Patents by Inventor Steven Iaccheo
Steven Iaccheo 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: 8566221Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: GrantFiled: May 17, 2011Date of Patent: October 22, 2013Assignee: EBS Group LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward Howorka, Andrew Foray, Michael Merold
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Patent number: 8416801Abstract: In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.Type: GrantFiled: November 1, 2010Date of Patent: April 9, 2013Assignee: EBS Group LimitedInventors: Edward Howorka, Peter R. Horsfall, Steven Iaccheo, Michael Merold, Schalk Steyn
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Patent number: 8090643Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: GrantFiled: August 20, 2007Date of Patent: January 3, 2012Assignee: EBS Group LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward Howorka, Andrew Foray, Michael Merold
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Publication number: 20110276457Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: ApplicationFiled: May 17, 2011Publication date: November 10, 2011Applicant: EBS Group Ltd.Inventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward R. Howorka, Andrew P. Foray, Michael S. Merold
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Patent number: 8027895Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: GrantFiled: January 28, 2008Date of Patent: September 27, 2011Assignee: EBS Group LimitedInventors: Edward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Patent number: 7937306Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: GrantFiled: January 28, 2008Date of Patent: May 3, 2011Assignee: EBS Group LimitedInventors: Vladimir Neyman, Edward R. Howorka, Steven Iaccheo, Neena Jain, James Shu
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Publication number: 20110047064Abstract: In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.Type: ApplicationFiled: November 1, 2010Publication date: February 24, 2011Applicant: EBS GROUP LIMITEDInventors: Edward Howorka, Peter R. Horsfall, Steven Iaccheo, Michael Merold, Schalk Steyn
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Patent number: 7882017Abstract: An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: GrantFiled: June 29, 2010Date of Patent: February 1, 2011Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Patent number: 7848349Abstract: In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.Type: GrantFiled: September 8, 2006Date of Patent: December 7, 2010Assignee: EBS Group LimitedInventors: Edward Howorka, Peter R. Horsfall, Steven Iaccheo, Michael Merold, Schalk Steyn
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Publication number: 20100268636Abstract: An anonymous trading system comprises an interconnected network of broking noted arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: ApplicationFiled: June 29, 2010Publication date: October 21, 2010Inventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Patent number: 7774260Abstract: An anonymous trading system comprises an interconnected network of broking nodes arranged in cliques which receive buy and sell orders from trader terminals via connected trading engines and which match persistent orders, executed deals and distribute price information to trader terminals. Where two orders are matched, a proposed deal message is sent by the matching broker. If another broker has processed an event which makes the matched quote unavailable the match fails and rematch may occur. Rematch may be attempted by an intermediate broker provided it owns one side of the match, or it received both sides of the match from brokers in different cliques. The intermediate broker attempts to match with the next available quote in the queue.Type: GrantFiled: March 27, 2002Date of Patent: August 10, 2010Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu
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Patent number: 7693774Abstract: An anonymous trading system comprises a network of broker nodes each of which perform price matching, deal execution and market distribution. Trader terminals on trading floors are connected to a given broker node via a trading agent node. Credit may be stored for a given trading floor at its trading agent node or at a credit agent node which stores credit limits for a group of trading floors. Where the credit limits of a party to a proposed deal are stored at a credit agent node, the deal execution process is routed through that credit agent node to check for available credit. The system allows institutions to adopt any combination of local and global credit assignments with counterparties with which it wishes to trade.Type: GrantFiled: June 29, 2001Date of Patent: April 6, 2010Assignee: EBS Group LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu, Michael S. Merold, Alastair G. Crane, Srivathsan Krishnasami, Roy S. McPherson, Paul M. Ginsberg, Gregory D. Mills
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Publication number: 20080120377Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: ApplicationFiled: January 28, 2008Publication date: May 22, 2008Inventors: Edward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Publication number: 20080120223Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: ApplicationFiled: January 28, 2008Publication date: May 22, 2008Inventors: Edward Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Patent number: 7366690Abstract: An anonymous trading system comprises a network of broker nodes, each of which have an equal status and can match orders, initiate deals and distribute prices. Trading agents are connected to some or all of the broker nodes. The network is arranged to conform to a series of rules and in a preferred embodiment the brokers are arranged as a clique tree.Type: GrantFiled: June 23, 2000Date of Patent: April 29, 2008Assignee: EBS Group LimitedInventors: Edward R. Howorka, Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu
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Patent number: 7333952Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesized from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: GrantFiled: June 23, 2000Date of Patent: February 19, 2008Assignee: EBS Group LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward R. Howorka, Andrew P. Foray, Michael S. Merold
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Publication number: 20080040256Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesised from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: ApplicationFiled: August 20, 2007Publication date: February 14, 2008Inventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward Howorka, Andrew Foray, Michael Merold
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Publication number: 20070124419Abstract: In a trading system market data from a matching engine is distributed by a broker to a plurality of trading floors repeatedly every T seconds, typically one second. This one second distribution period is divided into a plurality of time slots and each trading floor is randomly assigned to a slot. Data for a given trading floor is calculated and distributed during the time slot assigned to that floor. The position of a trading floor relative to others is varied by swapping a pair of adjacent time slots every J distribution periods.Type: ApplicationFiled: September 8, 2006Publication date: May 31, 2007Applicant: EBS Group LimitedInventors: Edward Howorka, Peter Horsfall, Steven Iaccheo, Michael Merold, Schalk Steyn
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Publication number: 20020133455Abstract: An anonymous trading system comprises a network of broker nodes each of which perform price matching, deal execution and market distribution. Trader terminals on trading floors are connected to a given broker node via a trading agent node. Credit may be stored for a given trading floor at its trading agent node or at a credit agent node which stores credit limits for a group of trading floors. Where the credit limits of a party to a proposed deal are stored at a credit agent node, the deal execution process is routed through that credit agent node to check for available credit. The system allows institutions to adopt any combination of local and global credit assignments with counterparties with which it wishes to trade.Type: ApplicationFiled: June 29, 2001Publication date: September 19, 2002Applicant: Electronic Broking Services LimitedInventors: Edward R. Howorka, Neena Jain, Steven Iaccheo, Vladimir Neyman, James Shu, Michael S. Merold, Alastair G. Crane, Srivathsan Krishnasami, Roy S. McPherson, Paul M. Ginsberg, Gregory D. Mills
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Publication number: 20020107781Abstract: Joint execution type compound orders can be processed in an anonymous trading system comprising a plurality of broker nodes each of which includes an order matching functionality and a market distribution functionality. Trader agent nodes are connected to a number of dealer terminals grouped in trading floors and also to a broker node. Joint execution orders are entered as hit orders and are all matched by the broker during the hit or the order is cancelled. If matches are made the taker's trading agent does not complete any of the deals marking up the order until it knows that all the deals are executable. The system may be used to allow traders to hit bids and offers in currency pairs synthesized from other currency pairs. In this arrangement the dealer enters a simple order in the synthetic currency and the taker's trading agent converts it into a joint execution order.Type: ApplicationFiled: June 29, 2001Publication date: August 8, 2002Applicant: Electronic Broking Services LimitedInventors: Vladimir Neyman, Steven Iaccheo, Neena Jain, James Shu, Edward R. Howorka, Andrew P. Foray, Michael S. Merold