Michael Coleman

Title: Michael Coleman: Innovator in Financial Technology

Introduction

Michael Coleman is a distinguished inventor based in Sydney, Australia. He has made significant contributions to the field of financial technology, holding three patents that showcase his innovative approach to solving complex problems in automated trading systems.

Latest Patents

One of Michael's latest patents is a financial exchange system that features automated recovery and rollback. This distributed processing online automated trading system utilizes structured messages to represent each stage in the negotiation between a market maker and a potential buyer or seller. The system addresses uncertainties that arise from variable transmission times for order messages and potential equipment failures in the network. An electronic log maintained by the quoter's workstation ensures reliable verification of order receipt, thereby resolving commitments made during the critical window of uncertainty.

Another notable patent involves the activation of a dormant sibling computer in a communication network. Each of the two sibling computers at a particular node is permanently associated with a unique dormant address. The selected sibling computer is activated by associating an overriding common active node address, allowing application programs at other nodes to interface seamlessly with the active computer. This innovative approach ensures that the dormant computer is always available to replace the active one without disrupting network operations.

Career Highlights

Michael Coleman is currently employed at Foreign Exchange Transaction Services, Inc., where he continues to develop cutting-edge solutions in the financial sector. His work has significantly impacted the efficiency and reliability of online trading systems.

Collaborations

Michael collaborates with talented professionals in his field, including Richard Hartheimer and Chris Klepka. Their combined expertise fosters an environment of innovation and creativity, driving advancements in financial technology.

Conclusion

Michael Coleman's contributions to financial technology through his patents demonstrate his commitment to innovation and problem-solving. His work continues to influence the landscape of automated trading systems, making him a notable figure in the industry.