Location History:
- Barlett, IL (US) (2014)
- Chicago, IL (US) (2022)
Company Filing History:
Years Active: 2014-2022
Title: Michael H Colligan: Innovator in Electronic Trading Systems
Introduction
Michael H Colligan is a notable inventor based in Chicago, IL, recognized for his contributions to electronic trading systems. He holds 2 patents that enhance the efficiency of trade matching processes in financial markets. His innovative approach has significantly impacted the way trades are executed and processed.
Latest Patents
One of Colligan's latest patents is titled "Accelerated trade matching using speculative parallel processing." This invention involves an electronic trading system designed to create speculative orders based on real orders. The speculative order varies from the real order in terms of 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 not feasible, the use of speculative orders allows the match engine to perform necessary calculations and generate associated messages in advance. If the prediction is accurate and the next order aligns with 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 manage.
Career Highlights
Michael H Colligan is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in electronic trading systems. His work focuses on developing technologies that streamline trading processes and improve market efficiency.
Collaborations
Colligan has collaborated with notable colleagues, including Stanislav Liberman and James Raitsev, contributing to advancements in the field of electronic trading.
Conclusion
Michael H Colligan's innovative work in electronic trading systems exemplifies the impact of technology on financial markets. His patents and contributions continue to shape the future of trading efficiency.