Fred Stiening

Title: Fred Stiening: Innovator in Securities Market Processing

Introduction

Fred Stiening is a notable inventor based in Derby, CT (US). He has made significant contributions to the field of securities market processing, holding a total of 2 patents. His work focuses on improving transaction efficiency and communication within financial markets.

Latest Patents

Stiening's latest patents include "Order delivery in a securities market" and "Order book process and method." The first patent describes a method of processing delivery messages in a security processing architecture. This method involves receiving an expression of interest to enter into a transaction, matching it with other expressions of interest, and notifying market participants of any matches. It also includes recording deliveries in both a delivery log file and a work in process (WIP) file. The second patent outlines a system for executing transactions that utilizes a main memory of a computer system to store an order book, which matches security interests with received orders.

Career Highlights

Fred Stiening is currently employed at The Nasdaq OMX Group, Inc., where he applies his expertise in securities processing. His innovative approaches have contributed to the efficiency and reliability of transaction execution in the financial sector.

Collaborations

Some of his notable coworkers include Daniel F. Moore and Carolyn A. Nalbandian, who have collaborated with him on various projects within the company.

Conclusion

Fred Stiening's contributions to the securities market through his patents and work at The Nasdaq OMX Group, Inc. highlight his role as an influential inventor in the financial technology sector. His innovations continue to shape the way transactions are processed in the market.