Patents by Inventor Michael E. Culhane

Michael E. Culhane 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).

  • Out of band credit control
    Patent number: 8694415
    Abstract: Systems and method for mediating risks associated with orders in an electronic trading system are provided. A front end component includes a plurality of trading engines that receive orders from traders. A back-end component includes a match system. The system includes a credit control module, which is located at the back-end (e.g., clearinghouse), front end, a combination thereof, or other location that communicates with the plurality of trading engines. The credit control monitors aggregate risk parameters for the trading engines and requests credits from trading engines.
    Type: Grant
    Filed: December 11, 2012
    Date of Patent: April 8, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul J. Callaway, Michael E. Culhane, Sunil K. Cutinho, Frank Kmiec, Ari Studnitzer
  • Out of band credit control
    Patent number: 8355980
    Abstract: Systems and method for mediating risks associated with orders in an electronic trading system are provided. A front end component includes a plurality of trading engines that receive orders from traders. A back-end component includes a match system. The system includes a credit control module, which may be located at the back-end (e.g., clearinghouse), front end, a combination thereof, or other location that communicates with the plurality of trading engines. The credit control may monitor aggregate risk parameters for the trading engines and requests credits from trading engines.
    Type: Grant
    Filed: June 29, 2011
    Date of Patent: January 15, 2013
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Paul J. Callaway, Michael E. Culhane, Sunil K. Cutinho, Frank Kmiec, Ari Studnitzer