Patents by Inventor Romil Pradip Parekh

Romil Pradip Parekh 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).

  • Listed options position compression system
    Patent number: 12112375
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Grant
    Filed: June 29, 2023
    Date of Patent: October 8, 2024
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • LISTED OPTIONS POSITION COMPRESSION SYSTEM
    Publication number: 20230351505
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Application
    Filed: June 29, 2023
    Publication date: November 2, 2023
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • Listed options position compression system
    Patent number: 11727491
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Grant
    Filed: October 10, 2022
    Date of Patent: August 15, 2023
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • LISTED OPTIONS POSITION COMPRESSION SYSTEM
    Publication number: 20230030726
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Application
    Filed: October 10, 2022
    Publication date: February 2, 2023
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • Listed options position compression system
    Patent number: 11488246
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Grant
    Filed: June 24, 2021
    Date of Patent: November 1, 2022
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • LISTED OPTIONS POSITION COMPRESSION SYSTEM
    Publication number: 20210319511
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Application
    Filed: June 24, 2021
    Publication date: October 14, 2021
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor
  • Listed options position compression system
    Patent number: 11080785
    Abstract: Systems are provided for compressing portfolios of open option positions. Market participants may provide constraints, such as net delta and gamma values within a specific tolerance. A compression engine uses a linear, integer and/or linear-quadratic programming solver to analyze portfolios of multiple market participants and identify multilateral option spread trades that result in portfolios that are compressed subject to the constraints.
    Type: Grant
    Filed: November 14, 2017
    Date of Patent: August 3, 2021
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Richard Co, Dhiraj Subhash Bawadhankar, Florian Huchedé, John Balaam Alexander Kerpel, Andrey Lopatin, Romil Pradip Parekh, Robert William Taylor