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).
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Patent number: 11068986Abstract: 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: GrantFiled: February 13, 2020Date of Patent: July 20, 2021Assignee: Trading Technologies International, Inc.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Publication number: 20200184563Abstract: 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: ApplicationFiled: February 13, 2020Publication date: June 11, 2020Inventors: Steven F. BORSAND, Michael J. BURNS, Scott F. SINGER
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Patent number: 10600120Abstract: 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: GrantFiled: April 28, 2014Date of Patent: March 24, 2020Assignee: Trading Technologies International, Inc.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Publication number: 20140236802Abstract: 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: ApplicationFiled: April 28, 2014Publication date: August 21, 2014Applicant: TRADING TECHNOLOGIES INTERNATIONAL, INC.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Patent number: 8751358Abstract: 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: GrantFiled: March 27, 2012Date of Patent: June 10, 2014Assignee: Trading Technologies International, IncInventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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System and method for trading and displaying market information in an electronic trading environment
Patent number: 8442890Abstract: 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: GrantFiled: May 3, 2006Date of Patent: May 14, 2013Assignee: Trading Technologies International, Inc.Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett -
Publication number: 20120185376Abstract: 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: ApplicationFiled: March 27, 2012Publication date: July 19, 2012Applicant: Trading Technologies International Inc.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Patent number: 8170950Abstract: 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: GrantFiled: December 18, 2008Date of Patent: May 1, 2012Assignee: Trading Technologies International, Inc.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Patent number: 7941362Abstract: 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: GrantFiled: October 21, 2010Date of Patent: May 10, 2011Assignee: Trading Technologies International, Inc.Inventor: Steven F. Borsand
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Publication number: 20110040672Abstract: 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: ApplicationFiled: October 21, 2010Publication date: February 17, 2011Inventor: Steven F. Borsand
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Patent number: 7844525Abstract: 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: GrantFiled: April 6, 2010Date of Patent: November 30, 2010Assignee: Trading Technologies International, Inc.Inventor: Steven F. Borsand
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Publication number: 20100191642Abstract: 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: ApplicationFiled: April 6, 2010Publication date: July 29, 2010Applicant: TRADING TECHNOLOGIES INTERNATIONAL INC.Inventor: Steven F. Borsand
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Patent number: 7742977Abstract: 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: GrantFiled: May 3, 2006Date of Patent: June 22, 2010Assignee: Trading Technologies International Inc.Inventor: Steven F. Borsand
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Patent number: 7668767Abstract: 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: GrantFiled: October 1, 2003Date of Patent: February 23, 2010Assignee: Trading Technologies International, Inc.Inventor: Steven F. Borsand
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Patent number: 7483855Abstract: 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: GrantFiled: May 2, 2006Date of Patent: January 27, 2009Assignee: Trading Technologies International, Inc.Inventors: Steven F. Borsand, Michael J. Burns, Scott F. Singer
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Patent number: 7426490Abstract: 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: GrantFiled: October 31, 2002Date of Patent: September 16, 2008Assignee: Trading Technologies International, Inc.Inventors: Steven F. Borsand, Michael Burns, Scott F. Singer
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System and method for trading and displaying market information in an electronic trading environment
Patent number: 7389258Abstract: 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: GrantFiled: May 3, 2006Date of Patent: June 17, 2008Assignee: Trading Technologies International, Inc.Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett -
System and method for trading and displaying market information in an electronic trading environment
Patent number: 7228289Abstract: 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: GrantFiled: February 28, 2003Date of Patent: June 5, 2007Assignee: Trading Technologies International, Inc.Inventors: Harris C. Brumfield, Steven F. Borsand, Mark W. Triplett -
System and method for trading and displaying market information in an electronic trading environment
Publication number: 20040117292Abstract: 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: ApplicationFiled: February 28, 2003Publication date: June 17, 2004Inventors: Harris Brumfield, Steven F. Borsand, Mark W. Triplett