Source: http://www.google.com/patents/US7873565
Timestamp: 2013-06-19 11:07:17
Document Index: 605619046

Matched Legal Cases: ['Application No. 2006252168', 'Application No. 2006252169', 'Application No. 2380848', 'Application No. 2380848', 'Application No. 09', 'Application No. 11', 'Application No. 11', 'Application No. 11']

Patent US7873565 - Composite trading order processing - Google PatentsSearch Images Maps Play YouTube News Gmail Drive More »Advanced Patent Search | Web History | Sign inAdvanced Patent SearchPatentsA system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to...http://www.google.com/patents/US7873565?utm_source=gb-gplus-sharePatent US7873565 - Composite trading order processingPublication numberUS7873565 B2Publication typeGrantApplication number12/687,372Publication dateJan 18, 2011Filing dateJan 14, 2010Priority dateDec 20, 2005Also published asCA2572393A1, EP1969552A2, EP1969552A4, US7711644, US20070143203, US20100262528, US20110264576, US20110270730, WO2007075658A2, WO2007075658A3Publication number12687372, 687372, US 7873565 B2, US 7873565B2, US-B2-7873565, US7873565 B2, US7873565B2InventorsMatthew W. Claus, James R. Driscoll, Gregory P. Manning, Joseph C. NovielloOriginal AssigneeBgc Partners, Inc.Patent Citations (77), Non-Patent Citations (39), Referenced by (1), Classifications (9) External Links: USPTO, USPTO Assignment, EspacenetComposite trading order processingUS 7873565 B2Abstract A system for processing a composite trading order comprises a memory operable to store market data received from one or more market centers. The system further comprises a processor operable to generate a composite value based at least in part on the market data. The processor is further operable to receive a composite trading order associated with at least a portion of the composite value. The processor is further operable to generate a plurality of constituent trading orders that, when filled, combine to satisfy the composite trading order.
Patent CitationsCited PatentFiling datePublication dateApplicantTitleUS3573747Feb 24, 1969Apr 6, 1971Institutional Networks Corp.Instinet communication system for effectuating the sale or exchange of fungible properties between subscribersUS4903201Nov 3, 1983Feb 20, 1990World Energy Exchange CorporationAutomated futures trading exchangeUS5077665May 25, 1989Dec 31, 1991Reuters LimitedDistributed matching systemUS5126936 *Sep 1, 1989Jun 30, 1992Champion SecuritiesGoal-directed financial asset management systemUS5161103Jul 5, 1989Nov 3, 1992Hitachi, LtdReal time status monitoring systemUS5297031Mar 6, 1990Mar 22, 1994Chicago Board Of TradeMethod and apparatus for order management by market brokersUS5500793Sep 2, 1993Mar 19, 1996EquitradeComputerized system for developing multi-party property equity exchange scenariosUS5717989Oct 13, 1994Feb 10, 1998Full Service Trade System Ltd.Full service trade systemUS5727165Dec 27, 1994Mar 10, 1998Reuters LimitedOffer matching system having timed match acknowledgmentUS5787402Oct 8, 1996Jul 28, 1998Crossmar, Inc.Method and system for performing automated financial transactions involving foreign currenciesUS5809483Nov 14, 1997Sep 15, 1998Broka; S. WilliamOnline transaction processing system for bond tradingUS5845266Dec 12, 1995Dec 1, 1998Optimark Technologies, Inc.Crossing network utilizing satisfaction density profile with price discovery featuresUS5857176May 9, 1997Jan 5, 1999Cantor Fitzgerald & Co., Inc.Fixed income portfolio data processorUS5905974Dec 13, 1996May 18, 1999Cantor Fitzgerald SecuritiesAutomated auction protocol processorUS5924082Jun 7, 1995Jul 13, 1999Geneva Branch Of Reuters Transaction Services LimitedNegotiated matching systemUS5950176Mar 25, 1996Sep 7, 1999Hsx, Inc.Computer-implemented securities trading system with a virtual specialist functionUS6021397Dec 2, 1997Feb 1, 2000Financial Engines, Inc.Financial advisory systemUS6035287Dec 17, 1997Mar 7, 2000Omega Consulting, Inc.Method and apparatus for bundled asset tradingUS6112189Mar 19, 1997Aug 29, 2000Optimark Technologies, Inc.Method and apparatus for automating negotiations between partiesUS6134535Mar 3, 1995Oct 17, 2000Belzberg Financial Markets & News International Inc.Computerized stock exchange trading system automatically formatting orders from a spreadsheet to an order entry systemUS6278982Apr 21, 1999Aug 21, 2001Lava Trading Inc.Securities trading system for consolidation of trading on multiple ECNS and electronic exchangesUS6343278Sep 3, 1999Jan 29, 2002Ebs Dealing Resources, Inc.Combined order limit for a group of related transactions in an automated dealing systemUS6408282Apr 15, 1999Jun 18, 2002Wit Capital Corp.System and method for conducting securities transactions over a computer networkUS6418418Dec 13, 1998Jul 9, 2002Oki Electric Industry Co., Ltd.Transaction information processing systemUS6418419Jul 23, 1999Jul 9, 20025Th Market, Inc.Automated system for conditional order transactions in securities or other items in commerceUS6519574Dec 12, 1995Feb 11, 2003Reuters LimitedElectronic trading system featuring arbitrage and third-party credit opportunitiesUS6601044Aug 24, 1998Jul 29, 2003Foliofn, Inc.Method and apparatus for enabling individual or smaller investors or others to create and manage a portfolio of securities or other assets or liabilities on a cost effective basisUS6839685Oct 30, 1998Jan 4, 2005Prudential Insurance Company Of AmericaMethod and system for creating a portfolio of stock equitiesUS6947901Apr 27, 2000Sep 20, 2005Hunter Ip LlcDerivative securities trading product utilizing subsets of indices or portfoliosUS6996539Mar 11, 1998Feb 7, 2006Foliofn, Inc.Method and apparatus for enabling smaller investors or others to create and manage a portfolio of securities or other assets or liabilities on a cost effective basisUS7039610Oct 4, 2001May 2, 2006New York Mercantile Exchange, Inc.Implied market trading systemUS7092919Jun 15, 2001Aug 15, 2006Omx Technology AbMethod and a system related to determining the price of a combination contractUS7107229Jul 25, 2000Sep 12, 2006Claremont Investment Partners, LlcApparatus and method for creating and managing a financial instrumentUS7117176May 19, 2003Oct 3, 2006Foliofn, Inc.Method and apparatus for enabling individual or smaller investors or others to create and manage a portfolio of securities or other assets or liabilities on a cost effective basisUS7155410Jul 28, 2000Dec 26, 2006Ginsberg Philip MSystems and methods for linking orders in electronic trading systemsUS7333952Jun 23, 2000Feb 19, 2008Ebs Group LimitedCompound order handling in an anonymous trading systemUS7711640Apr 5, 2006May 4, 2010Bgc Partners, Inc.Methods and apparatus for composite trading order processingUS7711644Apr 5, 2006May 4, 2010Bgc Partners, Inc.Apparatus and methods for processing composite trading ordersUS20010042785May 8, 2001Nov 22, 2001Jindal Sanjay K.Method and apparatus for funds and credit line transfersUS20020004776Jun 19, 2001Jan 10, 2002Gladstone Garry D.Method and system for automated trading of financial instrumentsUS20020065752Feb 16, 1999May 30, 2002Charles J. LewisFinancial consolidation and communication platformUS20020107781Jun 29, 2001Aug 8, 2002Electronic Broking Services LimitedCompound order handling in an anonymous trading systemUS20020169703Dec 18, 1998Nov 14, 2002Stuart FraserAutomated price improvement protocol processorUS20020174047Apr 5, 2002Nov 21, 2002Fernholz Erhard R.Technique for managing, through use of combined optimized weights, a financial portfolio formed of multiple weight-based component portfolios all having the same securitiesUS20030144944Jan 31, 2002Jul 31, 2003Bennett Ned WesleyFinancial instruments trading system and methodUS20030154153Jan 31, 2002Aug 14, 2003Hutchings Robert P.Composite commodity financial productUS20030212621May 9, 2003Nov 13, 2003Portfolio Aid Inc.System and method for evaluating securities and portfolios thereofUS20040002913Jun 26, 2003Jan 1, 2004Freedom Investments, Inc.Online trade aggregating systemUS20040019553Jul 26, 2002Jan 29, 2004Howorka Edward R.Automated trading systemUS20040117285Apr 12, 2002Jun 17, 2004Kohler Daniel FriedrichMethod and system for providing timely accurate and complete portfolio valuationsUS20040117302Dec 16, 2002Jun 17, 2004First Data CorporationPayment managementUS20040143537Jan 22, 2003Jul 22, 2004Alessandro RomaniGeneration of estimated prices of instruments for a trade in a combination of instrumentsUS20040143538Jan 21, 2003Jul 22, 2004Chutjian Keith P.Automated system for routing orders for financial instruments based upon undisclosed liquidityUS20040177026Dec 9, 2003Sep 9, 2004Sam BalabonSystem and method for trading above or below the marketUS20040236669Apr 16, 2004Nov 25, 2004Trade Robot LimitedMethod and system for automated electronic trading in financial mattersUS20050049954Sep 3, 2004Mar 3, 2005Graham Russell J.Portfolio compliance managing techniquesUS20050075963May 7, 2004Apr 7, 2005Sam BalabonSystem and method for execution delayed tradingUS20050160024Jun 9, 2003Jul 21, 2005Side By Side Trading, Inc.Automated system for aggregated price discovery and electronic trading of linked cash/cash equivalent and their derivative asset packagesUS20050165670Mar 18, 2005Jul 28, 2005Espeed, Inc.Systems and methods for linking orders in electronic trading systemsUS20060015436Sep 30, 2004Jan 19, 2006Trading Technologies International, Inc.System and method for facilitating trading of multiple tradeable objects in an electronic trading environmentUS20060161498Mar 6, 2006Jul 20, 2006International Petroleum Exchange Of London, Ltd.Implied market trading systemUS20060195386Mar 31, 2006Aug 31, 2006Bronson Nathan DGlobal trading networkUS20070143203Apr 5, 2006Jun 21, 2007Espeed, Inc.System and method for processing composite trading ordersUS20070143204Apr 5, 2006Jun 21, 2007Espeed, Inc.System and method for processing composite trading orders at a clientEP0401203A2May 30, 1990Dec 5, 1990Mjt Holdings, Inc.Automated system for providing liquidity to securities marketsEP0873549A1Dec 12, 1996Oct 28, 1998Reuters LimitedElectronic trading system including an auto-arbitrage feature or name switching featureGB2365185A Title not availableWO1998028900A1Dec 23, 1996Jul 2, 1998Generaldirektion PttProcess and system for transmitting orders over a telecommunication networkWO1998049639A1Apr 29, 1998Nov 5, 1998Roderick Malcolm Gordon LawrieNetwork computer trading systemWO1999026173A1Nov 17, 1997May 27, 1999Fujun BiA configurable electronic trading system and the method thereforWO1999027476A2Nov 25, 1998Jun 3, 1999Eirik KjoelnerA system and method for implementing an auction on a computer networkWO1999046658A2Mar 5, 1999Sep 16, 1999Folio Trade LlcMethod and apparatus for creation and management of a portfolio of securitiesWO2000003342A1Jun 30, 1999Jan 20, 2000British Telecommunications Public Limited CompanyRequirements matchingWO2000008578A1Jul 29, 1999Feb 17, 2000Eithan EphratiA method and an apparatus for a universal trading market design and deployment systemWO2000021013A1Oct 6, 1999Apr 13, 2000Jeffrey IsaacMethod and apparatus for auctions with automatic matchingWO2000039719A1Dec 29, 1999Jul 6, 2000Ipco LimitedComputer based matching system for buyers and sellersWO2005055004A2Nov 26, 2004Jun 16, 2005Fx Alliance, LlcQuick-filling customer asset trading system* Cited by examinerNon-Patent CitationsReference1Australian Examiner's Report for AU Application No. 2006252168, dated Sep. 30, 2009 (1 page).2Australian Examiner's Report for AU Application No. 2006252169, dated Oct. 7, 2009 (2 pages).3Canadian Examination Report for Application No. 2380848, dated May 7, 2010 (3 pages).4Canadian Office Action for Application No. 2380848, mailed Sep. 30, 2008, 2 pp.5International Preliminary Examination Report for PCT Application No. PCT/US00/21098, dated Dec. 28, 2001, 4 pp.6International Preliminary Report on Patentability for International Application No. PCT/US06/48328; dated Jul. 8, 2008 (4 pages).7International Preliminary Report on Patentability for International Application No. PCT/US06/48391; dated Oct. 16, 2008 (5 pages).8Notification of Transmittal of the International Search Report and the Written Opinion of the International Searching Authority for International Application No. PCT/US06/48328; dated Sep. 24, 2007 (8 pages).9Notification of Transmittal of the International Search Report and the Written Opinion of the International Searching Authority for International Application No. PCT/US06/48391; dated Sep. 15, 2008 (7 pages).10U.S. Appl. No. 09/627,705, filed Jul. 28, 2000, Woodmansey et al.11U.S. Appl. No. 11/084,547, filed Mar. 18, 2005, Woodmansey et al.12U.S. Appl. No. 11/399,019, filed Apr. 5, 2006, Claus et al.13U.S. Appl. No. 11/399,112, filed Apr. 5, 2006, Claus et al.14U.S. Appl. No. 12/615,079, filed Nov. 9, 2009, 28 pp.15U.S. Appl. No. 12/615,079, filed Nov. 9, 2009, Woodmansey et al.16U.S. Appl. No. 12/687,417, filed Jan. 14, 2010 (39 pages).17U.S. Appl. No. 12/687,417, filed Jan. 14, 2010, Claus et al.18U.S. Appl. No. 60/146,971, filed Aug. 3, 1999, 25 pp.19U.S. Appl. No. 60/753,095, filed Dec. 20, 2005 (36 pages).20USPTO Examiner's Answer to Appeal Brief for U.S. Appl. No. 11/084,547, Sep. 15, 2008 (19 pages).21USPTO Examiner's Interview Summary for Application No. 09/627,705, Aug. 16, 2004 (3 pages).22USPTO Examiner's Interview Summary for U.S. Appl. No. 09/627,705, Jan. 20, 2006 (3 pages).23USPTO Notice of Allowance and Fees Due and Examiner Interview Summary for Application No. 11/399,112, Dec. 14, 2009 (41 pages).24USPTO Notice of Allowance and Fees Due and Examiner Interview Summary for Application U.S. Appl. No. 11/399,019, Dec. 11, 2009 (38 pages).25USPTO Notice of Allowance for U.S. Appl. No. 09/627,705, mailed May 4, 2006 (14 pages).26USPTO Notice of Allowance for U.S. Appl. No. 09/627,705, mailed Sep. 22, 2006 (14 pages).27USPTO Office Action for Application No. 11/084,547, Oct. 3, 2007 (3 pages).28USPTO Office Action for Application No. 11/399,019, Apr. 2, 2009 (7 pages).29USPTO Office Action for U.S. Appl. No. 09/627,705, Apr. 8, 2003 (6 pages).30USPTO Office Action for U.S. Appl. No. 09/627,705, Dec. 5, 2002 (6 pages).31USPTO Office Action for U.S. Appl. No. 09/627,705, Jul. 26, 2005 (7 pages).32USPTO Office Action for U.S. Appl. No. 09/627,705, Nov. 5, 2003 (7 pages).33USPTO Office Action for U.S. Appl. No. 09/627,705, Sep. 14, 2004 (5 pages).34USPTO Office Action for U.S. Appl. No. 11/084,547, Jun. 27, 2007 (12 pages).35USPTO Office Action for U.S. Appl. No. 11/084,547, Mar. 4, 2010 (10 pages).36USPTO Office Action for U.S. Appl. No. 11/084,547, Sep. 6, 2006 (7 pages).37USPTO Office Action for U.S. Appl. No. 11/399,112, Mar. 3, 2009 (10 pages).38USPTO Response to Amendment under Rule 312 for U.S. Appl. No. 11/399,019, Mar. 12, 2010 (2 pages).39USPTO Response to Amendment under Rule 312 for U.S. Appl. No. 11/399,112, Mar. 12, 2010 (2 pages).Referenced byCiting PatentFiling datePublication dateApplicantTitleUS8346642May 3, 2011Jan 1, 2013Bgc Partners, Inc.Trading orders with decaying reservesClassifications U.S. Classification705/37, 705/35International ClassificationG06Q40/00Cooperative ClassificationG06Q40/04, G06Q20/042, G06Q40/00European ClassificationG06Q40/04, G06Q40/00, G06Q20/042RotateOriginal ImageGoogle Home - Sitemap - USPTO Bulk Downloads - Privacy Policy - Terms of Service - About Google Patents - Send FeedbackData provided by IFI CLAIMS Patent Services©2012 Google