Patents by Inventor Ashraf Ansari

Ashraf Ansari has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • DETECTION AND MITIGATION OF EFFECTS OF HIGH VELOCITY PRICE CHANGES
    Publication number: 20140143123
    Abstract: The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up (“spike”) or down (“dip”) in the market, such as a “flash crash,” where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit.
    Type: Application
    Filed: January 24, 2014
    Publication date: May 22, 2014
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Scott D. Banke, Stanislav Liberman, Neil A. Lustyk, James Bailey, Ashraf Ansari, Pearce Peck-Walden, John Scheerer, Haifeng Zheng, Matthew J. Kelly, Brian M. Wolf, Troy C. Kane
  • Detection and mitigation of effects of high velocity price changes
    Patent number: 8660936
    Abstract: The disclosed embodiments relate to mechanisms to rapidly detect and respond to situations where a market is not operating in a fair and balanced manner or otherwise where the market value is not reflective of a true consensus of the value of the traded products among the market participants. In particular, the disclosed embodiments continually scan for, rapidly detect and respond to extreme changes, either up (“spike”) or down (“dip”) in the market, such as a “flash crash,” where a precipitous market move occurs. Generally, the disclosed embodiments determine when a market for a particular product moves too quickly in too short of period of time, e.g. the velocity of the market exceeds a defined threshold limit.
    Type: Grant
    Filed: October 2, 2012
    Date of Patent: February 25, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Scott D. Banke, Stanislav Liberman, Neil A. Lustyk, James Bailey, Ashraf Ansari, Pearce Peck-Walden, John Scheerer, Haifeng Zheng, Matthew J. Kelly, Brian M. Wolf, Troy C. Kane