George Harrington

Title: The Innovative Contributions of George Harrington

Introduction

George Harrington is a notable inventor based in Atlantic Highlands, NJ (US). She has made significant contributions to the field of derivatives trading through her innovative patents. With a total of two patents to her name, Harrington has demonstrated her expertise and commitment to advancing technology in finance.

Latest Patents

Harrington's latest patents include a method and system for tracking derivatives positions and monitoring credit limits. This derivatives position tracking system features a centralized trading engine with a trade history database. It is capable of communication with multiple counterpart computers via a network, enabling the execution of derivatives transactions. The trading engine and counterpart computers allow for the initiation, unwinding, and assignment of requests. Upon executing a tear-up or assignment, a record of the transaction is stored in the trade history database. Regardless of whether the tear-up or assignment is executed with the original counterpart, the original counterpart receives a notification of the transaction. A new position with the counterpart is then reflected in the position-tracking database. Additionally, a credit monitoring module can be integrated with the derivatives position tracking system to alert counterparts when a transaction exceeds a predefined credit limit.

Career Highlights

Harrington is currently employed at Tradeweb Markets LLC, where she continues to apply her innovative ideas to improve trading systems. Her work has been instrumental in enhancing the efficiency and reliability of derivatives trading.

Conclusion

George Harrington's contributions to the field of derivatives trading through her patents reflect her innovative spirit and dedication to advancing financial technology. Her work at Tradeweb Markets LLC showcases her commitment to improving trading systems and monitoring capabilities.