Patents by Inventor Dale A. Michaels
Dale A. Michaels 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).
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Patent number: 10026123Abstract: A system and method for using asymmetrical offsets for products in a risk management analysis system are disclosed. Conventional systems assign symmetrical offsets for products, that is, if two products have an 80% correlation they each would be assigned an offset of 80% with respect to each other. However, it is desirable to allow for asymmetrical offsets. In the disclosed system and method, when two products have a correlation of 80%, one may be assigned an offset of 75% and the other may be assigned an offset of 80%. There are many reasons to vary the offset between the products. The varying offset may reflect an asymmetry in the risk in one of the products, such as being traded in an illiquid market or in a less desirable venue. The varying offset may correct for an imbalance in spread credits due to special charges from intra spreading.Type: GrantFiled: October 2, 2013Date of Patent: July 17, 2018Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Patent number: 10004974Abstract: An externally worn protective thigh pad which protects the inner and frontal thigh muscles from baseball or softball impacts. The protective thigh pad is designed specifically for the player who begins play by squatting behind a batter and spreading their legs. This is usually referred to as the catcher, but this could also be the umpire. The protective thigh pad provides a level of ballistic protection equal to the rest of the catchers gear. The protective thigh pad can be easily put on and removed for batting and base running. The protective thigh pad is comfortable enough to wear through nine innings of play. The protective thigh pad protects an area of the thigh from the inner thigh to the outer thigh and from the patella to the pubis. The protective thigh pad is circumferentially attached to the thigh then suspended from the waist keeping the pad in place.Type: GrantFiled: February 8, 2016Date of Patent: June 26, 2018Inventor: Dale Michael Schneider
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Publication number: 20150278625Abstract: The present disclosure provides automated robotic microscopy systems that facilitate high throughput and high content analysis of biological samples, such as living cells and/or tissues. In certain aspects, the systems are configured to reduce user intervention relative to existing technologies, and allow for precise return to and re-imaging of the same field (e.g., the same cell) that has been previously imaged. This capability enables experiments and testing of hypotheses that deal with causality over time with greater precision and throughput than conventional microscopy methods.Type: ApplicationFiled: June 11, 2015Publication date: October 1, 2015Inventors: Steven M. Finkbeiner, Dale Michael Ando, Aaron C. Daub
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Publication number: 20150170279Abstract: Systems and methods are disclosed for processing binary options (also referred to as digital options) in existing clearing systems, such as futures clearing systems. The binary option is treated, or processed, similar to standard options on a non-tradeable cash-settled underlying futures contract. A hypothetical instrument, referred to as a book instrument is created to facilitate clearing of the binary option. The book instrument has an expiration date after the expiration of the binary option, such as the day after the expiration of the binary option. For each binary option that expires in the money, a transaction is created for the book instrument future. The underlying book future has an assigned price that is a fixed amount less that the final price for the underlying statistical or actual value of the binary option at expiration. Transactions are loaded in the clearing system and processed and all positions are liquidated.Type: ApplicationFiled: January 16, 2015Publication date: June 18, 2015Inventors: Edward Gogol, Dmitriy Glinberg, Dale Michaels
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Publication number: 20150058258Abstract: A graphic user interface is disclosed that combines a traditional trading, bookkeeping system or clearing system window with a detailed margin and/or collateral asset calculation analysis window on a single screen. The disclosed GUI provides the flexibility to analyze any combination of products or instrument classes such as single stock futures, futures (of all types), options (of all types), forward contracts, security options, securities and cash-based assets. Conventional systems merely block entry of orders beyond a predetermined credit limit or display clearing/bookkeeping information on all types of portfolio or accounts.Type: ApplicationFiled: August 25, 2014Publication date: February 26, 2015Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Abudarham, Dale A. Michaels
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Publication number: 20140351169Abstract: A system and method is disclosed for determining performance bonds for fixed payoff products, i.e. contracts which payoff a fixed amount based on the outcome of an underlying event regardless of the value thereof. The worst outcome of the overall portfolio, which may contain more multiple instruments, is calculated, allowing the portfolio to have both long and short positions on the same underlying event and offsets among instruments within the portfolio. A universe of outcomes is constructed including single events with single outcomes, and the probability thereof, and single events with multiple outcomes, each with a probability thereof. Each outcome has an associated price and probability. Low probability events will have low values, resulting in a lower margin requirement. The margin requirement is then the amount of the maximum loss that the portfolio can sustain for any possible outcome of the underlying event, adjusted for the probability thereof.Type: ApplicationFiled: August 6, 2014Publication date: November 27, 2014Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Publication number: 20140330702Abstract: A computer-implemented method for analyzing a risk offset associated with a portfolio including a plurality of products traded on an exchange is disclosed. The method includes comparing a first market response of a first product in the portfolio with a second market response of a second product in the portfolio where the first and second market responses result from a change in market data, calculating an offsetting effect between the first market response and the second market response where the first and second market responses are substantially different responses to the same change in the market data, determining a diversification spread based on the offsetting effect derived between the first product and the second product, calculating a diversification spread credit based on the determined diversification spread, and adjusting a margin requirement for the portfolio based on the diversification spread credit.Type: ApplicationFiled: July 18, 2014Publication date: November 6, 2014Inventors: Dmitriy Glinberg, Edward Gogol, Dale A. Michaels
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Patent number: 8849711Abstract: A graphic user interface is disclosed that combines a traditional trading, bookkeeping system or clearing system window with a detailed margin and/or collateral asset calculation analysis window on a single screen. The disclosed GUI provides the flexibility to analyze any combination of products or instrument classes such as single stock futures, futures (of all types), options (of all types), forward contracts, security options, securities and cash-based assets. Conventional systems merely block entry of orders beyond a predetermined credit limit or display clearing/bookkeeping information on all types of portfolio or accounts.Type: GrantFiled: January 7, 2005Date of Patent: September 30, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Abudarham, Dale A. Michaels
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Patent number: 8825541Abstract: A system and method is disclosed for determining performance bonds for fixed payoff products, i.e. contracts which payoff a fixed amount based on the outcome of an underlying event regardless of the value thereof. The worst outcome of the overall portfolio, which may contain more multiple instruments, is calculated, allowing the portfolio to have both long and short positions on the same underlying event and offsets among instruments within the portfolio. A universe of outcomes is constructed including single events with single outcomes, and the probability thereof, and single events with multiple outcomes, each with a probability thereof. Each outcome has an associated price and probability. Low probability events will have low values, resulting in a lower margin requirement. The margin requirement is then the amount of the maximum loss that the portfolio can sustain for any possible outcome of the underlying event, adjusted for the probability thereof.Type: GrantFiled: August 15, 2013Date of Patent: September 2, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Publication number: 20140244541Abstract: A method of liquidating defaulted positions associated with centrally cleared financial product is disclosed. The method includes identifying a defaulted position associated with a centrally cleared financial product, calculating a value differential between the defaulted position and a standard position, offering the value differential and the standard position to a party such that the value differential and the standard position represent a converted position, and settling the converted position upon acceptance of the offer by the party.Type: ApplicationFiled: May 8, 2014Publication date: August 28, 2014Applicant: Chicago Mercantile Exchange, Inc.Inventors: Muhammad Hadi, Dale Michaels, Amy Stephen, Suneel Iyer, Ketan Patel
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Publication number: 20140172674Abstract: A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders).Type: ApplicationFiled: February 19, 2014Publication date: June 19, 2014Applicant: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Aburdarham, Dale A. Michaels
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Patent number: 8751350Abstract: A method of liquidating defaulted positions associated with centrally cleared financial product is disclosed. The method includes identifying a defaulted position associated with a centrally cleared financial product, calculating a value differential between the defaulted position and a standard position, offering the value differential and the standard position to a party such that the value differential and the standard position represent a converted position, and settling the converted position upon acceptance of the offer by the party.Type: GrantFiled: December 12, 2007Date of Patent: June 10, 2014Assignee: Chicago Mercantile Exchange, Inc.Inventors: Muhammed Hadi, Dale Michaels, Amy Stephen, Suneel Iyer, Ketan Patel
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Patent number: 8694417Abstract: A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders).Type: GrantFiled: May 10, 2013Date of Patent: April 8, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Aburdarham, Dale A. Michaels
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Publication number: 20140032390Abstract: A system and method for using asymmetrical offsets for products in a risk management analysis system are disclosed. Conventional systems assign symmetrical offsets for products, that is, if two products have an 80% correlation they each would be assigned an offset of 80% with respect to each other. However, it is desirable to allow for asymmetrical offsets. In the disclosed system and method, when two products have a correlation of 80%, one may be assigned an offset of 75% and the other may be assigned an offset of 80%. There are many reasons to vary the offset between the products. The varying offset may reflect an asymmetry in the risk in one of the products, such as being traded in an illiquid market or in a less desirable venue. The varying offset may correct for an imbalance in spread credits due to special charges from intra spreading.Type: ApplicationFiled: October 2, 2013Publication date: January 30, 2014Applicant: Chicago Mercantile Exchange inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Patent number: 8631580Abstract: A lift arm assembly includes a first arm casting including a first end, a second arm casting including a first end, and a tubular cross member attached to the first arm casting and the second arm casting. The lift arm assembly also includes a first arm tubular member including a first end attached to the first end of the first arm casting. The lift arm assembly further includes a second arm tubular member including a first end attached to the first end of the second arm casting such that the second arm tubular member is generally parallel to the first arm tubular member. At least one of the tubular cross member, the first arm tubular member, or the second arm tubular member has a continuous periphery, a maximum of one seam, and a substantially constant cross-section along substantially an entire length of the respective member.Type: GrantFiled: June 4, 2010Date of Patent: January 21, 2014Assignee: Caterpillar Inc.Inventors: Kort Christopher Randall, Balasubramanyam Appalla, Dale Michael Koch, Matthew Mark Robinson
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Publication number: 20130332392Abstract: A system and method is disclosed for determining performance bonds for fixed payoff products, i.e. contracts which payoff a fixed amount based on the outcome of an underlying event regardless of the value thereof. The worst outcome of the overall portfolio, which may contain more multiple instruments, is calculated, allowing the portfolio to have both long and short positions on the same underlying event and offsets among instruments within the portfolio. A universe of outcomes is constructed including single events with single outcomes, and the probability thereof, and single events with multiple outcomes, each with a probability thereof. Each outcome has an associated price and probability. Low probability events will have low values, resulting in a lower margin requirement. The margin requirement is then the amount of the maximum loss that the portfolio can sustain for any possible outcome of the underlying event, adjusted for the probability thereof.Type: ApplicationFiled: August 15, 2013Publication date: December 12, 2013Applicant: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Publication number: 20130319359Abstract: A method and system for energy recovery in a hydrogen or natural gas hybrid electric vehicle includes a turbine positioned between a compressed hydrogen or natural gas storage cylinder and an internal combustion engine. The turbine receives the compressed gas from the storage cylinder, reduces the pressure of the compressed gas, and supplies the compressed gas at a reduced pressure to the internal combustion engine. The turbine is connected to a generator and uses energy extracted from the pressure reduction of the compressed gas to drive the generator. The generator is further connected to a battery of the hybrid electric vehicle and acts as a power source for the battery.Type: ApplicationFiled: May 29, 2012Publication date: December 5, 2013Inventor: Dale Michael Evans
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Patent number: 8595126Abstract: A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders).Type: GrantFiled: October 11, 2012Date of Patent: November 26, 2013Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Abudarham, Dale A. Michaels
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Patent number: 8577774Abstract: A system and method for using asymmetrical offsets for products in a risk management analysis system are disclosed. Conventional systems assign symmetrical offsets for products, that is, if two products have an 80% correlation they each would be assigned an offset of 80% with respect to each other. However, it is desirable to allow for asymmetrical offsets. In the disclosed system and method, when two products have a correlation of 80%, one may be assigned an offset of 75% and the other may be assigned an offset of 80%. There are many reasons to vary the offset between the products. The varying offset may reflect an asymmetry in the risk in one of the products, such as being traded in an illiquid market or in a less desirable venue. The varying offset may correct for an imbalance in spread credits due to special charges from intra spreading.Type: GrantFiled: July 30, 2012Date of Patent: November 5, 2013Assignee: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Dale A. Michaels, Edward Gogol
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Publication number: 20130246250Abstract: A system and method for factoring in a trader's trading activity into the margin requirements is disclosed. In the securities arena, day traders are assessed different margins than non-day-traders, however, the specific profile of the trader is analyzed (that is, the same rule applies to all day traders).Type: ApplicationFiled: May 10, 2013Publication date: September 19, 2013Applicant: Chicago Mercantile Exchange Inc.Inventors: Dmitriy Glinberg, Tae S. Yoo, Jodi L. Aburdarham, Dale A. Michaels