Patents by Inventor Steven F. Borsand

Steven F. Borsand 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: 11068986
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: February 13, 2020
    Date of Patent: July 20, 2021
    Assignee: Trading Technologies International, Inc.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Publication number: 20200184563
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Application
    Filed: February 13, 2020
    Publication date: June 11, 2020
    Inventors: Steven F. BORSAND, Michael J. BURNS, Scott F. SINGER
  • Patent number: 10600120
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: April 28, 2014
    Date of Patent: March 24, 2020
    Assignee: Trading Technologies International, Inc.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Publication number: 20140236802
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Application
    Filed: April 28, 2014
    Publication date: August 21, 2014
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Patent number: 8751358
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: March 27, 2012
    Date of Patent: June 10, 2014
    Assignee: Trading Technologies International, Inc
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Patent number: 8442890
    Abstract: A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader.
    Type: Grant
    Filed: May 3, 2006
    Date of Patent: May 14, 2013
    Assignee: Trading Technologies International, Inc.
    Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett
  • Publication number: 20120185376
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Application
    Filed: March 27, 2012
    Publication date: July 19, 2012
    Applicant: Trading Technologies International Inc.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Patent number: 8170950
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user-defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: December 18, 2008
    Date of Patent: May 1, 2012
    Assignee: Trading Technologies International, Inc.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Patent number: 7941362
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Grant
    Filed: October 21, 2010
    Date of Patent: May 10, 2011
    Assignee: Trading Technologies International, Inc.
    Inventor: Steven F. Borsand
  • Publication number: 20110040672
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Application
    Filed: October 21, 2010
    Publication date: February 17, 2011
    Inventor: Steven F. Borsand
  • Patent number: 7844525
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Grant
    Filed: April 6, 2010
    Date of Patent: November 30, 2010
    Assignee: Trading Technologies International, Inc.
    Inventor: Steven F. Borsand
  • Publication number: 20100191642
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Application
    Filed: April 6, 2010
    Publication date: July 29, 2010
    Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.
    Inventor: Steven F. Borsand
  • Patent number: 7742977
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Grant
    Filed: May 3, 2006
    Date of Patent: June 22, 2010
    Assignee: Trading Technologies International Inc.
    Inventor: Steven F. Borsand
  • Patent number: 7668767
    Abstract: A system and method for dynamic quantity orders in an electronic trading environment are described. According to one method, a dynamic quantity order includes a price, a desired order quantity and a percentage associated with an estimated order quantity that will be filled in an order queue. When the order is received at an electronic exchange, the order is sorted into a pro-rata order queue, and the exchange may estimate a potential order quantity that will be filled in the order queue at the price based on the defined percentage. Subsequently, the exchange may then increase the order quantity of the dynamic quantity order so that if the estimated number of fills occurs, the order quantity of the dynamic quantity order will be filled.
    Type: Grant
    Filed: October 1, 2003
    Date of Patent: February 23, 2010
    Assignee: Trading Technologies International, Inc.
    Inventor: Steven F. Borsand
  • Patent number: 7483855
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user-defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: May 2, 2006
    Date of Patent: January 27, 2009
    Assignee: Trading Technologies International, Inc.
    Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
  • Patent number: 7426490
    Abstract: Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user-defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.
    Type: Grant
    Filed: October 31, 2002
    Date of Patent: September 16, 2008
    Assignee: Trading Technologies International, Inc.
    Inventors: Steven F. Borsand, Michael Burns, Scott F. Singer
  • Patent number: 7389258
    Abstract: A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader.
    Type: Grant
    Filed: May 3, 2006
    Date of Patent: June 17, 2008
    Assignee: Trading Technologies International, Inc.
    Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett
  • Patent number: 7228289
    Abstract: A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader.
    Type: Grant
    Filed: February 28, 2003
    Date of Patent: June 5, 2007
    Assignee: Trading Technologies International, Inc.
    Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett
  • Publication number: 20040117292
    Abstract: A system and method for trading and displaying market information along a static axis are described to ensure fast and accurate execution of trades. The static axis, whether is a straight axis or a curved one, can be oriented in any direction. Regardless of how the axis is oriented, a first region may display price levels that are arranged along the static axis. A second region, which overlaps the first region, may display one or more indicators for highlighting one of the price levels associated with the lowest offer and one of the price levels associated with the highest bid. Moreover, a third region, which overlaps the first region, may be included for initiating placement of an order to buy or an order to sell the tradeable object through an action of a user input device. Other overlapping regions may also be displayed so that additional market information may be viewed by a trader.
    Type: Application
    Filed: February 28, 2003
    Publication date: June 17, 2004
    Inventors: Harris Brumfield, Steven F. Borsand, Mark W. Triplett