Trading, Matching, Or Bidding Patents (Class 705/37)
  • Patent number: 11651353
    Abstract: A plurality of computer-based transactions facilitated by each of a plurality of custodians are monitored. A first transaction of the plurality of transactions includes a transfer of an amount of cryptocurrency of a first type by a first counterparty to a second counterparty in exchange for an amount of cryptocurrency of a second, different type. Transaction packages are generated by each counterparty which include requisite information to effect the transfer. A settlement coordinator asynchronously receives (via a computing network) the transaction packages which specify information required to (i) transfer the cryptocurrency of the first type from the first counterparty to the second counterparty on a first blockchain and (ii) transfer the cryptocurrency of the second type from the second counterparty to the first counterparty on a second blockchain.
    Type: Grant
    Filed: August 26, 2020
    Date of Patent: May 16, 2023
    Assignee: Membrane Labs Inc.
    Inventor: Carson Raymond Cook
  • Patent number: 11651427
    Abstract: The disclosed embodiments provide pre-hedge rules and tools for creating pre-hedge rules. An example method includes receiving an indication that a first leg of a spread trade is at least partially filled; and in response to the indication and before an order associated with a second leg of the spread trade is placed, determining whether a condition defined in a rule is satisfied and, when the condition is satisfied, performing an action defined in the rule.
    Type: Grant
    Filed: January 23, 2014
    Date of Patent: May 16, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Patricia A. Messina, Thomas R. Zagara
  • Patent number: 11645714
    Abstract: A method for trading a financial instrument via an exchange computing system includes receiving, from a user interface, data indicative of an order to trade the financial instrument, and one or more parameter values to customize parameters for the order, the parameters including at least one of a price, a quantity, an expiration time, a settlement time, an order type, a product type, a strategy identification, hedge information, an equity, and an index. The method includes adding one or more legs to the order, transmitting a request for clearing information associated with the one or more legs, receiving, from the user interface, data indicative of the clearing information including a matching level and a contra party, configuring the order, and executing the order by matching the order to an offer that satisfies the parameter values and the clearing information.
    Type: Grant
    Filed: August 10, 2021
    Date of Patent: May 9, 2023
    Assignee: Cboe Exchange, Inc.
    Inventor: Thomas Frey
  • Patent number: 11645715
    Abstract: In some embodiments, the instant invention provides for specifically programming a computer machine to perform at lease: receiving, from a trader, a passive indication of interest (IOI) for a financial instrument, where the passive IOI is a bid or an offer and a resting liquidity; classifying the trader as at least: a trading type that is subject to a decline ratio calculation for crossing the passive IOIs, where the decline ratio calculation identifies how many eligible aggressive IOIs have been previously declined by the trader out of a total number of all eligible aggressive IOIs that were offered to such trader; receiving, from another trader, another TOT that is an aggressive IOI where the aggressive IOI is available to be immediately crossed at the price; and determining, in real-time, an allocation of the aggressive IOI to the trader submitted the passive TOT based on the decline ratio of the trader.
    Type: Grant
    Filed: April 25, 2022
    Date of Patent: May 9, 2023
    Assignee: GREEN KEY TECHNOLOGIES, INC.
    Inventors: Anthony Tassone, Matt Martorello, Justin Martorello
  • Patent number: 11645722
    Abstract: A system and method for the capture, storage and usage of specific insurance underwriting and/or loss validation data includes a handheld mobile computer device containing one or more master forms in which insurance data is entered into the handheld device, normally at the location of the insured home along with an electronic signature of the insured and a geocode and time/date stamp. The data is uploaded to a secure, structured database. Insurance data can also be entered, in a secure manner, via a customer portal by the insured or from third party data sources. The system includes software with the ability to pre-populate standardized underwriting forms based on the collected data. The system also manages electronic insurance quotes and bind orders as well.
    Type: Grant
    Filed: March 1, 2021
    Date of Patent: May 9, 2023
    Assignee: Cloudbridge, LLC
    Inventor: Brian J. X. Murphy
  • Patent number: 11645716
    Abstract: An embodiment of the present invention is directed to automated trust discretionary distribution decisions. The innovative system comprises a computer server configured to perform the steps of: receiving, via an electronic input, a trust beneficiary cash distribution request relating to a trust instrument; responsive to the trust beneficiary request, obtaining trust details relating to the trust instrument; applying, via a computer server, a trust decision predictor to the distribution request to generate a trust decision wherein the trust decision predictor considers a set of decision factors comprising the trust beneficiary cash distribution request, beneficiary details, trust details and applicability of governing restrictions; presenting, via an electronic interface, the trust decision; automatically executing the trust decision; and applying feedback data to refine and standardize the trust decision predictor.
    Type: Grant
    Filed: March 29, 2019
    Date of Patent: May 9, 2023
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Adam Leonard Harry Clark, Jayson Lashin, Girija Penumarti, Mindy Zhou, Loryfel Nunez, Fei Feng, Parivesh Priye, Lauren Mitchell
  • Patent number: 11645718
    Abstract: An electronic trading method is provided. The method includes receiving a trading strategy order having a parent trading strategy including multiple quoting legs; splitting the trading strategy order into multiple child orders; and submitting each of the multiple child orders to exchange systems adapted to fill the quoting legs in the child orders. Each child order includes a child trading strategy having a single quoting leg or a reduced number of quoting legs relative to the parent trading strategy. The child trading strategies are the same as the parent trading strategy except for the number of legs marked as quoting legs. The method may be performed by a trading strategy device disposed between a client device and multiple server side devices.
    Type: Grant
    Filed: January 21, 2021
    Date of Patent: May 9, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Sagy Pundak Mintz, Michael J. Burns
  • Patent number: 11645634
    Abstract: Systems and methods are provided for minting payment tokens to conduct transactions within a blockchain-based supply chain payment network. The payment tokens can be pegged to fiat currency or digital currency. The payment tokens can be minted by a computing system that is a node in the blockchain-based supply chain payment network. A number of payment tokens to be provided to a network participant as payment can be determined. The network participant can be a supplier associated with the blockchain-based supply chain payment network. The number of payment tokens can be provided for deposit in a digital wallet associated with the network participant as payment. The cryptocurrency tokens can be redeemed as fiat or digital currency.
    Type: Grant
    Filed: November 17, 2020
    Date of Patent: May 9, 2023
    Assignee: TraDove, Inc.
    Inventor: Jun Yan
  • Patent number: 11640638
    Abstract: An application is disclosed that receives from a host exchange a plurality of trade notifications, each trade notification corresponding to an executed trade, and for each executed trade of interest, may determine whether the executed trade belongs in an aggregated set with one or more other executed trades. The application provides an indicator for indicating whether the corresponding executed trade or aggregated trade traded on the bid side or on the offer side of the market, and which indicates whether additional volume is available at the associated trade price.
    Type: Grant
    Filed: June 9, 2021
    Date of Patent: May 2, 2023
    Assignee: Trading Technologies International, Inc.
    Inventors: Richard Lane, Michael Unetich
  • Patent number: 11640640
    Abstract: In one aspect, a share data allocation (SDA) computing device is provided. The SDA computing device includes at least one processor in communication with a database. The at least one processor is configured to receive direct-share participant (DSP) request data indicating an amount each DSP is willing to invest and receive interest-based participant (IBP) request data indicating an amount each IBP is willing to invest. The at least one processor is also configured to apply a first mapping algorithm to the DSP request data and apply a second mapping algorithm to the IBP request data. The at least one processor is further configured to calculate a preliminary allocation of a total amount of assets among the DSPs and the IBPs according to results of an apportionment, and direct allocation of the total amount of assets among the DSPs and the IBPs according to results of a join operator.
    Type: Grant
    Filed: December 30, 2019
    Date of Patent: May 2, 2023
    Assignee: Click IPO Holdings, LLC
    Inventors: Sukanta Ganguly, Bradley Shaw, Scott Coyle, James Farrelly
  • Patent number: 11636404
    Abstract: A specialized computer matching system programmed to match orders for financial instruments of any type; where orders are matched at a price equal to the best available price or within the best available prices in the market; where priority of matching orders is ranked by price; where orders at the same price may be further ranked based on other attributes; where orders may optionally specify that the order sender is willing to pay a fee to (or receive a rebate by) an Order Matching Entity (i.e., a fee/rebate contingency (FRC)); where an order's optional FRC must be met in order to match the order; and where an order which cannot be matched solely because its FRC rate prevents it from matching with another order temporarily yields priority—other than price priority—to other orders ranked below to permit those orders to be matched.
    Type: Grant
    Filed: April 29, 2022
    Date of Patent: April 25, 2023
    Assignee: NYSE Chicago, Inc.
    Inventor: Steven I. Givot
  • Patent number: 11636545
    Abstract: Systems and methods for performing an exchange for physicals (EFP) may comprise receiving, with a matching engine module in communication with a processor, EFP data comprising an amount of securities to be traded and a price. The matching engine module may calculate a first delta percentage between the EFP data and an index based on the amount, the price, and an index value. The matching engine module may calculate a residual delta based on the first delta percentage and an index notional value. The matching engine module may attribute the residual delta to the securities.
    Type: Grant
    Filed: March 2, 2022
    Date of Patent: April 25, 2023
    Assignee: LIFFE Administration and Management
    Inventors: Benoit Andre Lamour, Anais Fabienne Christiane Dony
  • Patent number: 11636542
    Abstract: A system and a method for collecting and using market data. The system includes a workstation, where at least one message is entered, a transmitter, where the at least one message is transmitted, a parser for parsing the at least one message, a data recognizer for identifying relevant information in the at least one message, a processor for extracting the relevant information and a communicator for communicating the relevant information.
    Type: Grant
    Filed: November 9, 2010
    Date of Patent: April 25, 2023
    Assignee: ICE Data, LP
    Inventors: Jacob E. Pechenik, Gregory S. Campbell, Douglas E. Miller, Blake A. Barnes
  • Patent number: 11631243
    Abstract: An agricultural method includes providing a positive air pressure chamber to prevent outside contaminants from entering the chamber; growing crops in a plurality of cells in the chamber, each cell having multi-grow benches or levels, each cell further having connectors to vertical hoists for vertical movements in the chamber; maintaining pre-set temperature, humidity, carbon dioxide, watering and lighting levels to achieve predetermined plant growth; using motorized transport rails to deliver benches for operations including seeding, harvesting, grow media recovery, and bench wash; dispensing seeds in the cell with a mechanical seeder coupled to the transport rails; growing the crops with computer controlled nutrients, light and air level; and harvesting the crops and delivering the harvested crop at a selected outlet of the chamber.
    Type: Grant
    Filed: October 19, 2021
    Date of Patent: April 18, 2023
    Inventors: Bao Tran, Ha Tran
  • Patent number: 11631135
    Abstract: Disclosed herein are automated trading engine embodiments that operate on market data and re-engineer trading logic to operate on computational resources that are capable of providing highly parallelized and pipelined processing operations to improve tick to trade latency. As an example, logic resources for the automated trading engine can implement canceling strategies to cancel quotes and/or orders on markets when defined conditions are met. For example, if new trades indicate that existing quotes and/or orders are no longer advantageous, the logic resources can act quickly to cancel those quotes and/or orders.
    Type: Grant
    Filed: February 16, 2022
    Date of Patent: April 18, 2023
    Assignee: Exegy Incorporated
    Inventors: Timothy Gorham, David Edward Taylor, Jeremy Walter Whatley
  • Patent number: 11631133
    Abstract: The present invention relates to a new type of biddable financial instrument that can be traded on an online competitive bidding process and system and method of trading thereof specifically designed to accommodate the specific needs of these new biddable financial instruments associated primarily with the introduction in the instruments core of a contractual bidder or new properties like acceleration of term linked with trading on the competitive bidding software. The inventor contemplates the use of a large number of new biddable financial instruments, for example B-VRDOs, B-TOBs, and B-MLVRS s. The platform, system and method of trading associated thereto allows for easy portfolio management, Dutch trading, payment of interest, entry of good to cancel trade orders, priority management tools, acceleration of maturity, and offering on a secondary offering stage non-acquired positions held by the contractual bidder.
    Type: Grant
    Filed: August 3, 2021
    Date of Patent: April 18, 2023
    Assignee: CLARITY MARKETS HOLDINGS LLC
    Inventor: Robert Novembre
  • Patent number: 11631134
    Abstract: Methods and apparatus to internalize trade orders are described herein. An example method includes obtaining, via an internalization manager, a trade order communicated to an exchange. The trade order corresponds to a tradeable object offered at the exchange. The example method includes comparing, via the internalization manager, the trade order to one or more trade orders in an internalization order record to determine whether a matching contra-side trade order is included in the one or more trade orders in the internalization order record.
    Type: Grant
    Filed: January 25, 2022
    Date of Patent: April 18, 2023
    Assignee: Trading Technologies International, Inc.
    Inventor: Bevan Jacob Brookfield
  • Patent number: 11625685
    Abstract: An example software technology may function to both facilitate a prequalification process for construction projects and also leverage the information obtained during the prequalification process to facilitate subsequent management of a construction project. In one aspect, an example prequalification software tool may provide an interface through which a user associated with the GC can create prequalification forms for obtaining prequalification information from subcontractors, where each prequalification form can be tailored for a particular type of construction project, a particular aspect of a construction project being put out to bid or the like.
    Type: Grant
    Filed: October 4, 2019
    Date of Patent: April 11, 2023
    Assignee: PROCORE TECHNOLOGIES, INC.
    Inventors: Allen Kim, Tabitha Jewett, Danielle Sandoval, Luke Nispel
  • Patent number: 11625748
    Abstract: The present teaching relates to a method and a system for advertising. The method obtains information about a conversion associated with an advertisement and generates with respect to the conversion, an operational smart attribution evaluation package (SAEP). The SAEP includes a conversion parameter and a reward. The method transmits the SAEP to a platform to be posted, and thereafter receives from the SAEP, an indication of an entity which is estimated to be associated with the conversion and to which the reward is to be allocated. The entity is determined by the SAEP based on the conversion parameter and information from a plurality of entities that displayed the advertisement.
    Type: Grant
    Filed: June 4, 2018
    Date of Patent: April 11, 2023
    Assignee: YAHOO AD TECH LLC
    Inventors: Yugandhar Reddy Boyapally, Janith Kaiprath Valiyalappil, Sreeram Ramji, Rajesh Lalwani, Tianyuan Zhang
  • Patent number: 11625783
    Abstract: Systems and methods for offering and purchasing tokenized securities on a blockchain platform meeting current and future federal, state, and offering and holding entity rules and regulations. Tokenized securities purchased during or after the tokenized securities offering are tradable on a secondary market. The server computer of the tokenized securities provides an automated transfer capability for tokenized securities holders.
    Type: Grant
    Filed: April 25, 2022
    Date of Patent: April 11, 2023
    Assignee: EQUITY SHIFT, INC.
    Inventor: Thomas Marshall Gordon, III
  • Patent number: 11625776
    Abstract: A system and method are provided for distributed risk management. According to one example embodiment, a central risk controller is provided that can communicate with a plurality of local risk management modules located at a plurality of gateways. The central risk controller may allocate a portion of a central account balance associated with a trading account to each local risk management module. Then, as the trades are made using the trading account, the local risk management modules may manage risk associated with the trades until the local account balance is insufficient. As the account balance gets low, the local risk management module may query the central risk controller for the additional risk account balance.
    Type: Grant
    Filed: June 27, 2018
    Date of Patent: April 11, 2023
    Assignee: Trading Technologies International, Inc.
    Inventor: Robert J. Slezak
  • Patent number: 11627078
    Abstract: A sticky order routing system may include multiple order routers in communication with an electronic exchange for communicating transaction messages. Each of the order routers communicates transaction messages between multiple associated trading sessions and the electronic exchange, where of the associated trading sessions is assigned to the order router in communication with the electronic exchange. Transaction message traffic between the order routers and the electronic exchange is monitored, such as randomly, based on round-robin assignment, and/or trading data. In response to transaction message traffic exceeding a threshold, the trading session may be assigned to a new order router.
    Type: Grant
    Filed: September 13, 2021
    Date of Patent: April 11, 2023
    Assignee: Trading Technologies International, Inc.
    Inventor: Sagy Pundak Mintz
  • Patent number: 11625777
    Abstract: An apparatus for routing trading orders comprises a memory and a processor. The memory stores first trading information associated with a first buy order placed with a first market center. The first buy order is associated with a product and the first trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The memory also stores second trading information associated with a second buy order placed with a second market center. The second buy order is associated with the product and the second trading information comprises a disclosed quantity of the product and a reserved quantity of the product. The processor is coupled to the memory and receives a sell order associated with a quantity of the product. The processor further cancels at least a portion of the second buy order placed with the second market center for placement with the first market center.
    Type: Grant
    Filed: October 19, 2020
    Date of Patent: April 11, 2023
    Assignee: BGC PARTNERS, INC.
    Inventors: Matthew W. Claus, Joseph C. Noviello
  • Patent number: 11625778
    Abstract: A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in a second order management system, determine a single second order of the plurality of second orders that the liquidity taker is qualified to view based on a third quantity of the contra order, and populate a second trader interface with information soliciting submission of the contra order to the distributed trading platform for matching with the single second order.
    Type: Grant
    Filed: February 11, 2021
    Date of Patent: April 11, 2023
    Assignee: CFPH, LLC
    Inventors: Peter McGovern, Kevin Foley
  • Patent number: 11625781
    Abstract: A method may include receiving image data representative of cash acquired via one or more image sensors, identifying a first currency depicted in the cash based on a plurality of images associated with a plurality of currencies, and determining a currency conversion rate between the first currency and a second currency. The method may also include generating a visualization representative of a currency value of the cash in the second currency based on the currency conversion rate and overlaying the visualization on the image data.
    Type: Grant
    Filed: August 2, 2021
    Date of Patent: April 11, 2023
    Assignee: United Services Automobile Association (USAA)
    Inventors: Carlos JP Chavez, David Jason Anderson James, Rachel Elizabeth Csabi, Quian Jones, Andrea Marie Richardson
  • Patent number: 11625784
    Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap and a second remnant swap to blend the plurality of swaps using the determined fixed rates. This may reduce the gross notional and/or the total clearing line items associated with the original swaps. In some cases, the computing device may determine one single swap for blending the plurality of swaps.
    Type: Grant
    Filed: May 5, 2022
    Date of Patent: April 11, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Wansu Zhan, Dhiraj Bawadhankar
  • Patent number: 11625779
    Abstract: Methods, devices, and systems for facilitation of communication between participants of an electronic marketplace involve receiving a message generated from a market participant and transmitting the message to other market participants. The facilitation also involves receiving responses to the message from the other market participants and transmitting the responses to the message originating market participant such that the transmitted response is imperceptible to the other market participants.
    Type: Grant
    Filed: May 7, 2021
    Date of Patent: April 11, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Daniel Judson, Prashant Kumar
  • Patent number: 11620626
    Abstract: A system and method in accordance with exemplary embodiments may include systems and methods for providing first-in-wallet payment account auctioning. In an exemplary embodiment, a method for providing first-in-wallet payment account auctioning includes, receiving, via a network, consumer preference data, current consumer financial situation data associated with a plurality of payment accounts, and account terms associated with each of the plurality of payment accounts; scoring each of the plurality of payment accounts based on the consumer preference data, the current consumer financial situation data, and the account terms and determining an optimal payment account to be the first-in-wallet account out of the plurality of payment accounts based on the scoring.
    Type: Grant
    Filed: August 18, 2021
    Date of Patent: April 4, 2023
    Assignee: CAPITAL ONE SERVICES, LLC
    Inventors: Luke A. Hammock, Janusz Michael Niczyporuk
  • Patent number: 11620711
    Abstract: A system for facilitating freight transactions that includes a secure portal for receiving users' (carriers, forwarders, shippers, and market makers) data that includes orders and capacity postings between destinations. The system also includes a back-end modules configured for collecting capacity/shipping volume data to generate forecast data, managing derivative contracts, determining best possible routing given the orders and capacity postings, breaking the best possible routing into component segments that is then traded as derivative contracts, providing report, managing settlement and clearinghouse functions, and receiving risk assessment about the forecast data. The system further includes an interface layer for facilitating communications between the portal and the back-end modules. The system moreover includes a contract and capacity management module configured for enabling the carriers and the forwarders to strategically position their capacity.
    Type: Grant
    Filed: September 29, 2020
    Date of Patent: April 4, 2023
    Assignee: Future Freight Corporation
    Inventors: Pierre L. Laurent, Petere Miner
  • Patent number: 11620708
    Abstract: Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pricing parameters as well as the proposed order price data. In addition, the computer is configured for comparing the constructed trades with the theoretical price, and displaying market data indicators relative to the theoretical price indicators based on the comparison.
    Type: Grant
    Filed: June 6, 2022
    Date of Patent: April 4, 2023
    Assignee: Intercontinental Exchange Holdings, Inc.
    Inventor: David R. Wender
  • Patent number: 11620700
    Abstract: A method for providing loan bid information to a prospective borrower is provided. The method includes: receiving, from a user, a request for a loan that includes user preference criteria; transmitting, to each of a plurality of prospective lenders, a solicitation for bids for the requested loan, receiving a respective loan bid from each of at least one of the prospective lenders, each respective loan bid including respective bid criteria corresponding to a particular lender; analyzing each received loan bid with respect to the user preference criteria and the respective bid criteria; selecting one loan bid based on a result of the analysis, and transmitting, to the user and to each of the plurality of prospective lenders, a message that notifies a result of the selection. The request for the loan may be received from the user via a blockchain mechanism that is accessible by each prospective lender.
    Type: Grant
    Filed: June 7, 2021
    Date of Patent: April 4, 2023
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventor: Ankur Sambhar
  • Patent number: 11615404
    Abstract: Systems, methods, and program products for providing exchanges for converting from, to, or between digital assets, and in particular digital math-based assets, such as bitcoins, Namecoins, Litecoins, PPCoins, Tonal bitcoins, IxCoins, Devcoins, Freicoins, I0coins, Terracoins, Liquidcoins, BBQcoins, BitBars, PhenixCoins, Ripple, Dogecoins, Mastercoins, BlackCoins, Ether, Nxt, BitShares-PTS, Quark, Primecoin, Feathercoin, and Peercoin, to name a few, are disclosed. In embodiments, such systems, methods, and program products can further provide or be used in conjunction with automated transactions, digital asset arbitrage systems, and/or kiosk systems for transacting or interacting with digital math-based assets. A kiosk for transacting with digital assets and digital asset exchanges is also disclosed. Systems, methods, and program products for automated transactions and automated digital asset arbitrage transactions are also disclosed.
    Type: Grant
    Filed: June 28, 2021
    Date of Patent: March 28, 2023
    Assignee: Gemini IP, LLC
    Inventors: Cameron Howard Winklevoss, Tyler Howard Winklevoss, Evan Louis Greebel, Michael Robert Breu, Eric Neiman Winer, Claudia Callaway, Christina J. Grigorian
  • Patent number: 11615374
    Abstract: A method for provenance and illicit product control involves generating a unique identifier for a product unit, generating a unique identifier for a subunit of the product unit, and recording locations of the product unit and the subunit of the product unit to a blockchain in association with the unique identifiers. The blockchain includes linked data blocks containing sequential records of locations and quantities of product units and subunits of the product units moved through a product distribution supply chain. The method further involves tracking movement of the product unit and the subunit of the product unit through the product distribution supply chain, detecting an inconsistency between a record on the blockchain and movement of the product unit or the subunit of the product unit through the product distribution supply chain and outputting an indication of the inconsistency.
    Type: Grant
    Filed: August 23, 2019
    Date of Patent: March 28, 2023
    Assignee: IQ UNIVERSE INC.
    Inventor: Iqbal Mohamed
  • Patent number: 11615472
    Abstract: 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: Grant
    Filed: August 19, 2022
    Date of Patent: March 28, 2023
    Assignee: NYSE Group, Inc.
    Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
  • Patent number: 11615371
    Abstract: A system for initiating object transfer, the system comprising a computing device configured to receive a plurality of object transfer requests, generate, using the plurality of object transfer requests, a transfer apparatus interaction platform for a plurality of transfer apparatuses to proffer at least an object transfer request, determine transfer apparatus interaction data via the transfer apparatus interaction platform, wherein transfer apparatus interaction data comprises a proffer of an object transfer request, a proposed window of time for object transfer, and an object transfer compatibility metric, select the proffer from a plurality of proffers from the plurality of transfer apparatuses, wherein selecting comprises calculating a difference between the plurality of object transfer compatibility metrics associated with the plurality of proffers using a pairwise operation, and provide the transfer apparatus corresponding to the selected proffer the object transfer request.
    Type: Grant
    Filed: November 30, 2020
    Date of Patent: March 28, 2023
    Assignee: KPN INNOVATIONS, LLC.
    Inventor: Kenneth Neumann
  • Patent number: 11615452
    Abstract: An example embodiment includes a system server configured for social network-based inventory management. The system server includes processors and non-transitory computer-readable storage media communicatively coupled to the processors. The media store instructions that, in response to execution by the processors, cause the processors to perform operations. The operations include receiving category specifications and access category definitions for access categories. The access category definitions include relationship criteria for the access categories. The operations include identifying a relationship between a second user and a first user, comparing an identified relationship with the relationship criteria, and determining which of the access categories the second user is included based on the comparison.
    Type: Grant
    Filed: April 27, 2021
    Date of Patent: March 28, 2023
    Assignee: EBAY INC.
    Inventors: Dane Glasgow, Justin VanWinkle
  • Patent number: 11615474
    Abstract: Methods and system are described for optimizing data processing in cloud-based, machine learning environments. For example, through the use of a machine learning model utilizing a self organizing map and/or the use of specific processing nodes in a computer system to perform specific tasks the methods and system may more efficiently distribute tasks through a cloud computing environment and increase overall processing speeds despite increasing amounts of data. The methods and system described herein are particularly related to collateral allocation computer systems that automate the management of numerous collateral assets. For example, as the amount of collateral assets and the complexity of given transactions grow, typical allocation systems face frequent processing delays related to collateral allocations (e.g., allocations of collateral associated with Tri-Party Repos).
    Type: Grant
    Filed: May 13, 2021
    Date of Patent: March 28, 2023
    Assignee: THE BANK OF NEW YORK MELLON
    Inventors: Brian Blank, Song He, Madhusudan Rana, Pavithran Rajendran, Bryan Chan
  • Patent number: 11615471
    Abstract: 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: Grant
    Filed: August 15, 2022
    Date of Patent: March 28, 2023
    Assignee: NYSE Group, Inc.
    Inventors: Paul D. Adcock, Michael A. Cormack, Thomas F. Haller, Robert A. Hill
  • Patent number: 11615482
    Abstract: Systems and methods for enhanced organizational transparency using a linked activity chain in a ledger are disclosed. In one embodiment, a method may include (1) a back end for an organization comprising at least one computer processor receiving a first communication from a first entity comprising a first customer interaction with the first entity; (2) the back end writing the first communication to a ledger for the organization as a first block in a linked activity chain; (3) the back end receiving a second communication from a second entity comprising a second customer second activity with the second entity; (4) the back end writing the second communication to the ledger for the organization as a second block in the linked activity chain; (5) the back end calculating a summary score for the customer based on the blocks in the linked activity chain.
    Type: Grant
    Filed: October 8, 2020
    Date of Patent: March 28, 2023
    Assignee: JPMORGAN CHASE BANK, N.A.
    Inventors: Joe Vieira, Kam Sat Lee, Murali Pingali, Michael Cornell, Suresh Shetty, Samer Falah, Ankur Sambhar
  • Patent number: 11610264
    Abstract: Techniques for buy-side order matching in the trading of financial instruments using a centralized matching engine having one or more storage devices including rules and order parameters for a plurality of buy-side parties. The centralized matching engine includes one or more transmitters and receivers communicatively coupled to a network and one or more processors operatively coupled to the one or more storage devices and the one or more transmitters and receivers. At least one message sent over the network by a plurality of buy-side parties and is received by the central matching engine to set the rules or order parameters. At least one order of at least two of the plurality of buy-side parties is matched based on the rules and the order parameters. A message is transmitted over the network to a sell-side party indicating that trade negotiation can commence.
    Type: Grant
    Filed: May 27, 2020
    Date of Patent: March 21, 2023
    Assignee: FIDESSA TRADING UK LIMITED
    Inventors: Dave Pearson, Russell Thornton, Paul Nokes
  • Patent number: 11605132
    Abstract: A system for managing trading orders comprises a memory operable to store a first order associated with a particular trading product, wherein the first order is associated with a first price comprising a first root value. The system further comprises a processor communicatively coupled to the memory and operable to receive a second order associated with the particular trading product. The second order is associated with a second price; and the second price comprises a second root value and a particular fractional pip value. The processor is further operable to disclose the first root value and the second root value while suppressing the particular fractional pip value.
    Type: Grant
    Filed: September 14, 2020
    Date of Patent: March 14, 2023
    Assignee: BGC PARTNERS, L.P.
    Inventors: Peter Bartko, John Robert Capuano, Michael Field, Frederick T. Gregson, Brian Alexander Weston
  • Patent number: 11606381
    Abstract: In an embodiment, a computer implemented method receives flow data for one or more flows that correspond to a device-circuit pair. The method calculates a time difference for each flow that corresponds to a device-circuit pair. Based on the calculated time differences and the received flow data, the method updates a probability distribution model associated with the device-circuit pair. Then, the method determines whether a time bucket is complete or open based on the updated probability distribution model.
    Type: Grant
    Filed: March 2, 2022
    Date of Patent: March 14, 2023
    Assignee: Level 3 Communications, LLC
    Inventor: Sergey Yermakov
  • Patent number: 11605069
    Abstract: A method for assisting transactions preferably includes a relayer wherein the relayer maintains an orderbook, and wherein the relayer is specified as the taker on all orders in the orderbook. The method incorporates matching buy and sell orders into a single, atomized batch order, price adjusting for spread, and passing the gain from the spread to the second order in the orderbook.
    Type: Grant
    Filed: September 27, 2019
    Date of Patent: March 14, 2023
    Assignee: Coinbase, Inc.
    Inventors: Kevin Day, Robert Green
  • Patent number: 11605130
    Abstract: An illustrative computing device may include a processor and a non-transitory memory device for storing a data structure capable of being compressed, where the data structure includes a plurality of data elements and each of the plurality of data elements includes a date field and a quantity field. The computing device may process instructions to arrange the plurality of data elements in a consecutive series in date order based on a value stored in the date field of each data element, determine whether a gap appears in the consecutive series of data elements based on a value stored in the quantity field of each element, remove the determined gaps in each of the data elements, and repeat the determining and removing steps until a predetermined criterion has been reached.
    Type: Grant
    Filed: January 12, 2022
    Date of Patent: March 14, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Suzanne Sprague, Sean Downey, Robert Taylor, Dhiraj Bawadhankar, Stephen Hurst, Matthew Simpson, Frederick Sturm
  • Patent number: 11605134
    Abstract: An anthropomorphic, artificial intelligence-based system and method to provide benefits products field underwriting and post-enrollment customer services through a cognitive virtual assistant. The system can contact to one or more third-party benefits provider systems to obtain coverage details, provider types and location details, and to modify member coverage types on behalf of the member. The system can contact third-party pharmacy systems to fill medical prescriptions. The system can contact third-party medical services for providing information directed to medical services.
    Type: Grant
    Filed: August 3, 2020
    Date of Patent: March 14, 2023
    Assignee: PATTY, LLC
    Inventors: Seth Cohen, Luis Silvestre
  • Patent number: 11599943
    Abstract: A computer method for establishing a commodity price index includes receiving, via a web server, transactions for a plurality of first electronic currency denominated commodity or commodity future contracts, and recording, with a server computer operatively coupled to the web server, settlement prices for the plurality of the first electronic currency denominated commodity or commodity future contracts on a distributed ledger. The computer method includes reading, with the server computer, from the distributed ledger, at least a portion of the first electronic currency denominated commodity or commodity future contracts settlement prices, and determining a current electronic currency index price from the at least a portion of the first electronic currency denominated commodity or commodity future contracts settlement prices. The computer method includes displaying the current electronic currency index price on an electronic display.
    Type: Grant
    Filed: December 9, 2019
    Date of Patent: March 7, 2023
    Assignee: ABAXX TECHNOLOGIES CORP.
    Inventors: Joshua Crumb, Andrew Fedak, Christopher A. Wiklof
  • Patent number: 11599944
    Abstract: Systems and methods are disclosed that provide real-time pre-trade risk assessments for multiple parties. In one embodiment, a Programmable Logic Device (PLD) may be embedded within an Automated Trading Systems (ATS) architecture by utilizing the Intel socket G or the PCIe interface to provide pre-trade risk functionality. The system may also provide a method for interacting with the ATS DRAM or L1 cache to provide faster access to orders in ATS memory for PLDs. The system may use the Quick Path Interconnect between an embedded processor and a PLD to transfer memory maps. The system may also add additional libraries to an ATS processor to accelerate the transfer or memory maps to a PLD. The system also may use system interrupts to cancel erroneous orders within an ATS processor from a PLD housed within the same physical architecture.
    Type: Grant
    Filed: September 13, 2021
    Date of Patent: March 7, 2023
    Assignee: FIXNETIX LIMITED
    Inventors: Marcus Perrett, Paul Ellis, Hugh Hughes
  • Patent number: 11601347
    Abstract: A system to provide end users with recommendations on improving the quality of the incident management process is provided. A computer device identifies a set of historical incident reports, wherein the historical incident reports identify: (i) incident tickets, (ii) one or more skills associated with personnel assigned to the incident tickets, and (iii) whether the incident tickets were resolved within threshold periods of time to resolve. The computing device trains a machine learning model to predict sets of skills associated with resolving incident tickets within the threshold periods of time to resolve based, at least in part, on the identified set of historical incident reports. The computing device assigns a set of personnel to the new incident ticket based, at least in part, on the predicted set of skills associated with resolving the new incident ticket within the threshold period of time to resolve.
    Type: Grant
    Filed: July 31, 2020
    Date of Patent: March 7, 2023
    Assignee: Kyndryl, Inc.
    Inventors: Pawel Jasionowski, Steven J Mazzuca, Daniel S. Riley, Michael H. Roehl, George E. Stark, Daniel Grey Yates
  • Patent number: 11599876
    Abstract: Systems, methods, and computer-readable storage media utilized receiving a customer request via a graphical user interface (GUI) of a wallet application, extracting transfer information from the customer request based on a smart contract and identifying the transfer information in predefined fields, determining the customer account is associated with a first type of currency and the recipient account is associated with a second type of currency, automatically determining and locking-in an exchange rate, transmitting data corresponding to the exchange rate to the GUI, exchanging an amount of the first type of currency for an amount of the second type of currency based on the exchange rate, transferring an amount for the currency transfer from the wallet application to the recipient account via an omnibus account based on executing a smart contract on a distributed ledger, and transmitting a confirmation of the currency transfer to the GUI of the wallet application.
    Type: Grant
    Filed: November 16, 2021
    Date of Patent: March 7, 2023
    Assignee: Wells Fargo Bank, N.A.
    Inventors: Sayali Bhos, Harmit Singh Dhanoa, Laura Marie Fontana, Marc Le Boeuf, Matthew Shepherd, Nikolai Stroke, Duc M. Trinh, Daniel G. Vogt
  • Patent number: 11601498
    Abstract: Reconciliation and subscription-model permissions of data stored across independent ledger instances of a database. A system includes a resource manager coupled to a plurality of client accounts. The system includes an execution platform and a shared permissioned ledger comprising independent processing and storage nodes for executing data operations for the plurality of client accounts. The resource manager defines a settlement group comprising one or more client accounts and authenticates an observer node associated with the settlement group. The resource manager assigns ingested data an encryption level on a key hierarchy based on content of the ingested data.
    Type: Grant
    Filed: March 30, 2021
    Date of Patent: March 7, 2023
    Assignee: Baton Systems, Inc.
    Inventors: Arjun Jayaram, Mohammad Taha Abidi, Sumithra Kamalapuram Sugavanam, James William Perry