MICHAEL CHARLES BURNS, M.D/PH.D.
Osteopathic Medicine at Huron St, Chicago, IL

8533102, Sep 10, 2013

Mar 5, 2010

12/718946

Robert A. West - Chicago IL, US
Michael J. Burns - Chicago IL, US
Peter F. Ziemkiewicz - Chicago IL, US
Ryan J. Highland - Chicago IL, US

Trading Technologies International, Inc. - Chicago IL

G06Q 40/00

705 37

A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity.

2013032, Dec 5, 2013

Aug 9, 2013

13/962951

Michael J. Burns - Chicago IL, US
Peter F. Ziemkiewicz - Chicago IL, US
Ryan J. Highland - Chicago IL, US

TRADING TECHNOLOGIES INTERNATIONAL, INC. - Chicago IL

G06Q 40/04

705 37

A system and method for money management in an electronic trading environment are presented. According to one embodiment, a money management application intercepts an order before the order is sent to an exchange, and determines a plurality of P/L levels, based on which the money management application then selects a set of money management parameters to be used to control or modify order parameters before the order is sent to the exchange. The plurality of profit levels may include a net profit level determined based on a trader's net position and a current market level, a realized profit level determined based on trader's sells and buys associated with the tradeable object, or an open profit level determined based on the realized and net profit levels. The set of money management parameters may include a maximum order quantity and a maximum net position so that, for example, if the order quantity associated with the order is higher than the maximum order quantity associated with the applicable set of money management parameters, the order quantity may be modified to the maximum order quantity.

8332304, Dec 11, 2012

May 29, 2009

12/474864

Michael J. Burns - Chicago IL, US
Robert A. West - Chicago IL, US
Gerald J. O'Connor - Chicago IL, US
Stephen J. Murphy - Oak Park IL, US
Scott F. Singer - Lake Bluff IL, US

Trading Technologies International, Inc. - Chicago IL

G06Q 40/00

705 37

A system and method are provided for trading multiple tradeable objects. One example method includes displaying at least one combined quantity indicator representing a combined quantity associated with at least two tradeable objects, detecting an input associated with an order for a predetermined order quantity in relation to one of the combined quantity indicators, and allocating the order quantity between the at least two tradeable objects using at least one quantity allocation rule. In one example embodiment, a plurality of quantity allocation rules can be user-configurable, and different rules can be defined and applied in relation to different order types.

2013011, May 2, 2013

Dec 20, 2012

13/721462

Ryan N. Andrews - Evanston IL, US
Jens-Uwe Schluetter - Evanston IL, US
David W. Garrison - Arlington Heights IL, US
Michael J. Burns - Chicago IL, US

TRADING TECHNOLOGIES INTERNATIONAL, INC. - Chicago IL

G06Q 40/04

705 37

A system and method for providing order queue position information are disclosed. In this application, market updates are received for a tradeable object from at least one exchange. To the extent that the market updates do not include enough details to compute the queue position of a trader's working orders, estimation may be used. As a result, an order queue is generated to approximate a trader's order position in an exchange price order queue. An interface may be used to display the generated order queue estimation to the trader which provides valuable trading information.

2012018, Jul 19, 2012

Mar 27, 2012

13/431663

Steven F. Borsand - Deerfield IL, US
Michael J. Burns - Chicago IL, US
Scott F. Singer - Lake Bluff IL, US

Trading Technologies International Inc. - Chicago IL

G06Q 40/04

705 37

Orders are automatically sent to the market when certain user defined conditions are met. In particular, a trader can configure the trading application to automatically send orders for preset quantities at price levels with queues falling below a user defined threshold. The length of queues may be measured in several ways, for example, the queue length could be measured by quantity at a given price level or the queue length could be measured by the number of orders at a given price level, or the queue length could be measured by a combination of quantity and orders. The present embodiments can more quickly recognize opportunities and send an order to take advantage of it than a trader can do manually. Other advantages and features are described herein.

7539640, May 26, 2009

Nov 6, 2003

10/702288

Michael J. Burns - Chicago IL, US
Fred Monroe - Silver Spring MD, US

Trading Technologies International, Inc. - Chicago IL

G06F 17/60

705 37, 705 35, 705 36, 705 64, 717171, 717176, 717200

A trading system is described herein for hosting a collection of one or more electronic exchanges. The collection of electronic exchanges may be made up of separately designated exchanges under one or more authorizing and regulating bodies. The trading system receives from traders bids to purchase and offers to sell a tradeable object listed at one of the electronic exchanges. Then, the trading system directs the bids and offers to the appropriate exchange where the bids and offers may be automatically matched in the corresponding market. The trading system may also be used to take actions in one or more markets that are internal and external to the trading system on behalf of a trader using preprogrammed trading instructions.

7574391, Aug 11, 2009

Sep 30, 2004

10/955289

Fred Monroe - Silver Spring MD, US
Michael J. Burns - Chicago IL, US
Scott F. Singer - Lake Bluff IL, US

Trading Technologies International Inc. - Chicago IL

G06Q 40/00

705 36R

Market depth information pertaining to the hedging side is utilized to intelligently break a non-hedging order into multiple orders, such that the orders rest at cascading price levels. This way, the trader can benefit from sweeps in the book and still properly account for the market depth on the hedging side. Further, there is a greater probability of receiving “partials” on the spread order. In addition, hedge orders may be sent at multiple price levels, or sent to the market in pieces over time. By applying a more intelligent process to hedge orders (as opposed to “fire and forget”) an alternative beyond limit orders that can be legged or market orders is provided.

2006025, Nov 16, 2006

May 3, 2006

11/417493

Gary Kemp - Winnetka IL, US
Jens-Uwe Schluetter - Evanston IL, US
Harris Brumfield - Chicago IL, US
Michael Burns - Chicago IL, US

G06Q 40/00

705035000

Tools for trading and monitoring a commodity on an electronic exchange using a graphical user interface and a user input device. The tools will aid the trader in determining the status, trends in the market, and the trader's position in the market.