Bharat B Mittal

Author:

Bharat B. Mittal

ISBN #:

0792399811

US Patent:

7844726, Nov 30, 2010

Filed:

Jul 28, 2008

Appl. No.:

12/180942

Inventors:

Alexander V. Foygel - Highland Park IL, US
Bharat Mittal - Schaumburg IL, US
Douglas R. Duquette - Glencoe IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06F 15/173

US Classification:

709232

Abstract:

System and method for dynamically managing message flow. According to the example embodiments, an intermediary network device or a client device dynamically manages the flow of messages received from an electronic exchange by analyzing the client device's capabilities, such as CPU utilization. Based on a percentage of total CPU utilization, the level of throttling is dynamically adjusted, such that if the percentage of CPU utilization, or load, increases, then throttling is increased from a lower level to a higher level. Similarly, if the percentage of CPU utilization decreases significantly enough, then throttling is decreased to a lower level.

US Patent:

7930233, Apr 19, 2011

Filed:

May 13, 2010

Appl. No.:

12/779181

Inventors:

Farley Owens - Chicago IL, US
Robert J. Kline - Chicago IL, US
Diane Saucier - Evanston IL, US
Nidhi Singh - Chicago IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 37, 705 35

Abstract:

System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.

US Patent:

8131868, Mar 6, 2012

Filed:

Oct 22, 2010

Appl. No.:

12/910027

Inventors:

Alexander V. Foygel - Highland Park IL, US
Bharat Mittal - Schaumburg IL, US
Douglas R. Duquette - Glencoe IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06F 15/173

US Classification:

709232

Abstract:

System and method for dynamically managing message flow. According to the example embodiments, an intermediary network device or a client device dynamically manages the flow of messages received from an electronic exchange by analyzing the client device's capabilities, such as CPU utilization. Based on a percentage of total CPU utilization, the level of throttling is dynamically adjusted, such that if the percentage of CPU utilization, or load, increases, then throttling is increased from a lower level to a higher level. Similarly, if the percentage of CPU utilization decreases significantly enough, then throttling is decreased to a lower level.

US Patent:

8145553, Mar 27, 2012

Filed:

Mar 11, 2011

Appl. No.:

13/046545

Inventors:

Farley Owens - Chicago IL, US
Robert J. Kline - Chicago IL, US
Diane Saucier - Evanston IL, US
Nidhi Singh - Chicago IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.

US Patent:

8380575, Feb 19, 2013

Filed:

Dec 15, 2009

Appl. No.:

12/637971

Inventors:

Alexander V. Foygel - Highland Park IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06Q 30/00

US Classification:

705 261, 705 37

Abstract:

Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the messages may be sent based on the priority levels. Additionally, each priority level may be associated with a predetermined threshold level. If a message threshold is reached, a new message corresponding to that priority level is queued until the message may be transmitted without exceeding the threshold limit.

US Patent:

8386359, Feb 26, 2013

Filed:

Jan 21, 2012

Appl. No.:

13/355510

Inventors:

Farley Owens - Chicago IL, US
Robert J. Kline - Chicago IL, US
Diane Saucier - Evanston IL, US
Nidhi Singh - Chicago IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

System, method, and program products offer flexibility to the rather rigid way of trading in an electronic trading system. Orders for a tradeable object may typically get matched according to set terms and/or conditions at an electronic exchange. A trader may log onto the electronic exchange to trade the tradeable object, and may choose to display and trade the tradeable object according to a different set of terms and/or conditions. As such, the market data sent to the trader from the exchange is converted to a format according to the trader's selection, so that it may be presented to the trader in this format. Transaction messages sent to the exchange from the trader are converted to the format readable by the matching process, so that it can process the messages. Other features and advantages are described herein.

US Patent:

8401952, Mar 19, 2013

Filed:

Mar 24, 2009

Appl. No.:

12/410232

Inventors:

Alexander V. Foygel - Highland Park IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Various systems and methods for trade order processing in an electronic trading environment are provided. The order processing includes initiating a first thread of instructions at a computing device to send a first trade order onto an electronic exchange. However, if one or more trade orders are identified during the process to send the first trade order, then the one or more orders are queued. When the first trade order is sent to the electronic exchange, then a second thread of instructions is initiated at the computing device to send the queued one or more trade orders (substantially together, if there is more than one) on to the electronic exchange.

US Patent:

8589278, Nov 19, 2013

Filed:

Sep 30, 2009

Appl. No.:

12/570816

Inventors:

Patricia A. Messina - Chicago IL, US
Bharat Mittal - Schaumburg IL, US

Assignee:

Trading Technologies International, Inc. - Chicago IL

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

A quantity modifier and a price modifier are provided for a spread trading strategy having a desired spread price and a desired spread quantity. According to an example embodiment, a quantity modifier divides the desired spread quantity into a plurality of disclosed spread quantities. Once the disclosed quantities are determined, a plurality of disclosed spread orders having the disclosed spread quantities are sequentially submitted to the market until the full desired spread order quantity is executed or until a predefined condition is detected. A price modifier determines a price level for each disclosed spread quantity, such that each disclosed spread order may be submitted at a different price level.