Mark C Higgins

US Patent:

6829590, Dec 7, 2004

Filed:

Oct 31, 2000

Appl. No.:

09/702956

Inventors:

Sharon Greener - Rumson NJ
Mark Higgins - New York NY
Effie Konstantine Anagnostopoulos - New York NY
Paul Young - New York NY
Dan Rothman - New York NY
John Godfrey - London, GB
Mel Gunewardena - New York NY

Assignee:

Goldman, Sachs Co. - New York NY

International Classification:

G06F 1760

US Classification:

705 38, 705 31

Abstract:

The present invention provides a method and system to implement risk management of foreign exchange of currency related to an online transaction. According to the present invention an exchange price and a tolerance parameter can be determined for a foreign currency as the foreign currency relates to a base currency. A computer system can receive a spot price relating to a market price for exchange of a foreign currency and compare the spot price with the tolerance parameter. The system can modify the exchange price if spot price exceeds the tolerance parameter. In addition, the system can receive information including the base currency amount involved in an online transaction and transmit the base currency amount and the foreign currency amount, wherein the foreign currency amount is derived according to the exchange price. If desired, a first tolerance parameter and a second tolerance parameter can be utilized, wherein a rise in the spot price is compared to the first tolerance parameter and a fall in the spot price is compared to the second tolerance parameter. In addition, the magnitude of the first tolerance parameter does not need to be equal to the magnitude of the second tolerance parameter.

US Patent:

7593884, Sep 22, 2009

Filed:

Apr 10, 2002

Appl. No.:

10/120195

Inventors:

Dan Rothman - New York NY, US
Mark Higgins - New York NY, US

Assignee:

Goldman Sachs & Co. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37, 705 26, 705 80

Abstract:

A computerized method and system buying and selling in a marketplace denominated in multiple currencies. A best bid or best offer can be determined according to pecuniary advantage based upon a selected currency. An amount required to become a best bid or best offer within a set of defined currencies is also included. Some embodiments include a network of computers permitting access to a multi-currency marketplace. Prices in the multi-currency marketplace can be ranked according to a particular currency selected by a market participant.

US Patent:

7979347, Jul 12, 2011

Filed:

Nov 16, 2000

Appl. No.:

09/714315

Inventors:

Sharon Greener - Rumson NJ, US
Mark Higgins - New York NY, US
Effie Konstantine Anagnostopoulos - New York NY, US
Paul Young - New York NY, US
Dan Rothman - New York NY, US
John Godfrey - London, GB
Mel Gunewardena - New York NY, US

Assignee:

Goldman Sachs & Co. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 39

Abstract:

The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.

US Patent:

8036969, Oct 11, 2011

Filed:

Feb 28, 2001

Appl. No.:

09/795428

Inventors:

Mark Higgins - New York City NY, US

Assignee:

Goldman Sachs & Co. - New York NY

International Classification:

G06Q 40/00

US Classification:

705 36R, 37 38

Abstract:

A method and system for hedging a correlation risk associated with a basket option that includes a plurality of securities that includes the step of selecting at least two of the plurality of securities and, in the next step, forming a best-of option for the at least two of the plurality of securities. Finally, the best-of option is combined with the basket option to hedge the correlation risk associated with the basket option.

US Patent:

20050145501, Jul 7, 2005

Filed:

Dec 31, 2003

Appl. No.:

10/748289

Inventors:

William Bendik - Laurel MD, US
Donald Johnson - Laurel MD, US
Stephen Rowland - Laurel MD, US
Mark Higgins - Silver Spring MD, US

Assignee:

PerkinElmer, Inc. - Wellesley MA

International Classification:

C25D005/00
C25D007/00

US Classification:

205137000, 205145000

Abstract:

There is disclosed a plating process that involves the application of a soft metallic coating, composed of substantially pure metal or alloy, to resilient metal seals utilizing a high-volume, high-energy electro-deposition plating process. The process basically includes supporting a predetermined quantity of metallic seals at non-sealing surface locations with the metallic seals disposed in series on a conveyor having a predetermined processing path, and continuously moving the seals in series through an electro-plating stage of the processing path to electro-deposit a metallic coating on the seals using a high current density and a high chemical flow rate. The seals of this process are applicable to any application or industry where a large quantity of high vacuum/high purity seals are required and where traditional electro-deposition processes would not yield a sufficient quantity of finished parts or would not produce them at an acceptable cost.

US Patent:

20090307126, Dec 10, 2009

Filed:

Aug 14, 2009

Appl. No.:

12/541842

Inventors:

Dan Rothman - New York NY, US
Mark Higgins - New York NY, US

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

A computerized method and system buying and selling in a marketplace denominated in multiple currencies. A best bid or best offer can be determined according to pecuniary advantage based upon a selected currency. An amount required to become a best bid or best offer within a set of defined currencies is also included. Some embodiments include a network of computers permitting access to a multi-currency marketplace. Prices in the multi-currency marketplace can be ranked according to a particular currency selected by a market participant.

US Patent:

20120150568, Jun 14, 2012

Filed:

Jun 6, 2011

Appl. No.:

13/153557

Inventors:

Sharon Greener - Rumson NJ, US
Mark Higgins - New York NY, US
Effie Konstantine Anagnostopoulos - New York NY, US
Paul Young - New York NY, US
Dan Rothman - New York NY, US
John Godfrey - London, GB
Mel Gunewardena - New York NY, US

International Classification:

G06Q 40/08
G06Q 30/06
G06Q 40/02

US Classification:

705 4

Abstract:

The present invention contemplates a risk management system for facilitating an e-commerce transaction wherein the participants to the transaction engage in commerce using different currencies. An automated sales risk management system facilitates a transaction by providing a price of a transaction which incorporates aggregated costs related to the transaction into a price made available to the participants. A currency risk management system can receive an amount relating to a deliverable involved in a transaction and determines an aggregated cost of the transaction. Aggregated cost can include a cost of credit, a cost for exchange of currency, a cost of insurance, processing fees, or other associated costs. Insurance can be monitored and a determination can be made regarding whether a participant has adequate insurance to cover a proposed transaction. The present invention also provides for risk associated with online transactions to be categorized and transferred.

US Patent:

20120197817, Aug 2, 2012

Filed:

Sep 12, 2011

Appl. No.:

13/230618

Inventors:

Mark Higgins - New York NY, US

International Classification:

G06Q 40/06

US Classification:

705 36 R

Abstract:

A method and system for hedging a correlation risk associated with a basket option that includes a plurality of securities that includes the step of selecting at least two of the plurality of securities and, in the next step, forming a best-of option for the at least two of the plurality of securities. Finally, the best-of option is combined with the basket option to hedge the correlation risk associated with the basket option.