This inventor holds 1 USPTO granted patent. Top assignee: The Nasdaq Omx Group, Inc.. Active years: 2008.
Company Filing History:
Years Active: 2008
Title: Michael Galus: Innovator in Trading Systems
Introduction
Michael Galus is an accomplished inventor based in Southbury, Connecticut. He has made significant contributions to the field of trading systems, particularly with his innovative approach to determining opening prices for financial products.
Latest Patents
Galus holds a patent for an "Opening Price Process for Trading System." This system is designed to determine an opening price for products traded over a distributed, networked computer system. It includes multiple workstations for entering orders and a server computer that processes these orders. The server executes a process that identifies the oldest interest at the most aggressive price on each side of the market, selecting the older interest to designate as initial interest. This initial interest is then matched against all contra side interest, streamlining the trading process.
Career Highlights
Michael Galus is currently employed at The Nasdaq OMX Group, Inc., where he continues to apply his expertise in trading systems. His work has been instrumental in enhancing the efficiency and effectiveness of financial trading processes.
Collaborations
Throughout his career, Galus has collaborated with notable colleagues, including Richard Justice and John Hughes. These partnerships have contributed to the development of innovative solutions in the trading industry.
Conclusion
Michael Galus is a key figure in the innovation of trading systems, with a focus on improving the processes that determine opening prices for financial products. His contributions continue to influence the trading landscape significantly.