Company Filing History:
Years Active: 2000-2001
Title: The Innovative Contributions of Dave M Jacobs
Introduction
Dave M Jacobs is a notable inventor based in Wayne, NJ, who has made significant contributions to the field of financial technology. With a total of two patents to his name, Jacobs has developed innovative methods that enhance the efficiency and security of financial transactions.
Latest Patents
Jacobs' latest patents include a "Method and system for confirmation and settlement for financial transactions matching," which is known as the Crossmar Matching Service (CMS). This invention provides a comprehensive method and system for matching order routing of securities and other instrument types, as well as for matching transaction information during the confirmation and settlement phase. The CMS operates on the post-execution side of the value chain, ensuring that financials and delivery instructions are accurately matched and confirmed.
Another significant patent is the "Method and apparatus for trading securities electronically." This system, known as the Broker to Broker Matching Electronic Trading Confirmation system, facilitates the confirmation and settlement of trade orders placed between brokers globally. It automates the matching of orders and confirmations, generates settlement instructions, and allows clearing agents to monitor orders before execution, thereby minimizing risk and improving settlement rates.
Career Highlights
Dave M Jacobs is currently associated with Crossmar, Inc., where he continues to innovate in the financial technology sector. His work has been instrumental in developing systems that streamline trading processes and enhance transaction security.
Collaborations
Throughout his career, Jacobs has collaborated with notable colleagues, including John G Hawkins and Rick Fitzpatrick. These partnerships have contributed to the successful development and implementation of his innovative systems.
Conclusion
In summary, Dave M Jacobs is a prominent inventor whose work in financial technology has led to the creation of essential systems that improve the efficiency and security of financial transactions. His contributions continue to influence the industry positively.