John D Gilmore

US Patent:

7197483, Mar 27, 2007

Filed:

Oct 15, 2003

Appl. No.:

10/685907

Inventors:

Neal Brady - Evanston IL, US
Noah Carey - Evanston IL, US
William Erwin - Chicago IL, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - West Chicago IL, US

Assignee:

Chicago Mercantile Exchange - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.

US Patent:

7272580, Sep 18, 2007

Filed:

Dec 28, 2006

Appl. No.:

11/646863

Inventors:

Neal Brady - Evanston IL, US
Noah Carey - Evanston IL, US
William R. Erwin - Carlsbad CA, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - Seattle WA, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include market makers) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscribers' terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.

US Patent:

7337140, Feb 26, 2008

Filed:

Oct 30, 2001

Appl. No.:

10/001237

Inventors:

Neal Brady - Evanston IL, US
Noah Carey - Evanston IL, US
William R. Erwin - Chicago IL, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - West Chicago IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 36 R

Abstract:

A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative uses: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.

US Patent:

7818248, Oct 19, 2010

Filed:

Oct 1, 2007

Appl. No.:

11/865534

Inventors:

Neal Brady - Evanston IL, US
Noah Carey - Evanston IL, US
William R. Erwin - Evanston IL, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - West Chicago IL, US

Assignee:

Chicago Mercantile Exchange Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37, 705 30

Abstract:

A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.

US Patent:

8484103, Jul 9, 2013

Filed:

Apr 6, 2010

Appl. No.:

12/754901

Inventors:

Neal Brady - Evanston IL, US
Noah Carey - Evanston IL, US
William R. Erwin - Evanston IL, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - West Chicago IL, US

Assignee:

Chicago Mercantile Exchange Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 30, 705 37

Abstract:

A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.

US Patent:

20130297480, Nov 7, 2013

Filed:

Apr 25, 2013

Appl. No.:

13/870758

Inventors:

Noah Carey - Evanston IL, US
William R. Erwin - Chicago IL, US
John Gilmore - Burr Ridge IL, US
Michael Quattrocki - Chicago IL, US
Frank Stone - Chicago IL, US
Mark Thornburgh - West Chicago IL, US

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

A computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station in the network acts as a facilitator for the market makers and subscribers to make a trade at an Exchange. In another embodiment the network managing station consummates the trade between a market maker and a subscriber by matching binding quotes and orders and clears the trade at an Exchange. The computer network for electronically trading derivative comprises: (a) network managing station; (b) one or more market maker stations; (c) one or more subscriber stations; (d) one or more Exchanges. The network managing station connects market makers and subscribers for making real time indicative quotes, issuing requests for quotes, obtaining binding quotes and wherein the market maker and subscriber are in communication with an Exchange for sending binding quotes and orders to the Exchange for clearing and confirming transactions.

US Patent:

D3297500, Sep 29, 1992

Filed:

Oct 19, 1990

Appl. No.:

7/600234

Inventors:

John A. Gilmore - Aurora CO
Leslie C. Gilmore - Aurora CO

US Classification:

D 3106