James Fletcher Wilson, Cary David Rosenwald, Sean Michael Gilman, Richard Hartheimer
  • Publication number: 20080097890
    Abstract: A system and method provide price validation for market makers in over the counter (OTC) markets. Specifically, the system compares a new or existing price provided by a market maker with a base rate. If the unilateral difference is less than or equal to a configurable tolerance, the price may be added to validated rates. The unilateral difference is an amount that the new bid source rate is greater than the bid base rate or an amount that the new offer source rate is less than the offer base rate. On the other hand, if the difference is more than the tolerance, the price may be ignored or removed by the system. As a result, the system provides protection against trading on invalid off-market rates or stale rates that is caused by system latency or other types of temporary anomalies.
    Type: Application
    Filed: October 24, 2006
    Publication date: April 24, 2008
    Inventors: Romain Rossier, David Vinh Lu, Patrick William Howard, Sean Michael Gilman, Cary David Rosenwald, Richard Hartheimer
  • Publication number: 20070250433
    Abstract: A system and method provide a one-order methodology in over the counter (OTC) markets to enhance execution performance by allowing a single order to be executable in multiple liquidity pools (also referred to as exchange platforms or exchange markets). The liquidity pools typically have different credit constraints and requirements to attract different customers. A customer may have an established trading relationship and credit with multiple liquidity pools. The system and method enable the customer to place an order simultaneously in multiple liquidity pools and receive the best possible price match, also referred to as a fill. Execution certainty is therefore enhanced. The system and method also process an order faster than with traditional order routing processes.
    Type: Application
    Filed: April 25, 2006
    Publication date: October 25, 2007
    Inventors: Harsha Bhat, Kelly Wilson, David Lu, Sean Gilman, Cary Rosenwald, Richard Hartheimer
  • Patent number: 7003488
    Abstract: An anonymous trading system identifies the best bids and offers from those counterparties with which each party is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price is calculated for each of the traders dealing with that particular financial instrument.
    Type: Grant
    Filed: September 22, 2003
    Date of Patent: February 21, 2006
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Michael F. Dunne, Richard Hartheimer, Michael Togher
  • Patent number: 6996541
    Abstract: An anonymous trading system identifies the best bids and offers from those counterparties with which each party is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price is calculated for each of the traders dealing with that particular financial instrument.
    Type: Grant
    Filed: September 22, 2003
    Date of Patent: February 7, 2006
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Patent number: 6985883
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS A1a1) with which each party (WS A1fb1, WS A1b2, ... WS A2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Grant
    Filed: May 2, 2000
    Date of Patent: January 10, 2006
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Publication number: 20050228748
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS A1a1) with which each party (WS A1b1, WS A1b2, . . . . WSA2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Application
    Filed: June 7, 2005
    Publication date: October 13, 2005
    Applicant: EBS Dealing Resources, Inc.
    Inventors: Michael Togher, Michael Dunne, Richard Hartheimer
  • Publication number: 20040059668
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS A1a1) with which each party (WS A1b1, WS A1b2, . . . WSA2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Application
    Filed: September 22, 2003
    Publication date: March 25, 2004
    Applicant: EBS DEALING RESOURCES, INC.
    Inventors: Michael F. Togher, Michael F. Dunne, Richard Hartheimer
  • Publication number: 20040059669
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS Alal ) with which each party (WS A1b1, WS A1b2, . . . WSA2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous “Dealable” price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Application
    Filed: September 22, 2003
    Publication date: March 25, 2004
    Applicant: EBS DEALING RESOURCES, INC.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Patent number: 6014627
    Abstract: An anonymous trading system (FIG. 1) identifies the best bids and offers (QuoteSubmit, FIG. 3) from those counterparties (WS Alal ) with which each party (WS A1b1, WS A1b2, . . . WSA2a2) is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer (QuoteSubmit, FIG. 3) for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous "Dealable" price (24,26) is calculated for each of the traders (WS A1b, . . . WS A2a) dealing with that particular financial instrument.
    Type: Grant
    Filed: June 18, 1996
    Date of Patent: January 11, 2000
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Patent number: 5806050
    Abstract: A method for vocalizing information from an electronic brokerage system (EBS) used in international currency exchange incorporates a specialized grammar to emulate the interpersonal trading style and vernacular used by foreign currency brokers catering to the international banking industry. Used in conjunction with the screen display of an EBS, the vocalizing method makes the system easier for a trader to use by emphasizing information content. The vocalizing method optimizes redundancy of data available to the user to minimize both the ambiguity of data to and the cognitive effort of the user. The vocalizing method chooses what data should be vocalized, when the data should be vocalized, and, in what manner the data should be vocalized. For example, a long form of the offer and bid prices is initially vocalized which includes both figure and pips data, but thereafter only the pips are vocalized. Three categories of messages each provide different data to the system user.
    Type: Grant
    Filed: November 12, 1993
    Date of Patent: September 8, 1998
    Assignee: EBS Dealing Resources, Inc.
    Inventors: Phil Shinn, Richard Hartheimer, Edward Howorka, Chris Klepka
  • Patent number: 5375055
    Abstract: An anonymous trading system identifies the best bids and offers from those counterparties with which each party is currently eligible to deal, while maintaining the anonymity of the potential counterparty and the confidentiality of any specific credit limitations imposed by the anonymous potential counterparty. To that end, each bid or offer for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information (for example, a one bit flag indicating whether a predetermined limit has already been exceeded) and an anonymous "Dealable" price is calculated for each of the traders dealing with that particular financial instrument.
    Type: Grant
    Filed: February 3, 1992
    Date of Patent: December 20, 1994
    Assignee: Foreign Exchange Transaction Services, Inc.
    Inventors: Michael Togher, Michael F. Dunne, Richard Hartheimer
  • Patent number: 5305200
    Abstract: A distributed processing on-line automated trading system uses structured messages to represent each stage in the negotiation between a market maker (quoter) and a potential buyer or seller (requestor). Such a system is subject to uncertainties caused by the fact that a variable time is required for an order (buy or sell) message to be transmitted from the requestor to the quoter, or for a cancel (quote interrupt) message to be transmitted from the quoter to the requestor. Furthermore, it is possible that an equipment failure in the network, either in a communication link or even at the workstation of one of the traders, will prevent a small fraction of such order messages and cancel messages from reaching their intended destination within the relatively short time-frame typically associated with an on-line transaction system.
    Type: Grant
    Filed: November 2, 1990
    Date of Patent: April 19, 1994
    Assignee: Foreign Exchange Transaction Services, Inc.
    Inventors: Richard Hartheimer, Michael Coleman, Chris Klepka, Geoffrey Poole
  • Patent number: 5289578
    Abstract: A respective unique dormant address is permanently associated with each of two sibling computers located at a particular node of a communications network. A selected one of the sibling computers is activated by associating an overriding common active node address with the selected computer. Application programs running at other nodes of the network utilize this active node address and thus interface with whichever sibling computer is identified by the active node address. Accordingly, the dormant computer and its physical connection to the network may be monitored by the communications software using its unique dormant address and the dormant computer is always available to replace the active computer in a manner that is transparent to any other computers connected to other nodes of the network.
    Type: Grant
    Filed: November 9, 1990
    Date of Patent: February 22, 1994
    Assignee: Foreign Exchange Transaction Services, Inc.
    Inventors: Richard Hartheimer, Michael Coleman, Chris Klepka, Geoffrey Poole
  • Patent number: RE44780
    Abstract: A system and method calculate an optimal rates in a multi-source price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
    Type: Grant
    Filed: August 3, 2011
    Date of Patent: February 25, 2014
    Assignee: Currenex, Inc.
    Inventors: Kelly J. F. Wilson, Cary D. Rosenwald, Sean M. Gilman, Richard Hartheimer
  • Patent number: RE44781
    Abstract: A system and method calculate an optimal rates in a multi-source price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
    Type: Grant
    Filed: May 2, 2012
    Date of Patent: February 25, 2014
    Assignee: Currenex, Inc.
    Inventors: Kelly J. F. Wilson, Cary D. Rosenwald, Sean M. Gilman, Richard Hartheimer
  • Patent number: RE44965
    Abstract: A system and method calculate an optimal rates in a multisource price engine in over the counter (OTC) markets. The system and method integrate rates from multiple liquidity sources to generate an output rate that can be transacted upon. Specifically, the system and method calculate a best bid/offer rate from input rates provided by multiple liquidity sources and apply a target spread and minimum profit to the best bid/offer rate to generate an optimal output rate. The optimal output rate may be a function of many factors, including market conditions, customer credit, and the preferences of the market maker or broker.
    Type: Grant
    Filed: May 2, 2012
    Date of Patent: June 24, 2014
    Assignee: Currenex, Inc.
    Inventors: Kelly J. F. Wilson, Cary D. Rosenwald, Sean M. Gilman, Richard Hartheimer