Patents by Inventor Panagiotis Xythalis
Panagiotis Xythalis 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: 11966977Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: GrantFiled: March 7, 2023Date of Patent: April 23, 2024Assignee: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai
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Publication number: 20240062297Abstract: 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 17, 2023Publication date: February 22, 2024Applicant: 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: 20240046354Abstract: 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: September 13, 2023Publication date: February 8, 2024Applicant: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Patent number: 11830068Abstract: 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: October 29, 2019Date of Patent: November 28, 2023Assignee: 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: 20230359634Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: ApplicationFiled: July 20, 2023Publication date: November 9, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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Patent number: 11790447Abstract: 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: May 2, 2022Date of Patent: October 17, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Patent number: 11768841Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: GrantFiled: November 16, 2021Date of Patent: September 26, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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Publication number: 20230206336Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: ApplicationFiled: March 7, 2023Publication date: June 29, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai
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Patent number: 11625786Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: GrantFiled: October 18, 2021Date of Patent: April 11, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai
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Publication number: 20220261907Abstract: 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: May 2, 2022Publication date: August 18, 2022Applicant: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Patent number: 11373238Abstract: 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: July 9, 2020Date of Patent: June 28, 2022Assignee: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Publication number: 20220075790Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: ApplicationFiled: November 16, 2021Publication date: March 10, 2022Applicant: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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Publication number: 20220036462Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: ApplicationFiled: October 18, 2021Publication date: February 3, 2022Applicant: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai
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Patent number: 11210305Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: GrantFiled: September 9, 2020Date of Patent: December 28, 2021Assignee: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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Patent number: 11182857Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: GrantFiled: November 11, 2019Date of Patent: November 23, 2021Assignee: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai
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Publication number: 20200409964Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: ApplicationFiled: September 9, 2020Publication date: December 31, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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Publication number: 20200342534Abstract: 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: July 9, 2020Publication date: October 29, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Panagiotis Xythalis, Jay Zhu, Fateen Sharaby, Dhiraj Bawadhankar, Molang Dong
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Patent number: 10803069Abstract: The disclosed embodiments relate to systems and methods for generating an optimal solution for determining a value for one or more base data objects. A plurality of solutions include one or more composite data objects transacted by a transaction system processor. The composite data objects include the one or more base data objects. An optimal solution is generated by using data indicative of a level of activity and a number of sources for each of the plurality of composite data objects.Type: GrantFiled: June 24, 2016Date of Patent: October 13, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Seo Wook Jang, Jeon Ho Cho, Bo Miao, Cham Hong Po, Yaotian Zhang, Panagiotis Xythalis, Matthew Morano
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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: 20200074557Abstract: Computer implemented systems and methods are disclosed that allow for the efficient and rapid determination of guarantee funds for clearing member firms. Disclosed systems and methods account for the exposure of self-referencing risk.Type: ApplicationFiled: November 11, 2019Publication date: March 5, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Evren Baysal, Panagiotis Xythalis, Kailin Ding, Sixiang Li, Lu Lu, Jun Zhai