Fis
Partner
Fis Apr 2014 - Jul 2017
Principal - Managed Services Lead
Ibm 2006 - Apr 2014
Senior Managing Consultant
Nyse Euronext Aug 1986 - Apr 2006
Managing Director
Education:
Gruman Data Systems Institute 1981 - 1982
Skills:
It Strategy Sdlc Trading Systems Management Enterprise Architecture Financial Markets Pmo Vendor Management Consulting Business Analysis Market Data Project Management Business Transformation Management Consulting Project Delivery Outsourcing Strategy It Management Program Management Financial Services Risk Management Integration Leadership Change Management Equities Fixed Income Capital Markets Business Process Improvement Requirements Analysis Software Project Management Business Development Crm Business Intelligence
Languages:
English Spanish
Us Patents
Method And System For Credit Authorization In A Member Exchange
Catherine Kinney - New York NY, US Ann Fitzgibbons - New York NY, US Louis Pizzo - Larchmont NY, US Mario Rogowicz - Baldwin NY, US Warren Rosenbaum - Oceanside NY, US Avner Gelb - Brooklyn NY, US Steven Hughes - Basking Ridge NJ, US
International Classification:
G06F017/60
US Classification:
705/037000, 705/036000
Abstract:
An exchange member establishes a threshold credit value for transactions by a non-member institution. The threshold value is provided to a credit authorization service of the exchange, which acts as a surrogate for the exchange members. Securities transaction or orders from non-member institutions are then transmitted from the non-member institution to the credit authorization service of the exchange. The credit authorization service compares the transaction with a percentage of the pre-established threshold value. If the transaction does not exceed the percentage of the pre-established threshold, the system forwards the transaction to the exchange. If the transaction does exceed the percentage of the pre-established threshold, the system notifies the sponsoring exchange member and possibly the non-member institution. The percentage of the pre-established threshold may be less than or equal to 100 percent of the pre-established value. The exchange member has various opportunities to change the threshold value. The identity of the non-member institution and the identity of the exchange member may be removed or masked on the transaction.