Patents by Inventor Timothy H Heaton

Timothy H Heaton 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: 8660933
    Abstract: Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole.
    Type: Grant
    Filed: April 14, 2010
    Date of Patent: February 25, 2014
    Assignee: BGC Partners, Inc.
    Inventors: Philip Ginsberg, Timothy H. Heaton
  • Publication number: 20140052600
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Application
    Filed: August 12, 2013
    Publication date: February 20, 2014
    Applicant: BGC Partners, Inc
    Inventor: Timothy H. Heaton
  • Patent number: 8543469
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Grant
    Filed: April 14, 2010
    Date of Patent: September 24, 2013
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 8527363
    Abstract: Some embodiments may relate to determining information about a subset of auctions that have one or more chosen characteristics. Some embodiments include capturing data from a plurality of completed auctions; storing the data from the plurality of completed auctions; transmitting information about the data for presentation through an interface of a remote device; receiving, a request to compute statistical data about at least a portion of the plurality of completed auctions; determining the statistical data about the at least the portion of the plurality of completed auctions from at least a portion of the data; and transmitting the statistical data to the remote device of the user through the communication link. Various methods and apparatus are described.
    Type: Grant
    Filed: May 26, 2010
    Date of Patent: September 3, 2013
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 8510192
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Grant
    Filed: November 7, 2011
    Date of Patent: August 13, 2013
    Assignee: BGC Partners, Inc.
    Inventor: Timothy H. Heaton
  • Publication number: 20130159058
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Application
    Filed: September 13, 2012
    Publication date: June 20, 2013
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 8417620
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Grant
    Filed: February 10, 2010
    Date of Patent: April 9, 2013
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 8380611
    Abstract: On a display terminal of an electronic trading system, a graph is displayed having a first axis and a second axis, wherein the graph includes a curve corresponding to a range of values of a financial instrument. A user is allowed to select a portion of the graph. In response to the user selection of the portion of the graph, a trading dialog box is displayed on the display of the workstation, the dialog box being automatically populated with values for trading, the values based on the values of the selected portion of the graph.
    Type: Grant
    Filed: April 8, 2010
    Date of Patent: February 19, 2013
    Assignee: BGC Partners, Inc.
    Inventor: Timothy H. Heaton
  • Patent number: 8306903
    Abstract: Commission allocations in transaction management of auction-based trading for specialized items such as fixed income instruments. A plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, reward customers and brokers who participate in transactions, and distribute commission and transaction data in real time.
    Type: Grant
    Filed: April 23, 2010
    Date of Patent: November 6, 2012
    Assignee: BGC Partners, Inc.
    Inventors: Joel Weiss, Timothy H. Heaton
  • Patent number: 8195559
    Abstract: Systems and methods for determining an index for an item based on market information are provided. Market information about the item is received and compiled. A standard profile for the item is determined. Index information for the item is determined based on the compiled market information. The index information comprises historical price information and statistical information about the market for the item. The index information is displayed at a user interface and updated based on updated market information. Orders to trade futures and options contracts on the item may be received, communicated, and executed.
    Type: Grant
    Filed: October 23, 2009
    Date of Patent: June 5, 2012
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Publication number: 20120054080
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Application
    Filed: November 7, 2011
    Publication date: March 1, 2012
    Inventor: Timothy H. HEATON
  • Patent number: 8060427
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Grant
    Filed: October 11, 2010
    Date of Patent: November 15, 2011
    Assignee: BGC Partners, Inc.
    Inventor: Timothy H. Heaton
  • Publication number: 20110264589
    Abstract: Commission allocations in transaction management of auction-based trading for specialized items such as fixed income instruments. A plurality of workstations that are connected to a server, and a structured commission allocation protocol may be provided. Through the workstations, the server and the commission allocation protocol, the systems and methods may allocate commissions or fees when trading securities at accelerated levels with minimal errors and costs, control commission elements during real-time trading, reward customers and brokers who participate in transactions, and distribute commission and transaction data in real time.
    Type: Application
    Filed: April 23, 2010
    Publication date: October 27, 2011
    Inventors: JOEL WEISS, Timothy H. Heaton
  • Publication number: 20110258099
    Abstract: Futures contracts on options contracts are provided in which the duty to purchase the right to purchase a commodity or security may be agreed upon by two or more parties. The futures contract segment of the exchange device is the duty to purchase the underlying options contract at a specific time. The options contract segment of the exchange device is the right to buy an underlying security or commodity. Margin schemes may be included in either segment of the exchange device or the exchange device as a whole.
    Type: Application
    Filed: April 14, 2010
    Publication date: October 20, 2011
    Inventors: Philip GINSBERG, Timothy H. Heaton
  • Publication number: 20110251940
    Abstract: On a display terminal of an electronic trading system, a graph is displayed having a first axis and a second axis, wherein the graph includes a curve corresponding to a range of values of a financial instrument. A user is allowed to select a portion of the graph. In response to the user selection of the portion of the graph, a trading dialog box is displayed on the display of the workstation, the dialog box being automatically populated with values for trading, the values based on the values of the selected portion of the graph.
    Type: Application
    Filed: April 8, 2010
    Publication date: October 13, 2011
    Inventor: Timothy H. HEATON
  • Publication number: 20110029421
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Application
    Filed: October 11, 2010
    Publication date: February 3, 2011
    Inventor: Timothy H. HEATON
  • Patent number: 7813977
    Abstract: A graphical user interface related to non-standard settlement trading in financial instruments is provided. The graphical user interface preferably includes a selectable portion of a display screen related to a financial instrument and a selectable tab for accessing a selectable portion of the display screen related to one or a plurality of non-standard settlement positions with respect to the financial instrument. In one embodiment of the invention, when the tab is selected, access is provided to the selectable portion of the display screen related to the plurality of non-standard settlement positions.
    Type: Grant
    Filed: September 11, 2003
    Date of Patent: October 12, 2010
    Assignee: BGC Partners, Inc.
    Inventor: Timothy H Heaton
  • Publication number: 20100235227
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Application
    Filed: May 26, 2010
    Publication date: September 16, 2010
    Inventors: Timothy H. HEATON, Howard W. Lutnick
  • Publication number: 20100198748
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Application
    Filed: April 14, 2010
    Publication date: August 5, 2010
    Inventors: Timothy H. HEATON, Howard W. Lutnick
  • Publication number: 20100174659
    Abstract: Systems and methods for improving the liquidity and distribution network for luxury and other illiquid items are provided. These systems and methods preferably include the trading of futures and options contracts, which will provide the liquidity and distribution network for luxury items. Possible embodiments of these systems and methods include the trading of futures and options contracts for diamonds and wine. Another embodiment of this invention preferably includes generating indexes for diamond prices, wine prices, luxury item prices, housing values, mortgage prepayments, privately-held companies or for anything with from sufficiently liquid points of value. Another embodiment of this invention preferably includes a centralized data base for retrieving closing and current auction prices for determining the value of, and best method for the auctioning of various items. The data provided by this data base would improve liquidity by creating greater price transparency.
    Type: Application
    Filed: February 10, 2010
    Publication date: July 8, 2010
    Inventors: Timothy H. Heaton, Howard W. Lutnick