Michael Colligan

Title: Michael Colligan: Innovator in Electronic Trading Systems

Introduction

Michael Colligan is a notable inventor based in Chicago, IL, recognized for his contributions to electronic trading systems. He has developed innovative solutions that enhance the efficiency of trade matching processes in financial markets. His work has significant implications for the speed and accuracy of electronic trading.

Latest Patents

Michael Colligan holds a patent for "Accelerated trade matching using speculative parallel processing." This electronic trading system is designed to create speculative orders based on real orders. The speculative order differs from the real order by the price, quantity, or type of financial instrument. The match engine selects one or more speculative orders to predict the next real order. Although processing multiple trades simultaneously is impossible, the use of speculative orders allows the match engine to perform necessary calculations and generate associated messages ahead of time. If the prediction is accurate and the next order corresponds to one of the speculative orders, some matching activities have already been completed. This innovation enables the match engine to process trades more efficiently, thereby increasing the total trading volume that the electronic trading system can handle.

Career Highlights

Michael Colligan is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in electronic trading systems. His work at this prestigious institution has allowed him to contribute significantly to advancements in the financial technology sector.

Collaborations

Throughout his career, Michael has collaborated with talented professionals, including Stanislav Liberman and James Raitsev. These partnerships have fostered an environment of innovation and creativity, leading to the development of cutting-edge trading solutions.

Conclusion

Michael Colligan's contributions to electronic trading systems exemplify the impact of innovative thinking in the financial sector. His patent on accelerated trade matching showcases his ability to enhance trading efficiency and volume. His work continues to influence the evolution of electronic trading technologies.