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: 7729949
    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 5, 2007
    Date of Patent: June 1, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 7707096
    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: December 24, 2002
    Date of Patent: April 27, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Philip Ginsberg, Timothy H. Heaton
  • Patent number: 7707097
    Abstract: The present invention is related to systems and methods for implementing commission allocations in transaction management of auction-based trading for specialized items such as interest-rate-related instruments. In accordance with these systems and methods, 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, and distribute commission and transaction data in real time.
    Type: Grant
    Filed: January 14, 2003
    Date of Patent: April 27, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Joel Weiss, Timothy H Heaton
  • Patent number: 7696997
    Abstract: Systems and methods for providing an interactive graphical representation of a market for an electronic trading system are provided. A graph may be displayed on a display of a workstation in an electronic trading system. In one example, the graph may include a curve corresponding to a range of values of a financial instrument. In another example, the graph may include symbols that represent bids and offers for one or more financial instruments. A user may be allowed to select a portion of the graph. In response to the user's selection, a trading dialog box may be provided, thereby allowing the user to place a trade directly from the graph.
    Type: Grant
    Filed: August 16, 2006
    Date of Patent: April 13, 2010
    Assignee: BGC Partners, Inc.
    Inventor: Timothy H. Heaton
  • Patent number: 7685050
    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: October 28, 2002
    Date of Patent: March 23, 2010
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H Heaton, Howard W Lutnick
  • Publication number: 20100042531
    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: Application
    Filed: October 23, 2009
    Publication date: February 18, 2010
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 7610242
    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 5, 2007
    Date of Patent: October 27, 2009
    Assignee: BGC Partners, Inc.
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Patent number: 7113190
    Abstract: Systems and methods for providing an interactive graphical representation of a market for an electronic trading system are provided. A graph may be displayed on a display of a workstation in an electronic trading system. In one example, the graph may include a curve corresponding to a range of values of a financial instrument. In another example, the graph may include symbols that represent bids and offers for one or more financial instruments. A user may be allowed to select a portion of the graph. In response to the user's selection, a trading dialog box may be provided, thereby allowing the user to place a trade directly from the graph.
    Type: Grant
    Filed: November 27, 2002
    Date of Patent: September 26, 2006
    Assignee: eSpeed, Inc.
    Inventor: Timothy H Heaton
  • Publication number: 20040100467
    Abstract: Systems and methods for providing an interactive graphical representation of a market for an electronic trading system are provided. A graph may be displayed on a display of a workstation in an electronic trading system. In one example, the graph may include a curve corresponding to a range of values of a financial instrument. In another example, the graph may include symbols that represent bids and offers for one or more financial instruments. A user may be allowed to select a portion of the graph. In response to the user's selection, a trading dialog box may be provided, thereby allowing the user to place a trade directly from the graph.
    Type: Application
    Filed: November 27, 2002
    Publication date: May 27, 2004
    Applicant: eSpeed, Inc.
    Inventor: Timothy H. Heaton
  • Publication number: 20030125982
    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: December 24, 2002
    Publication date: July 3, 2003
    Inventors: Philip Ginsberg, Timothy H. Heaton
  • Publication number: 20030115131
    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: October 28, 2002
    Publication date: June 19, 2003
    Applicant: eSpeed Inc., a corporation of Delaware
    Inventors: Timothy H. Heaton, Howard W. Lutnick
  • Publication number: 20030109310
    Abstract: Systems and methods for assisting game play and wagering are provided. A game assistant system may provide a user with advice on game play or wagering for casino games such as blackjack, roulette, poker, craps, slots, or baccarat. The game assistant may also provide a user with advice on wagering events (e.g., horse racing, etc.) or on other games (e.g., backgammon, chess, etc.). The information provided by the game and wagering assistant during game play or a wagering event may allow a user to minimize losses or the statistical advantage of a casino or game provider. The game and wagering assistant system may also allow a user to allocate a particular amount of money for wagering on games or events, and allow the user to control the rate at which the money is expended.
    Type: Application
    Filed: November 1, 2002
    Publication date: June 12, 2003
    Inventors: Timothy H. Heaton, Howard W. Lutnick