Patents by Inventor Thomas F. Haller
Thomas F. Haller 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: 10885582Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: GrantFiled: May 3, 2006Date of Patent: January 5, 2021Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 10853878Abstract: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.Type: GrantFiled: March 13, 2015Date of Patent: December 1, 2020Assignee: NYSE Group, Inc.Inventor: Thomas F. Haller
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Publication number: 20200211113Abstract: An unpriced order auction and related market center and process are disclosed which allow posting market centers (e.g., exchanges) to schedule an auction that includes unpriced (Market) orders only. Such unpriced order auction executes at the midpoint of the NBBO, ensuring that the cross reflects the best prices in the entire marketplace, while discouraging the manipulation of the auction price on the posting market center. The disclosed auction also executes concurrently, but separately from the regular continuous matching process.Type: ApplicationFiled: February 27, 2020Publication date: July 2, 2020Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20200134724Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: ApplicationFiled: December 30, 2019Publication date: April 30, 2020Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Publication number: 20200118208Abstract: A directed order process and related market center system are disclosed, wherein a market center system grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center system automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior interest in an electronic marketplace before crossing, all while maintaining anonymity amongst the parties.Type: ApplicationFiled: December 9, 2019Publication date: April 16, 2020Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 10614520Abstract: A tracking liquidity order and related market center and process are disclosed which allow posting market centers (e.g. exchanges) to fill routable, smaller orders that would have otherwise routed off the posting market center. Such tracking liquidity orders increase the liquidity of that posting market center and allow it to execute more orders internally, without having to route them to an away market center.Type: GrantFiled: May 3, 2006Date of Patent: April 7, 2020Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 10540716Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: GrantFiled: June 19, 2014Date of Patent: January 21, 2020Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 10521858Abstract: A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order.Type: GrantFiled: September 12, 2012Date of Patent: December 31, 2019Assignee: NYSE Group, Inc.Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
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Patent number: 10475120Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: GrantFiled: April 13, 2015Date of Patent: November 12, 2019Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 9898783Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: GrantFiled: April 13, 2015Date of Patent: February 20, 2018Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Patent number: 9846909Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: GrantFiled: November 20, 2014Date of Patent: December 19, 2017Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20150221033Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: ApplicationFiled: April 13, 2015Publication date: August 6, 2015Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20150213554Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: ApplicationFiled: April 13, 2015Publication date: July 30, 2015Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20150187007Abstract: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.Type: ApplicationFiled: March 13, 2015Publication date: July 2, 2015Inventor: Thomas F. Haller
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Publication number: 20150081515Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: ApplicationFiled: November 20, 2014Publication date: March 19, 2015Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20150081513Abstract: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.Type: ApplicationFiled: November 20, 2014Publication date: March 19, 2015Inventor: Thomas F. Haller
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Publication number: 20140304141Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: ApplicationFiled: June 19, 2014Publication date: October 9, 2014Inventors: Michael A. Cormack, Jennifer L. Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20140279356Abstract: A trading platform adapted for pairs trading of unrelated securities from one or more asset classes using a single order approach is provided.Type: ApplicationFiled: February 26, 2014Publication date: September 18, 2014Applicant: NYSE Group, Inc.Inventor: Thomas F. Haller
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Patent number: 8799131Abstract: A directed order process and related market center are disclosed, wherein a market center grants permission to order sending firms to send directed order flow to participating designated market makers. Such designated market makers create a virtual guarantee order book for each permissioned order sending firm. If an order sending firm sends a directed order to the market center that is marketable against a virtual guarantee order, then the market center automatically pairs the orders in a two-sided directed cross order instruction, which executes against any superior trading interest in the marketplace first before crossing.Type: GrantFiled: September 22, 2006Date of Patent: August 5, 2014Assignee: NYSE Group, Inc.Inventors: Michael A. Cormack, Jennifer L Drake, Thomas F. Haller, Robert A. Hill
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Publication number: 20130006839Abstract: A reprice-to-block order and related market center and process are disclosed which automatically reprice a posted limit order to the price of a block trade executed at an inferior price on a market away from the market center that posted the limit order.Type: ApplicationFiled: September 12, 2012Publication date: January 3, 2013Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill