Patents by Inventor Fateen Sharaby
Fateen Sharaby 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: 10748212Abstract: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.Type: GrantFiled: October 15, 2018Date of Patent: August 18, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Publication number: 20200234374Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.Type: ApplicationFiled: April 7, 2020Publication date: July 23, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Steve Dayon, Jack Callahan
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Publication number: 20200211107Abstract: A computer implemented method for optimizing a delivery or settlement process for a plurality of portfolios of a plurality of participants. Data records indicative of obligations between the plurality of participants are identified. A weighted directed graph data structure is generated that comprises vertex data records representing the plurality of participants and edge data records representing the obligations between the participants. All paths of edge data records where a vertex data record is reachable from itself in the weighted directed graph data structure are identified. The data records indicative of obligations between the plurality of participants are altered based on the identified paths.Type: ApplicationFiled: December 27, 2018Publication date: July 2, 2020Inventors: Nimisha Srivastava, Gunjan Sharma, Shadi Kamal Nasr, Fateen Sharaby
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Publication number: 20200186609Abstract: Systems, devices and methods for adaptive compression of stored information includes a memory management computing device programmed to monitor a size of a plurality of data structures stored in a data repository. The computing device compares the size of each of a plurality of data structures to a predetermined threshold. When a size of an uncompressed data structure meets the threshold, the memory management computing device calculates a value of a first compression parameter based on a value of a first parameter and a value of a second parameter of each data element of the uncompressed data structure, calculates a value of a second compression parameter based the value of the first parameter of each data element of the uncompressed data structure, generates a compressed data structure based on the value of the first compression parameter and the second compression parameter; and replaces, in the data repository, the uncompressed data structure with the compressed data structure.Type: ApplicationFiled: February 18, 2020Publication date: June 11, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Fateen Sharaby, Sriram A. Raju Datla, Dhiraj Subhash Bawadhankar, John Charles Redfield, Justin Yeong-Juin Lee
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Patent number: 10650457Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.Type: GrantFiled: August 5, 2019Date of Patent: May 12, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Steve Dayon, Jack Callahan
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Patent number: 10609172Abstract: Systems, devices and methods for adaptive compression of stored information includes a memory management computing device programmed to monitor a size of a plurality of data structures stored in a data repository. The computing device compares the size of each of a plurality of data structures to a predetermined threshold. When a size of an uncompressed data structure meets the threshold, the memory management computing device calculates a value of a first compression parameter based on a value of a first parameter and a value of a second parameter of each data element of the uncompressed data structure, calculates a value of a second compression parameter based the value of the first parameter of each data element of the uncompressed data structure, generates a compressed data structure based on the value of the first compression parameter and the second compression parameter; and replaces, in the data repository, the uncompressed data structure with the compressed data structure.Type: GrantFiled: December 5, 2017Date of Patent: March 31, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Fateen Sharaby, Sriram A. Raju Datla, Dhiraj Subhash Bawadhankar, John Charles Redfield, Justin Yeong-Juin Lee
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Publication number: 20200065904Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.Type: ApplicationFiled: October 29, 2019Publication date: February 27, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
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Patent number: 10572939Abstract: Systems and methods are provided for a clearing framework for clearing a non-deliverable interest rate swap. The clearing framework includes an application programming interface (API) including functions for processing trade messages including information used by a clearing house computing system in clearing non-deliverable interest rate swaps; one or more user interface screens comprising information corresponding to one or more non-deliverable interest rate swaps and one or more user interface screens comprising information of cleared interest rate swaps, one an API for reporting clearing information, wherein the one or more functions comprise a first messaging function to confirm clearing of the one or more non-deliverable interest rate swaps and a second messaging function to request consent to clear the one or more non-deliverable interest rate swaps.Type: GrantFiled: August 29, 2016Date of Patent: February 25, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Panagiotis Xythalis, Jingbin Yin, Molang Dong, Fateen Sharaby, Romil Parekh, Jalpan Shah
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Publication number: 20190370903Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.Type: ApplicationFiled: August 5, 2019Publication date: December 5, 2019Applicant: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Steve Dayon, Jack Callahan
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Patent number: 10475123Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.Type: GrantFiled: July 22, 2014Date of Patent: November 12, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Steve Dayon, Jack Callahan
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Publication number: 20190080410Abstract: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.Type: ApplicationFiled: October 15, 2018Publication date: March 14, 2019Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Patent number: 10140659Abstract: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.Type: GrantFiled: October 7, 2015Date of Patent: November 27, 2018Assignee: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Publication number: 20160140657Abstract: The disclosed embodiments relate to improving the efficiency of an electronic trading system for interest rate swaps (“IRS”) by allowing for IRS contracts to be funded in a base currency while the cash flows, e.g. coupon payments, price alignment interest, variation margin, are denominated in a local currency different from the base currency. Thereby cash flows may be netted and offset minimizing the magnitude of funds needed to be moved and reducing the number of transactions processed by the electronic trading system as well as the consumption of computational resources thereby. Furthermore, the disclosed embodiments facilitate entering into IRS transactions is a currency different from the currency of cash flows while eliminating Herstatt risk due to volatility of foreign exchange rates, which allows for increased off shore participation and thereby increased transaction volume.Type: ApplicationFiled: October 7, 2015Publication date: May 19, 2016Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Publication number: 20150379643Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: June 25, 2015Publication date: December 31, 2015Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20150262305Abstract: Systems and methods for blending a plurality of swaps may include determining a fixed rate for use in blending a plurality of swaps, each of the plurality of swaps having matching economics and a different associated fixed rate. A computing device may determine a first remnant swap for blending fixed rate components of the plurality of swaps using the fixed rate. In some cases, the computing device may determine second remnant swap for blending floating rate components of the plurality of swaps based on the first remnant swap.Type: ApplicationFiled: July 22, 2014Publication date: September 17, 2015Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Steve Dayon, Jack Callahan
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Publication number: 20140316962Abstract: Methods for managing a plurality of orders for a financial instrument includes accepting the plurality of orders for clearing; sending a cleared confirmation message indicating that the plurality of orders has been cleared; receiving notification instructions to group the plurality of cleared orders; terminating the plurality of cleared orders and creating a new order; and sending a cleared confirmation message for the new order. Systems for electronically managing a plurality of orders for a financial instrument and computer-readable media are described.Type: ApplicationFiled: September 20, 2013Publication date: October 23, 2014Applicant: Chicago Mercantile Exchange Inc.Inventors: Dhiraj Bawadhankar, Fateen Sharaby, Sunhil Cutinho
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Publication number: 20140172664Abstract: A computer system may receive exercise instruction data for an option. The exercise instruction data may indicate exercise of an option on which optionor and optionee interests are based. The computer system may access stored option data. The option data may identify multiple optionor interests based on options of the same type as the exercised option. The computer system may select one of the optionor interests. The selecting may be performed in response to the exercise instruction data and without regard to whether the selected optionor interest is based on the exercised option. The computer system may transmit, to a computer system associated with a holder of the selected optionor interest, assignment data indicating assignment of an interest in an optioned contract created as a result of the option exercise.Type: ApplicationFiled: December 19, 2012Publication date: June 19, 2014Applicant: CHICAGO MERCANTILE EXCHANGE, INC.Inventors: Dhiraj Bawadhankar, Courtney Claussen, Brian Sayers, Fateen Sharaby