Richard S May

US Patent:

8380610, Feb 19, 2013

Filed:

Jul 27, 2009

Appl. No.:

12/509937

Inventors:

Robert T. Nagle - Little Falls NJ, US
Daniel Abbatemarco - Colts Neck NJ, US
Christopher Ferreri - Staten Island NY, US
Richard Raymond May - Matthews NC, US

Assignee:

ICAP Services North America LLC - Jersey City NJ

International Classification:

G06Q 40/00

US Classification:

705 37, 705 38, 705 44

Abstract:

A data processing system for implementing transaction management of auction-based trading is disclosed. The disclosed data processing system provides a structured trading protocol implemented through a sequence of trading paradigms. The system employs a distributed computer processing network linking together a matching engine and a plurality of workstations. The protocol and its programmed controlling logic enhances trading efficiency, rewards market makers, and fairly distributes market opportunity to system users. In some preferred embodiments, the structured trading protocol permits traders to enter hidden bids or offers during a clearing period that may be converted to transactable bids and offers when the clearing period terminates. In addition, in some preferred embodiments, the structured protocol permits traders to enter orders that specify an initial price and a better, hidden price. The system is programmed to improve the price of a trader's order within the cap established by the hidden price in particular circumstances in order to permit the trader to maintain priority in the order book when a better-priced order enters the market.

US Patent:

41095332, Aug 29, 1978

Filed:

Dec 27, 1976

Appl. No.:

5/754401

Inventors:

Richard J. Broadman - W. Simsbury CT
Richard D. May - Weston CT

Assignee:

Jones Instrument Corporation - Stanford CT

International Classification:

G01P 318

US Classification:

73498

Abstract:

Apparatus for deflecting a pointer in proportion to the rotational speed of a shaft comprises a support, a governor mounted on the support, an indicator mounted on the support and an angled calibrating lever pivotally mounted on the support and connecting the governor to the indicator. The governor includes an input member adapted to be operably connected to the shaft for rotation therewith and an output member movable in a given direction (typically parallel to the axis of shaft rotation) to a degree generally related to the rotational speed of the shaft. The indicator includes a drum, a pointer operably connected to the drum for movement therewith, and a flexible member at least partially wound about the drum so that the drum is rotated by the unwinding of the flexible member therefrom. The angled calibrating lever has one leg bearing against the output member for motion therewith and the other leg secured to a portion of the flexible member for unwinding the flexible member from the drum. In order that the deflection of the pointer be in close proportion to the rotational speed of the shaft, means are provided for compensating for the deviation from proportionality of the degree of movement of the output member to the rotational speed of the shaft.