Company Filing History:
Years Active: 2023
Title: Michael Izhaky: Innovator in Financial Position Compression
Introduction
Michael Izhaky is a notable inventor based in Chicago, IL, who has made significant contributions to the field of financial technology. His innovative work focuses on systems and methods that enhance the efficiency of financial transactions and regulatory compliance.
Latest Patents
Izhaky holds a patent for a "System and method for hybrid multilateral-bilateral financial position compression." This invention outlines systems and techniques designed to reduce regulatory capital requirements for market participants with financial positions. The patent details a process where participant positions are received in a database for matching, along with assessed theoretical values, capital requirement reduction benefits, and various constraints. The invention aims to calculate a set of trades that deliver capital requirement reductions while satisfying all specified cost and risk constraints.
Career Highlights
Michael Izhaky is currently employed at Cboe Exchange, Inc., where he applies his expertise in financial systems. His work at Cboe Exchange has positioned him as a key player in the development of innovative financial solutions.
Collaborations
Izhaky collaborates with talented professionals in his field, including Brett Johnson and Robert Hocking. Their combined efforts contribute to the advancement of financial technologies and regulatory compliance solutions.
Conclusion
Michael Izhaky's contributions to financial position compression demonstrate his commitment to innovation in the financial sector. His patent and work at Cboe Exchange, Inc. highlight his role as a forward-thinking inventor in the industry.