Patents by Inventor David Salvadori

David Salvadori 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).

  • HEDGING RISKS ASSOCIATED WITH VARIABLE PRICED ORDERS FOR DERIVATIVE FINANCIAL PRODUCTS
    Publication number: 20100121787
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Application
    Filed: January 15, 2010
    Publication date: May 13, 2010
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, JR., James W. Farrell, Agnes Shanti Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • Hedge transactions using variable order prices
    Patent number: 7672899
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Grant
    Filed: December 10, 2007
    Date of Patent: March 2, 2010
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: James W. Farrell, Agnes Shanti Thiruthuvadoss, David Salvadori, Scott Johnson, John Falck, Charlie Troxel, Arjuna Ariathurai
  • DERIVATIVES TRADING METHODS THAT USE A VARIABLE ORDER PRICE
    Publication number: 20090265267
    Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.
    Type: Application
    Filed: July 2, 2009
    Publication date: October 22, 2009
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, JR., James W. Farrell, Shanthi Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • Derivatives trading methods that use a variable order price and a hedge transaction
    Patent number: 7571133
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Grant
    Filed: July 1, 2003
    Date of Patent: August 4, 2009
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: James W. Farrell, Agnes Shanti Thiruthuvadoss, David Salvadori, Scott Johnson, John Falck, Charlie Troxel, Jr., Arjuna Ariathurai
  • Derivatives trading methods that use a variable order price
    Patent number: 7567932
    Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.
    Type: Grant
    Filed: November 3, 2006
    Date of Patent: July 28, 2009
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: David Salvadori, Arjuna Ariathurai, John Falck, James W. Farrell, Scott Johnston, Agnes S. Thiruthuvadoss, Charlie Troxel, Jr.
  • Order risk management system
    Patent number: 7440917
    Abstract: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.
    Type: Grant
    Filed: October 1, 2003
    Date of Patent: October 21, 2008
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: James W. Farrell, David Salvadori, Arjuna Ariathurai, John Falck, Scott Johnston, Agnes Shanthi Thiruthuvadoss, Charlie Troxel, Jr.
  • Hedge transactions using variable order prices
    Publication number: 20080091584
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Application
    Filed: December 10, 2007
    Publication date: April 17, 2008
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnson, John Falck, Charlie Troxel, James Farrell, Agnes Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • Order Risk Management for Derivative Products
    Publication number: 20080086408
    Abstract: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.
    Type: Application
    Filed: December 6, 2007
    Publication date: April 10, 2008
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnson, John Falck, Charlie Troxel, James Farrell, Arjuna Ariathurai, Agnes Thiruthuvadoss, David Salvadori
  • Order Risk Management for Financial Product Processing
    Publication number: 20080082441
    Abstract: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.
    Type: Application
    Filed: December 6, 2007
    Publication date: April 3, 2008
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, James Farrell, Arjuna Ariathurai, Agnes Thiruthuvadoss, David Salvadori
  • DERIVATIVES TRADING METHODS THAT USE A VARIABLE ORDER PRICE AND A HEDGE TRANSACTION
    Publication number: 20080052223
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Application
    Filed: October 31, 2007
    Publication date: February 28, 2008
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnson, John Falck, Charlie Troxel, James Farrell, Agnes Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • SYSTEM AND METHOD FOR A REQUEST FOR CROSS IN A TRADE MATCHING ENGINE
    Publication number: 20060277138
    Abstract: Systems and methods are provided to fulfill customer trading orders in an illiquid two sided market. Request for cross functionality may be implemented in a trading environment using a trading engine for the matching of trades involving financial instruments. Request for cross functionally integrates the benefits of a dual bid-ask continuous trading market model with the price and quantity trade matching systems and methods.
    Type: Application
    Filed: June 2, 2006
    Publication date: December 7, 2006
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Robin Ross, Peter Barker, Neal Brady, John Curran, Jeffrey Kilinski, David Salvadori
  • Derivatives trading methods that use a variable order price
    Publication number: 20040199450
    Abstract: Methods and systems for an exchange to handle variable derivative product order prices are disclosed. The price of a derivative product order (bid or offer) is updated based on changes in the price of a related underlying product. Price determination variable(s), such as delta and gamma, are used to determine the price of the order. The exchange may periodically recalculate the price without requiring the trader to transmit additional information to the exchange.
    Type: Application
    Filed: March 10, 2003
    Publication date: October 7, 2004
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, James W. Farrell, Shanthi Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • Derivatives trading methods that use a variable order price and a hedge transaction
    Publication number: 20040199459
    Abstract: Systems and methods are provided for executing a hedge transaction in connection with the execution of a derivative product order in which the price of the derivative product is defined by one or more variables. The hedge transaction may be executed at an exchange or match engine that is different from the exchange or match engine executing the derivative product order. The execution of derivative product transaction may be contingent on the existence of an appropriate hedge transaction. Alternatively, a best efforts approach may be used to fill the hedge transaction order after executing the derivative product transaction.
    Type: Application
    Filed: July 1, 2003
    Publication date: October 7, 2004
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, James W. Farrell, Agnes Shanti Thiruthuvadoss, Arjuna Ariathurai, David Salvadori
  • Order risk management system
    Publication number: 20040199452
    Abstract: Systems and methods are provided for processing derivative product orders at an exchange. Traders provide derivative product order risk data to the exchange. The order risk data may include maximum delta, gamma and/or vega utilization values for derivative product contracts based on the same underlying product. Before executing a trade, a match system analyzes the trader's current utilization state and the utilization that would result after the trade. The match system may then execute all or a portion of the trade.
    Type: Application
    Filed: October 1, 2003
    Publication date: October 7, 2004
    Applicant: Chicago Mercantile Exchange, Inc.
    Inventors: Scott Johnston, John Falck, Charlie Troxel, James W. Farrell, Arjuna Ariathurai, Agnes Shanthi Thiruthuvadoss, David Salvadori