Patents by Inventor Mazen Chadid
Mazen Chadid 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: 9760949Abstract: A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. The system includes evaluation logic, delay logic, pricing logic and timing logic. The evaluation logic monitors conditional orders submitted to a trading engine and is configured to compare a price of an order to a first predefined price range. The delay logic delays matching of the orders submitted to the trading engine when the price of the orders lie outside of the first predefined price range. The pricing logic derives an opening price to be used by the trading engine. The timing logic measures a time interval used to delay a matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center. A method of mitigating the effect of a market spike caused by the triggering and the election of a conditional order includes monitoring conditional orders submitted to the trading engine.Type: GrantFiled: August 22, 2014Date of Patent: September 12, 2017Assignee: Chicago Mercantile Exchange Inc.Inventors: James Farrell, James Krause, Mazen Chadid
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Publication number: 20150046315Abstract: A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. The system includes evaluation logic, delay logic, pricing logic and timing logic. The evaluation logic monitors conditional orders submitted to a trading engine and is configured to compare a price of an order to a first predefined price range. The delay logic delays matching of the orders submitted to the trading engine when the price of the orders lie outside of the first predefined price range. The pricing logic derives an opening price to be used by the trading engine. The timing logic measures a time interval used to delay a matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center. A method of mitigating the effect of a market spike caused by the triggering and the election of a conditional order includes monitoring conditional orders submitted to the trading engine.Type: ApplicationFiled: August 22, 2014Publication date: February 12, 2015Inventors: James Farrell, James Krause, Mazen Chadid
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Patent number: 8924278Abstract: A system and method for mitigating effects of a market spike caused by triggering and election of a conditional order in an automated matching system. The system includes evaluation logic which monitors conditional orders submitted to a trading engine compares a price of an order to a first predefined price range (“first range”) and delay logic which delays matching of the submitted orders when the price thereof lie outside of the first range. Pricing logic derives an opening price for use by the trading engine. Timing logic measures a time interval to delay matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center.Type: GrantFiled: November 14, 2003Date of Patent: December 30, 2014Assignee: Chicago Mercantile Exchange Inc.Inventors: James Farrell, James Krause, Mazen Chadid
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Publication number: 20120072331Abstract: An alert system that notifies an Exchange's staff of a trade appearing to be outside an expected market range of prices includes determination logic which derives, based on data received from an input device, a theoretical no-bust range of prices, i.e. prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. Evaluation logic monitors trades and compares them to the theoretical no-bust range of prices. Alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices, deriving the theoretical no-bust range of prices, comparing transactions prices to the theoretical no-bust range of prices and notifying the Exchange when a potentially erroneous trade can be cancelled.Type: ApplicationFiled: November 10, 2011Publication date: March 22, 2012Inventors: Matthew J. Kelly, Mazen Chadid, Elizabeth D. Freeman, Robert J. Wilcox, Mahesh G. Hira
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Patent number: 8078523Abstract: An alert system that notifies an Exchange's staff of a trade that appears to be outside of an expected market range of prices includes an input device, determination logic, evaluation logic, and alert logic. The determination logic derives a theoretical no-bust range of prices based on data received from the input device. The theoretical no-bust range of prices are prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. The evaluation logic monitors trades and compares those trades to the theoretical no-bust range of prices. The alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices and deriving the theoretical no-bust range of prices.Type: GrantFiled: October 9, 2008Date of Patent: December 13, 2011Assignee: Chicago Mercantile Exchange Inc.Inventors: Mazen Chadid, Elizabeth D. Freeman, Mahesh G. Hira, Robert J. Wilcox, Matthew J. Kelly
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Publication number: 20090076946Abstract: An alert system that notifies an Exchange's staff of a trade that appears to be outside of an expected market range of prices includes an input device, determination logic, evaluation logic, and alert logic. The determination logic derives a theoretical no-bust range of prices based on data received from the input device. The theoretical no-bust range of prices are prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. The evaluation logic monitors trades and compares those trades to the theoretical no-bust range of prices. The alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices and deriving the theoretical no-bust range of prices.Type: ApplicationFiled: October 9, 2008Publication date: March 19, 2009Applicant: Chicago Mercantile Exchange, Inc.Inventors: Matthew J. Kelly, Mazen Chadid, Elizabeth D. Freeman, Robert J. Wilcox, Mahesh G. Hira
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Patent number: 7464055Abstract: An alert system that notifies an Exchange's staff of a trade that appears to be outside of an expected market range of prices includes an input device, determination logic, evaluation logic, and alert logic. The determination logic derives a theoretical no-bust range of prices based on data received from the input device. The theoretical no-bust range of prices are prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. The evaluation logic monitors trades and compares those trades to the theoretical no-bust range of prices. The alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices and deriving the theoretical no-bust range of prices.Type: GrantFiled: March 28, 2003Date of Patent: December 9, 2008Assignee: Chicago Mercantile ExchangeInventors: Matthew J. Kelly, Mazen Chadid, Elizabeth D. Freeman, Robert J. Wilcox, Mahesh G. Hira
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Publication number: 20050108141Abstract: A system mitigates the effects of a market spike caused by the triggering and the election of a conditional order in an automated matching system. The system includes evaluation logic, delay logic, pricing logic and timing logic. The evaluation logic monitors conditional orders submitted to a trading engine and is configured to compare a price of an order to a first predefined price range. The delay logic delays matching of the orders submitted to the trading engine when the price of the orders lie outside of the first predefined price range. The pricing logic derives an opening price to be used by the trading engine. The timing logic measures a time interval used to delay a matching of the orders until the opening price is within a predefined price range up to a maximum delay time set by a control center. A method of mitigating the effect of a market spike caused by the triggering and the election of a conditional order includes monitoring conditional orders submitted to the trading engine.Type: ApplicationFiled: November 14, 2003Publication date: May 19, 2005Inventors: James Farrell, James Krause, Mazen Chadid
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Publication number: 20040193527Abstract: An alert system that notifies an Exchange's staff of a trade that appears to be outside of an expected market range of prices includes an input device, determination logic, evaluation logic, and alert logic. The determination logic derives a theoretical no-bust range of prices based on data received from the input device. The theoretical no-bust range of prices are prices above and below a synthesized market price, within which an erroneous trade cannot be cancelled. The evaluation logic monitors trades and compares those trades to the theoretical no-bust range of prices. The alert logic notifies the Exchange's staff when the evaluation logic identifies a potentially erroneous trade that lies outside the theoretical no-bust range of prices. A method of notifying the Exchange of a trade that potentially lies outside of an expected range of prices includes monitoring an input range of prices and deriving the theoretical no-bust range of prices.Type: ApplicationFiled: March 28, 2003Publication date: September 30, 2004Applicant: Chicago Mercantile Exchange, Inc.Inventors: Matthew J. Kelly, Mazen Chadid, Elizabeth D. Freeman, Robert J. Wilcox, Mahesh G. Hira