Joseph E Peters, Jr

Title: Joseph E Peters, Jr: Innovator in Market Transaction Processing

Introduction

Joseph E Peters, Jr. is a notable inventor based in New York, NY (US). He has made significant contributions to the field of market transaction processing. His innovative approach has led to the development of a unique patent that addresses the complexities of iceberg order processing.

Latest Patents

Joseph E Peters, Jr. holds a patent titled "Systems and methods for processing of multi-order market transactions based on visible and reserve sizes and generation of order identifiers for the same." This patent discloses techniques for iceberg order processing by an exchange system. The system includes storing a first representation of an iceberg order requested by a user in an order book. It automatically causes a second representation to be stored for the iceberg order in the order book after the displayed quantity associated with the first representation is depleted or below a predetermined threshold following the execution of an associated trade. The second representation of an iceberg order can be referred to as a reclip order, and multiple such reclip orders can be stored by the exchange system until the hidden or reserve quantity is zero or the user submits a cancel request.

Career Highlights

Joseph E Peters, Jr. is currently employed at BGC Partners, Inc., where he applies his expertise in market transactions. His work focuses on enhancing the efficiency and effectiveness of trading systems. His innovative solutions have made a significant impact on the financial technology landscape.

Collaborations

Joseph collaborates with various professionals in his field, including his coworker Nicholas Glass. Their combined efforts contribute to the advancement of market transaction technologies.

Conclusion

Joseph E Peters, Jr. is a distinguished inventor whose work in market transaction processing has led to valuable innovations. His patent reflects a deep understanding of trading systems and their complexities. His contributions continue to shape the future of financial technology.