Andrew Foray

Title: The Innovations of Andrew Foray

Introduction

Andrew Foray is a notable inventor based in Wayne, NJ (US), recognized for his contributions to the field of trading systems. With a total of five patents to his name, Foray has made significant strides in enhancing the efficiency and functionality of anonymous trading systems.

Latest Patents

One of Foray's latest patents focuses on "Compound order handling in an anonymous trading system." This invention allows for the processing of joint execution type compound orders within a network of broker nodes. Each broker node is equipped with order matching and market distribution functionalities. Trader agent nodes connect to dealer terminals organized in trading floors and to broker nodes. The system enables joint execution orders to be entered as hit orders, which are matched by the broker or canceled if no match occurs. Notably, the taker's trading agent does not finalize any deals until it confirms that all transactions are executable. This innovative system also facilitates traders in hitting bids and offers in synthetic currency pairs, enhancing trading flexibility.

Career Highlights

Foray's career is marked by his role at Ebs Group Limited, where he has been instrumental in developing advanced trading technologies. His expertise in trading systems has positioned him as a key figure in the industry, contributing to the evolution of trading methodologies.

Collaborations

Throughout his career, Foray has collaborated with notable colleagues, including Edward Richard Howorka and Michael Merold. These partnerships have fostered a collaborative environment that encourages innovation and the sharing of ideas.

Conclusion

Andrew Foray's contributions to the field of trading systems through his patents and collaborative efforts highlight his significant impact on the industry. His work continues to influence the way trading is conducted in anonymous environments, showcasing the importance of innovation in finance.