Company Filing History:
2 out of 688 
1 out of 4 Years Active: 2010-2014
Title: Innovations by Bryan T Durkin
Introduction
Bryan T Durkin is an accomplished inventor based in Orland Park, IL (US). He has made significant contributions to the field of order allocation systems, holding a total of 3 patents. His work focuses on enhancing the efficiency of order matching processes in financial markets.
Latest Patents
Durkin's latest patents include a system and method for matching one or more incoming orders to a standing order based on multi-level allocation. This innovative method involves receiving an incoming order and establishing an inner market that represents a first portion of an order book. The inner market is defined as a function of an inner market parameter, allowing for the designation of priority in order allocation. The method also establishes an outer market that represents the remainder of the order book not covered by the inner market. Incoming orders are assigned to either the inner or outer markets based on the inner market parameter. The allocation process utilizes a first-in, first-out (FIFO) algorithm for the inner market and a pro-rata algorithm for the outer market.
Career Highlights
Throughout his career, Bryan T Durkin has worked with notable organizations such as the Chicago Mercantile Exchange Inc. and the Board of Trade of the City of Chicago, Inc. His experience in these institutions has contributed to his expertise in financial systems and order allocation methodologies.
Collaborations
Durkin has collaborated with professionals like Andrew P Czupek and Thomas G McCabe, further enhancing his innovative approaches in the field.
Conclusion
Bryan T Durkin's contributions to order allocation systems demonstrate his commitment to innovation in financial markets. His patents reflect a deep understanding of market dynamics and the need for efficient order processing.