Barrington, IL, United States of America

Edward T Tilly

This inventor holds 13 USPTO granted patents and 12 published patent applications, primarily in Hybrid Trading Systems. Top assignees: Chicago Board Options Exchange, Incorporated, Cboe Exchange, Inc.. Active years: 2009-2025.

IDiyas Innovation Intelligence. (2026). Inventor Profile: Edward T Tilly. Retrieved from https://idiyas.com/inventor/edward-t-tilly

Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile

Calculating rank

USPTO Granted Patents = 13 (Patent Applications = 12)

% Patents Active = 61.5

Average Co-Inventor Count = 4.2

ph-index = 4

Forward Citations = 66(Granted Patents)

Company Filing History:

8 out of 47

Chicago Board Options Exchange, Incorporated

Years Active: 2009-2025

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Areas of Expertise:

Hybrid Trading Systems

Automated Auctions

Order Tracking

Securities Trading

Derivatives Trading

Order Visualization

Trading Mechanisms

Electronic Trading

Open-Outcry Trading

Order Routing

Penny Increments

Complex Orders

13 patents (USPTO):Sort by Forward CitationsExplore Patents

1. 12217307 - Virtual trading floor (2025-02-04),

2. 12165200 - Order tracking and visualization (2024-12-10),

3. 11151650 - Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms (2021-10-19),

4. 10614521 - Method and system for providing an automated auction for internalization and complex orders in a hybrid trading system (2020-04-07),

5. 10417708 - Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms (2019-09-17),

6. 8489489 - System and method for trading derivatives in penny increments while disseminating quotes for derivatives in nickel/dime increments (2013-07-16),

7. 8346653 - Automated trading system for routing and matching orders (2013-01-01),

8. 8346652 - Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms (2013-01-01),

9. 8296218 - Method and system for providing an automated auction for internalization and complex orders in a hybrid trading system (2012-10-23),

10. 7676421 - Method and system for providing an automated auction for internalization and complex orders in a hybrid trading system (2010-03-09),

11. 7653588 - Method and system for providing order routing to a virtual crowd in a hybrid trading system (2010-01-26),

12. 7613650 - Hybrid trading system for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms (2009-11-03),

13. 7552083 - Hybrid trading system for concurrently trading through both electronic and open-outcry trading mechanisms (2009-06-23),

Title: The Innovative Contributions of Edward T. Tilly from Barrington, IL

Introduction

Edward T. Tilly, a prominent inventor residing in Barrington, IL, has made significant contributions to the field of financial technology. With a remarkable portfolio of 13 patents, Tilly has developed innovative solutions that enhance trading environments and improve order management systems.

Latest Patents

Among his latest patents, Tilly introduced the "Virtual Trading Floor," a groundbreaking method that facilitates a virtual trading environment through an exchange computer system. This patent describes a system that enables audio-visual interaction among remote market participants while maintaining secure connections for transaction orders related to financial instruments. The system intricately handles responses and facilitates transactions based on order matching rules.

Another notable patent is the "Order Tracking and Visualization" system, which provides methods and apparatus for effectively tracking and visualizing orders. This innovation utilizes an exchange computer system that receives orders from users, tags them for identification, and delivers real-time tracking status through a graphical user interface. The system varies the stages of order execution based on the order type, ensuring users are informed about the order's status at every stage.

Career Highlights

Edward Tilly has collaborated with prestigious companies such as the Chicago Board Options Exchange, Incorporated and Cboe Exchange, Inc., where he has significantly impacted the fintech landscape. His work has been critical in advancing technology that supports modern trading practices.

Collaborations

Throughout his career, Tilly has had the opportunity to work alongside talented professionals, including Eileen C. Smith and Anthony Montesano. These collaborations have undoubtedly influenced the innovative approaches to financial trading technology that he has developed.

Conclusion

Edward T. Tilly stands out as a leading inventor in the financial technology arena. His patents, particularly in virtual trading systems and order tracking, reflect his commitment to innovating the trading experience. His career achievements and collaborations continue to pave the way for advancements in fintech solutions.

Profile summary based on public USPTO records.

Data Sources: USPTO Patent Grant XML, Patent Center, EPO & CIPO • Normalized by IDiyas Innovation Graph. Methodology & provenance architecturePlease report any incorrect information to [email protected]

12 patents pending: