This inventor holds 1 USPTO granted patent. Top assignee: The Clearing Corporation. Active years: 2008.
Company Filing History:
Years Active: 2008
Title: Larry Scheinberg: Innovator in Electronic Market Systems
Introduction
Larry Scheinberg is a notable inventor based in Boston, MA, who has made significant contributions to the field of electronic markets. With a focus on enhancing trading systems, Scheinberg has developed innovative solutions that streamline the trading process for subscribers and traders alike.
Latest Patents
Scheinberg holds a patent for a "Clearing system for an electronic-based market." This system operates on a model where a trader is designated to enter orders for contracts on behalf of a subscriber. The model utilizes the subscriber's assets, which are placed into an account accessible by the electronic market, to cover risks associated with trades initiated by the trader. The system comprises multiple client stations for entering orders into the electronic market and a server that receives and matches these orders according to specific criteria. The server maintains a trading account for the subscriber and their associated traders, while also incorporating functions for offsetting, clearing, default, and margin protocols to effectively administer the market.
Career Highlights
Larry Scheinberg has made a significant impact in the field of electronic trading through his work at The Clearing Corporation. His innovative approach to market systems has positioned him as a key figure in the development of electronic trading solutions.
Collaborations
Scheinberg collaborates with David Scheinberg, contributing to advancements in electronic market systems and enhancing the overall trading experience for users.
Conclusion
Larry Scheinberg's contributions to electronic market systems through his innovative patent demonstrate his commitment to improving trading processes. His work continues to influence the landscape of electronic trading, showcasing the importance of innovation in this field.