Scott Nathanael Mcclure

US Patent:

8543488, Sep 24, 2013

Filed:

Apr 15, 2011

Appl. No.:

13/087906

Inventors:

Vitali Vinokour - Lexington MA, US
Robert M. France - Carlisle MA, US
Daniel Bergman - Brookline MA, US
Raymond Chow - Waltham MA, US
Chad L. Cook - Uxbridge MA, US
Richard J. Lavoie - Waltham MA, US
Scott McClure - Somerville MA, US
Arian Joseph Radmand - Natick MA, US
Rupert Webb - Norwood MA, US

Assignee:

Lime Brokerage LLC - Waltham MA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A network enables monitors, trading platforms and libraries to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. A low-latency interface between a customer server, such as a server that employs algorithmic trading methods to generate buy and sell orders for securities, and a brokerage server that validates such securities trading orders is optimized for handling the securities trading orders. The interface supports a trading command set specifically designed for orders from customer trading application programs, and the interface formats received trading commands into compact messages that are sent over a high-speed communication link to the brokerage server. The interface receives order acknowledgement messages and the like from the brokerage server and invokes callback routines in the customer trading application program to report status information.

US Patent:

20110178915, Jul 21, 2011

Filed:

Dec 30, 2010

Appl. No.:

12/982317

Inventors:

Vitali Vinokour - Lexington MA, US
Jeffrey S. Wecker - Southampton NY, US
Robert M. France - Carlisle MA, US
Daniel Bergman - Brookline MA, US
Raymond Chow - Waltham MA, US
Chad L. Cook - Uxbridge MA, US
Richard J. Lavoie - Waltham MA, US
Scott McClure - Somerville MA, US
Arian Joseph Radmand - Natick MA, US
Rupert Webb - Norwood MA, US

Assignee:

LIME BROKERAGE HOLDING LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A post-trade monitor receives feedback in the form of drop copy messages from an exchange server and validates orders placed with the exchange server by a sponsored access trading platform shortly after the orders have been placed. If a recently placed order is found to violate a rule or regulation, the monitor instructs the trading platform to change to a more restrictive trading mode, such as to cease placing all orders or certain types of orders, at least until certain parameters are met. A library provides an interface in a sponsored access trading platform between a client application program that generates proposed orders and an exchange server. The library provides pre-trade validation of the orders and sends only validated orders to the exchange server. A network enables monitors, trading platforms and libraries to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. A low-latency interface between a customer server, such as a server that employs algorithmic trading methods to generate buy and sell orders for securities, and a brokerage server that validates such securities trading orders is optimized for handling the securities trading orders. The interface supports a trading command set specifically designed for orders from customer trading application programs, and the interface formats received trading commands into compact messages that are sent over a high-speed communication link to the brokerage server. The interface receives order acknowledgement messages and the like from the brokerage server and invokes callback routines in the customer trading application program to report status information.

US Patent:

20140025558, Jan 23, 2014

Filed:

Sep 23, 2013

Appl. No.:

14/034364

Inventors:

Robert M. France - Carlisle MA, US
Daniel Bergman - Brookline MA, US
Raymond Chow - Waltham MA, US
Chad L. Cook - Uxbridge MA, US
Richard J. Lavoie - Waltham MA, US
Scott McClure - Somerville MA, US
Arian J. Radmand - Natick MA, US
Rupert Webb - Norwood MA, US

Assignee:

Lime Brokerage LLC - Waltham MA

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

A network enables a plurality of servers to share information about customers' trading activities and locally recalculate customer trading limits resulting from these trading activities. If a trading limit is exceeded, a server may automatically change to a less permissive trading mode, prevent an order being placed with the at least one exchange server and/or enter a trading mode in which orders that decrease account exposure are allowed and orders that increase account exposure are prevented.

US Patent:

20140108228, Apr 17, 2014

Filed:

Dec 18, 2013

Appl. No.:

14/132427

Inventors:

- Waltham MA, US
Robert M. France - Carlisle MA, US
Daniel Bergman - Brookline MA, US
Raymond Chow - Waltham MA, US
Chad L. Cook - Uxbridge MA, US
Richard J. Lavoie - Waltham MA, US
Scott McClure - Somerville MA, US
Arian J. Radmand - Natick MA, US
Rupert Webb - Norwood MA, US

Assignee:

Lime Brokerage LLC - Waltham MA

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

A post-trade monitor receives feedback in the form of drop copy messages from an exchange server and validates orders placed with the exchange server by a sponsored access trading platform shortly after the orders have been placed. If a recently placed order is found to violate a rule or regulation, the monitor instructs the trading platform to change to a more restrictive trading mode, such as to cease placing all orders or certain types of orders, at least until certain parameters are met.