Cfph, LLC

Cantor Fitzgerald, LP

Bgc Partners, Inc.

Optima Computers LLC

Other

Stuart Fraser

Howard W Lutnick

Bijoy Paul

Glenn D Kirwin

Philip Myron Ginsberg

Andrew C Gilbert

Michael E Williams

Homero Joshua Garza

Nicholas Eugenio Huanca

Philip N Ginsberg

Data processing systems and methods for managing transactions in auction-based trading of specialized items such as fixed income instruments are presented. The data processing system provides a highly structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a plurality of commonly configured program-controlled workstations. The protocol and its program-controlling logic improves trading efficiency, rewards market Makers, and fairly distributes market opportunity to system users.

Dynamic keyboard for trading

A system for injecting code into an HTML file comprises a memory and a processor communicatively coupled to the memory. The memory stores code. The processor receives a request for content. The processor determines whether the request for content includes a request for compression and, if so, deletes the request for compression associated with the requested content. The processor retrieves the requested content. If the retrieved content is associated with an HTML file, then the processor injects the code into the HTML file to thereby modify the HTML file. The processor communicates the modified HTML file to a client.

Code injection system and method of operation

A request is received from a first consumer to sell at least one ticket, in which a provider of the ticket may have authorized the ticket to be sold. Information regarding the ticket may then be presented to at least a second consumer, who may make an indication to purchase the ticket. Thereafter, an inducement may be paid to the provider of the ticket in connection with a sale of the ticket to the second consumer.

Transferring an item

A request is received from a first consumer to sell at least one ticket, in which a provider of the ticket has authorized the ticket to be sold. Information regarding the ticket may then be presented to at least a second consumer, who may make an indication to purchase the ticket.

Authorization system and method

A request is received from a first consumer to sell at least one ticket, in which a provider of the ticket may have authorized the ticket to be sold. Information regarding the ticket may then be presented to at least a second consumer, who may make an indication to purchase the ticket. Thereafter, the first and second consumers each may be charged a fee in connection with a sale of the ticket to the second consumer.

Transferring a ticket

The invention is systems and methods for transferring items with restricted transferability. Initially, the systems and methods wait for a first consumer to make a request to transfer an item after having purchased the item from a provider. The systems and methods then send a request to transfer the item to the provider. This request may indicate inducements to the provider to authorize the transfer. If the transfer is authorized, the systems and methods then present information regarding the item to other consumers. This information may be presented as part of a bidding interface or as part of an advertising interface. Once the second consumer submits a winning bid for the item when the information is presented in a bidding interface, or an acceptable offer when the information is presented in an advertising interface, the transfer of the item can then be completed with or without the assistance of an intermediary. When the transfer is completed without the assistance of an intermediary, the first and second consumer may directly transfer the item and payment to each other. When the transfer is completed with the assistance of an intermediary, the first consumer may send the item to the intermediary and the second consumer may send payment to the intermediary. Once both the item and the payment have been received at the intermediary, the intermediary may send the item to the second consumer and all or part of the payment to the first consumer.

Systems and methods for transferring items with restricted transferability

Systems and methods for electronic trading that provide incentives to users of a trading system. The systems and methods may monitor a trading activity of the user and determine that the orders submitted by the user over a period of time exceed a first pre-determined threshold. Systems and methods also determine that a spread of the plurality of orders exceeds a second pre-determined threshold. Based on these determinations, the user is designated as qualifying for a special status, which entitles the user to incentives in trading. Systems and methods apply the incentives to an order submitted by the user. One such incentive provides the user with a priority in a trading queue, where orders submitted by the user are executed in advance of other orders in the trading queue.

System and method that provide incentives to qualified users of an electronic trading system

The present invention is systems and methods for trading. In accordance with these systems and methods, a plurality of trader work stations that are connected to a central server may be provided. Through the work stations and central server, the systems and methods may perform participant qualification, instrument creation, bid/offer entry and response, when hit and take, workup, price retention, price improvement, request for market, bid/off restoration, price generation, position conversion, marking to market, and delivery functions.

Systems and methods for trading

Systems and methods for providing incentives for gathering orders, making markets, and submitting block orders, and that enable linking of multiple auctions. First, the system determines whether the trader qualifies for an incentive. This determination may be made based upon characteristics, such as price, size, duration of orders submitted to the trading system. The incentives provided may include reduced transaction costs, cash payments, priority or exclusivity in trading, self execution of transactions. Before an order is eligible to be traded in an auction that is linked to another auction in the trading system, the order is preferably confirmed as qualifying to be auctioned in such a manner. If an order is confirmed, the auction is created and preferably linked to another auction based upon a characteristic of the order. Information from each auction also may be available to traders in the other auctions.

Systems and methods for electronic trading that provide incentives and linked auctions

A service is provided that verifies, repairs, and provides a resale mechanism for electronic merchandise over the Internet. A reseller sends in a request to sell electronic merchandise. The service provider may verify the authenticity of the merchandise. Next, depending on the reseller's requests, the service provider may verify the electronic merchandise and repair the electronic merchandise if the data is faulty. When the electronic merchandise is ready, the service provider may advertise the merchandise using a method specified by the reseller. Once there is a buyer, the service provider may notify the reseller, a transaction may occur, and the electronic merchandise and copyrights may be transferred from reseller to buyer.

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Armonk, NY, United States of America

Stuart Fraser