Patents by Inventor William E. Balson

William E. Balson 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).

  • Publication number: 20100223200
    Abstract: A computer implemented method for negotiating contracts between a plurality of participants is provided. An order is received from a first participant of the plurality of participants. Position risk of the first participant is calculated by accessing data regarding the first participant and using the data regarding the first participant in a parametric variable equation modified by control values from a simulation model, to calculate the position risk of the first member. The order is blocked, if the position risk of the first participant is in a first condition for the first participant. The order is made available for forming into a contract, if the position risk of the first participant is in a second condition for the first participant.
    Type: Application
    Filed: March 2, 2010
    Publication date: September 2, 2010
    Applicant: OTC ONLINE PARTNERS
    Inventors: William E. Balson, Gordon C. Rausser, Laura R. Craft, Graydon L. Barz
  • Patent number: 7702563
    Abstract: A computer implemented method for negotiating contracts between a plurality of participants is provided. An order is received from a first participant of the plurality of participants. Position risk of the first participant is calculated by accessing data regarding the first participant and using the data regarding the first participant in a parametric variable equation modified by control values from a simulation model, to calculate the position risk of the first member. The order is blocked, if the position risk of the first participant is in a first condition for the first participant. The order is made available for forming into a contract, if the position risk of the first participant is in a second condition for the first participant.
    Type: Grant
    Filed: June 10, 2002
    Date of Patent: April 20, 2010
    Assignee: OTC Online Partners
    Inventors: William E. Balson, Gordon C. Rausser, Laura R. Craft, Graydon L. Barz
  • Publication number: 20030033240
    Abstract: A computer implemented method for negotiating contracts between a plurality of participants is provided. An order is received from a first participant of the plurality of participants. Position risk of the first participant is calculated by accessing data regarding the first participant and using the data regarding the first participant in a parametric variable equation modified by control values from a simulation model, to calculate the position risk of the first member. The order is blocked, if the position risk of the first participant is in a first condition for the first participant. The order is made available for forming into a contract, if the position risk of the first participant is in a second condition for the first participant.
    Type: Application
    Filed: June 10, 2002
    Publication date: February 13, 2003
    Applicant: Opt4 Derivatives, Inc.
    Inventors: William E. Balson, Gordon C. Rausser, Laura R. Craft, Graydon L. Barz