Company Filing History:
Years Active: 2009
Title: David Vinh Lu: Innovator in Price Validation Systems
Introduction
David Vinh Lu is an accomplished inventor based in Santa Clara, CA. He has made significant contributions to the field of financial technology, particularly in the area of price validation for market makers in over-the-counter markets. His innovative approach addresses critical challenges faced by traders and market participants.
Latest Patents
David holds a patent for a "System and method for providing price validation for market makers in over the counter markets." This patent describes a system that compares new or existing prices provided by market makers with a base rate. If the unilateral difference is within a configurable tolerance, the price is added to validated rates. Conversely, if the difference exceeds the tolerance, the price is ignored or removed. This system effectively protects against trading on invalid off-market rates or stale rates caused by system latency or other temporary anomalies. David has 1 patent to his name.
Career Highlights
David is currently employed at Currenex, Inc., where he continues to develop innovative solutions for the financial markets. His work focuses on enhancing the accuracy and reliability of pricing mechanisms, which is crucial for market efficiency.
Collaborations
David collaborates with talented professionals in his field, including Romain Rossier and Patrick William Howard. Their combined expertise contributes to the advancement of technology in financial markets.
Conclusion
David Vinh Lu is a notable inventor whose work in price validation systems has the potential to transform trading practices in over-the-counter markets. His contributions are vital for ensuring market integrity and efficiency.