Company Filing History:
Years Active: 2021-2025
Title: Agha Irtaza Mirza: Innovator in Electronic Transaction Processing
Introduction
Agha Irtaza Mirza is a notable inventor based in New York, NY (US). He has made significant contributions to the field of electronic transaction processing, holding a total of 3 patents. His work focuses on optimizing data processing resources in financial systems, which is crucial for enhancing efficiency in trading environments.
Latest Patents
One of Agha Irtaza Mirza's latest patents is titled "Minimization of the consumption of data processing resources in an electronic transaction processing system via selective premature settlement of products transacted thereby based on a series of related products." This invention relates to an exchange computing system that selectively expires financial instruments to conserve resources during trading. The system recognizes the need to track traders' positions and provide pricing data while minimizing resource consumption.
Another significant patent is "Automated and reliable determination of a forward value associated with a future time period based on objectively determined expectations related thereto." This invention computes a forward interest rate for future periods using data from trading futures contracts. It aims to create a stable, replicable, and risk-free short-term forward reference rate, addressing issues associated with traditional benchmarks like LIBOR.
Career Highlights
Agha Irtaza Mirza is currently employed at the Chicago Mercantile Exchange Inc., where he applies his innovative ideas to improve electronic trading systems. His expertise in financial technology has positioned him as a key player in the industry.
Collaborations
Some of his notable coworkers include Edmund Carey and Frederick Sturm. Their collaboration has likely contributed to the development of advanced solutions in electronic transaction processing.
Conclusion
Agha Irtaza Mirza's contributions to electronic transaction processing demonstrate his commitment to innovation in the financial sector. His patents reflect a deep understanding of the complexities involved in trading systems and a desire to enhance their efficiency.