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Stuart J Kipnes

from Naples, FL
Age ~58

Stuart Kipnes Phones & Addresses

  • Naples, FL
  • 2120 Lincoln St, Chicago, IL 60614 (773) 528-8560
  • 2609 Greenview Ave, Chicago, IL 60614 (773) 528-8560
  • 2611 Greenview Ave, Chicago, IL 60614 (773) 528-8560
  • Jericho, NY
  • 2609 N Greenview Ave APT E, Chicago, IL 60614 (773) 263-7884

Work

Company: Associated options, inc. Position: President

Education

Degree: BS School / High School: University of Maryland College Park 1984 to 1988 Specialities: Finance

Industries

Financial Services

Resumes

Resumes

Stuart Kipnes Photo 1

President At Associated Options, Inc.

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Position:
President at Associated Options, Inc.
Location:
Greater Chicago Area
Industry:
Financial Services
Work:
Associated Options, Inc.
President
Education:
University of Maryland College Park 1984 - 1988
BS, Finance

Business Records

Name / Title
Company / Classification
Phones & Addresses
Stuart J. Kipnes
Director
CBOE HOLDINGS, INC
Commodity Contracts Brokers Dealers
400 S Lasalle St, Chicago, IL 60605
400 S Ln Salle St, Fl1, Chicago, IL 60605
(312) 786-5600, (312) 786-7367, (800) 380-7118
Stuart Kipnes
Executive
Belzberg Technologies Chicago Board of Options
Security Brokers and Dealers
400 S Ln Salle St, Chicago, IL 60605
(312) 765-0384

Publications

Us Patents

Hybrid Trading System For Concurrently Trading Securities Or Derivatives Through Both Electronic And Open-Outcry Trading Mechanisms

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US Patent:
7613650, Nov 3, 2009
Filed:
Apr 24, 2003
Appl. No.:
10/423201
Inventors:
Eileen C. Smith - Chicago IL, US
Anthony Montesano - Chicago IL, US
Edward T. Tilly - Barrington IL, US
Mark A. Esposito - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
Anthony J. Carone - Chicago IL, US
Assignee:
Chicago Board Options Exchange, Incorporated - Chicago IL
International Classification:
G06Q 99/00
US Classification:
705 37
Abstract:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.

Method And System For Providing Order Routing To A Virtual Crowd In A Hybrid Trading System

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US Patent:
7653588, Jan 26, 2010
Filed:
Dec 29, 2005
Appl. No.:
11/321065
Inventors:
Edward T. Tilly - Barrington IL, US
Anthony J. Carone - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
Anthony Montesano - Chicago IL, US
Eileen C. Smith - Chicago IL, US
Assignee:
Chicago Board Options Exchange, Incorporated - Chicago IL
International Classification:
G06Q 99/00
US Classification:
705 37
Abstract:
A method of providing orders to a virtual trading crowd in an exchange prior to automatically linking the order to an away market is disclosed. The method may include receiving a marketable order for a security or derivative at the exchange, wherein the exchange has a price that differs from a national best bid or offer price, routing the marketable order to a trade engine, disseminating a request for price message to all market makers quoting a class in response to receiving the marketable order, the request for price message including a price equal to the national best bid or offer price, receiving a response message at the electronic trade engine in response to the request for price message from at least one market maker, initiating a quote trigger, wherein the quote trigger occurs for a period of N seconds, and allocating the order according to an allocation algorithm, wherein an order size of each market maker is capped to prevent inflation of an allocated portion of the order.

Method And System For Providing An Automated Auction For Internalization And Complex Orders In A Hybrid Trading System

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US Patent:
7676421, Mar 9, 2010
Filed:
Oct 11, 2005
Appl. No.:
11/249018
Inventors:
Edward T. Tilly - Barrington IL, US
Anthony J. Carone - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
James Gazis - Westmont IL, US
Anthony Montesano - Chicago IL, US
Eileen C. Smith - Chicago IL, US
Assignee:
Chicago Board Options Exchange, Incorporated - Chicago IL
International Classification:
G06Q 99/00
US Classification:
705 37
Abstract:
A method of providing an automated auction for internalization for the purchase or sale of securities or derivatives in an exchange is disclosed. The method may include receiving an order at an electronic trade engine, disseminating a request for price message to at least one user in response to receiving the order, receiving a one-sided response message representative of a participant-type in response to the request for price message, selecting an allocation algorithm from a plurality of allocation algorithms, initiating the selected allocation algorithm and allocating the order according to the participant-type upon termination of the selected auction. The system may include an electronic trading engine configured to disseminate an auction message in response to an order, a database of allocation algorithms, and a trade processor for initiating an auction according the one of the allocation algorithms and terminating the auction upon defined early termination events.

Method And System For Providing An Automated Auction For Internalization And Complex Orders In A Hybrid Trading System

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US Patent:
8296218, Oct 23, 2012
Filed:
Dec 29, 2009
Appl. No.:
12/649047
Inventors:
Edward T. Tilly - Barrington IL, US
Anthony J. Carone - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
James Gazis - Westmont IL, US
Anthony Montesano - Chicago IL, US
Eileen C. Smith - Chicago IL, US
Assignee:
Chicago Board Options Exchange, Incorporated - Chicago IL
International Classification:
G06Q 40/00
US Classification:
705 37
Abstract:
A method of providing an automated auction for internalization for the purchase or sale of securities or derivatives in an exchange is disclosed. The method may include receiving an order at an electronic trade engine, disseminating a request for price message to at least one user in response to receiving the order, receiving a one-sided response message representative of a participant-type in response to the request for price message, selecting an allocation algorithm from a plurality of allocation algorithms, initiating the selected allocation algorithm and allocating the order according to the participant-type upon termination of the selected auction. The system may include an electronic trading engine configured to disseminate an auction message in response to an order, a database of allocation algorithms, and a trade processor for initiating an auction according the one of the allocation algorithms and terminating the auction upon defined early termination events.

Hybrid Trading System For Concurrently Trading Securities Or Derivatives Through Both Electronic And Open-Outcry Trading Mechanisms

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US Patent:
8346652, Jan 1, 2013
Filed:
Sep 16, 2009
Appl. No.:
12/560981
Inventors:
Eileen C. Smith - Chicago IL, US
Anthony Montesano - Chicago IL, US
Edward T. Tilly - Barrington IL, US
Mark A. Esposito - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
Anthony J. Carone - Chicago IL, US
Assignee:
Chicago Board Options Exchange, Incorporated - Chicago IL
International Classification:
G06Q 40/00
US Classification:
705 37
Abstract:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, but limiting market making to only those entities having a physical presence on the floor of the exchange. Methods of enhancing the hybrid electronic and open-outcry exchange also include automatically eliminating crossed quotes and locked quotes while permitting certain orders to trade against locked quotes.

Hybrid Trading System For Concurrently Trading Through Both Electronic And Open-Outcry Trading Mechanisms

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US Patent:
20060149659, Jul 6, 2006
Filed:
Nov 30, 2005
Appl. No.:
11/291086
Inventors:
Anthony Carone - Chicago IL, US
Mark Esposito - Chicago IL, US
Stuart Kipnes - Chicago IL, US
Anthony Montesano - Chicago IL, US
Eileen Smith - Chicago IL, US
Edward Tilly - Barrington IL, US
International Classification:
G06Q 40/00
US Classification:
705037000
Abstract:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders.

Hybrid Trading System For Concurrently Trading Through Both Electronic And Open-Outcry Trading Mechanisms

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US Patent:
20090292634, Nov 26, 2009
Filed:
Apr 30, 2009
Appl. No.:
12/433498
Inventors:
Anthony J. Carone - Chicago IL, US
Mark A. Esposito - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
Anthony Montesano - Chicago IL, US
Eileen C. Smith - Chicago IL, US
Edward T. Tilly - Barrington IL, US
International Classification:
G06Q 40/00
US Classification:
705 37
Abstract:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders.

Hybrid Trading System For Concurrently Trading Through Both Electronic And Open-Outcry Trading Mechanisms

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US Patent:
20120158567, Jun 21, 2012
Filed:
Aug 23, 2011
Appl. No.:
13/215894
Inventors:
Anthony J. Carone - Chicago IL, US
Mark A. Esposito - Chicago IL, US
Stuart J. Kipnes - Chicago IL, US
Anthony Montesano - Chicago IL, US
Eileen C. Smith - Chicago IL, US
Edward T. Tilly - Barrington IL, US
International Classification:
G06Q 40/04
US Classification:
705 37
Abstract:
A system and method of allocating orders in an exchange configured for trading by a combination of electronic and open-outcry trading mechanisms is provided. One method includes permitting multiple quotes to be disseminated to the market, and providing market making rights of varying degrees to entities having a physical presence on the floor of the exchange and entities remotely located away from the trading floor. The system includes a trade engine configured for receiving orders from market makers on and away from the trading floor. The system also includes executable instructions for allocating to designated primary market makers a portion of an incoming order remaining after first trading against public customer orders.
Stuart J Kipnes from Naples, FL, age ~58 Get Report