Daniel Cleaves resumes & CV records
Resumes
Daniel Cleaves
Daniel O Cleaves, Age 60Point Pleasant Beach, NJ
Daniel Cleaves Phones & Addresses
Bay Head, NJ
Naples, FL
Westfield, NJ
193 Summit Ave, Summit, NJ 07901 (908) 273-7162
11 Fairview Ave, Summit, NJ 07901 (908) 273-7162
Jersey City, NJ
Union, NJ
Hoboken, NJ
Chicago, IL
Millburn, NJ
Mentions for Daniel O Cleaves
Publications & IP owners
Us Patents
System And Method For Providing Workup Trading
US Patent:
7831504, Nov 9, 2010
Filed:
Jul 1, 2008
Appl. No.:
12/166083
Inventors:
Daniel Cleaves - Summit NJ, US
Atul Bhatia - Bridgewater NJ, US
Atul Bhatia - Bridgewater NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 35
Abstract:
A trading system matches a passive order to buy or sell an item at a price with an aggressive order to hit or lift the item at that price. A workup is initiated during which other parties can submit additional orders at the passive order price. A further order may be submitted during workup with a better price. If the amount at the better price equals or exceeds a threshold value and it can be traded at the better price, the workup is terminated and a new workup initiated at the better price.
Pass Through Liquidity In A Multi-Tiered Trading System And Method
US Patent:
7840478, Nov 23, 2010
Filed:
Jan 12, 2006
Appl. No.:
11/332669
Inventors:
Ronald A. Purpora - Staten Island NY, US
Daniel O. Cleaves - Summit NY, US
Daniel O. Cleaves - Summit NY, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 26
Abstract:
The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship.
Multiple Protocol Trading System
US Patent:
7844542, Nov 30, 2010
Filed:
Jun 14, 2010
Appl. No.:
12/814700
Inventors:
Deborah L. Kessler - Mountain Lakes NJ, US
Daniel Cleaves - Summit NJ, US
Daniel Cleaves - Summit NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 36 R
Abstract:
A multi-protocol trading system in which traders preferring different trading protocols may coexist within the same system, and access the same liquidity pool, while maintaining their trading rule preferences. The system supports two protocol preferences: a workup preference and a FIFO preference, and includes a single integrated order book that stores orders received from both workup and FIFO traders. Received orders are matched against orders in the order book in accordance with a FIFO and/or workup protocol, as a function of preferences selected by the traders and/or the system operator. Alternatively, the system includes a pair of order books, a workup order book and a FIFO order book. Customers submit linked orders having a workup leg and a FIFO leg which may be matched against the workup and/or FIFO order books, as a function of preferences selected by the traders and/or the system operator.
Multiple Protocol Trading System
US Patent:
7844543, Nov 30, 2010
Filed:
Jun 14, 2010
Appl. No.:
12/814740
Inventors:
Deborah L. Kessler - Mountain Lakes NJ, US
Daniel Cleaves - Summit NJ, US
Daniel Cleaves - Summit NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 36 R
Abstract:
A multi-protocol trading system in which traders preferring different trading protocols may coexist within the same system, and access the same liquidity pool, while maintaining their trading rule preferences. The system supports two protocol preferences: a workup preference and a FIFO preference, and includes a single integrated order book that stores orders received from both workup and FIFO traders. Received orders are matched against orders in the order book in accordance with a FIFO and/or workup protocol, as a function of preferences selected by the traders and/or the system operator. Alternatively, the system includes a pair of order books, a workup order book and a FIFO order book. Customers submit linked orders having a workup leg and a FIFO leg which may be matched against the workup and/or FIFO order books, as a function of preferences selected by the traders and/or the system operator.
System And Method For Providing Workup Trading
US Patent:
7949599, May 24, 2011
Filed:
Oct 7, 2010
Appl. No.:
12/900010
Inventors:
Daniel Cleaves - Summit NJ, US
Atul Bhatia - Bridgewater NJ, US
Atul Bhatia - Bridgewater NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06F 40/00
US Classification:
705 37, 705 35
Abstract:
A trading system matches a passive order to buy or sell an item at a price with an aggressive order to hit or lift the item at that price. A workup is initiated during which other parties can submit additional orders at the passive order price. A further order may be submitted during workup with a better price. If the amount at the better price equals or exceeds a threshold value and it can be traded at the better price, the workup is terminated and a new workup initiated at the better price.
System And Method For Providing Workup Trading Without Exclusive Trading Privileges
US Patent:
8005745, Aug 23, 2011
Filed:
Jun 28, 2006
Appl. No.:
11/475975
Inventors:
Daniel Cleaves - Summit NJ, US
Arthur Robert D'Arcy - Basking Ridge NJ, US
Arthur Robert D'Arcy - Basking Ridge NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 35
Abstract:
A system and method are provided that preserve many of the advantages of traditional workups, including the ability to create a single deal extended in time, while avoiding aspects of prior art workup protocols that can be disadvantageous in particular trading environments and, particularly, avoiding the trading delays sometimes created by providing certain traders with exclusive trading privileges in highly-liquid, fast-moving trading environments. In a preferred embodiment, the present system comprises a distributed computer processing system programmed to provide a structured trading protocol that enhances trading efficiency and fairly distributes market opportunity to system users. More specifically, in a preferred embodiment, the present system is adapted to provide a plurality of workup phases each of which is designated a “public” phase and during which all trading is conducted on a first-come-first-served basis.
Multiple Protocol Trading System
US Patent:
8249979, Aug 21, 2012
Filed:
Feb 18, 2010
Appl. No.:
12/708006
Inventors:
Deborah Kessler - Mountain Lakes NJ, US
Daniel Cleaves - Summit NJ, US
Daniel Cleaves - Summit NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 36 R
Abstract:
A multi-protocol trading system in which traders preferring different trading protocols may coexist within the same system, and access the same liquidity pool, while maintaining their trading rule preferences. The system supports two protocol preferences: a workup preference and a FIFO preference, and includes a single integrated order book that stores orders received from both workup and FIFO traders. Received orders are matched against orders in the order book in accordance with a FIFO and/or workup protocol, as a function of preferences selected by the traders and/or the system operator. Alternatively, the system includes a pair of order books, a workup order book and a FIFO order book. Customers submit linked orders having a workup leg and a FIFO leg which may be matched against the workup and/or FIFO order books, as a function of preferences selected by the traders and/or the system operator.
Pass Through Liquidity In A Multi-Tiered Trading System And Method
US Patent:
8260700, Sep 4, 2012
Filed:
Oct 12, 2010
Appl. No.:
12/903021
Inventors:
Ronald A. Purpora - Staten Island NY, US
Daniel Cleaves - Summit NJ, US
Daniel Cleaves - Summit NJ, US
Assignee:
ICAP Services North America LLC - Jersey City NJ
International Classification:
G06Q 40/00
US Classification:
705 37, 705 35
Abstract:
The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship.
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