Michael Togher

Title: Michael Togher: Innovator in Electronic Brokerage Systems

Introduction

Michael Togher is a notable inventor based in New York, NY (US), recognized for his contributions to electronic brokerage systems. He holds a total of 6 patents, showcasing his innovative approach to financial technology.

Latest Patents

One of his latest patents focuses on credit management for electronic brokerage systems. This anonymous trading system identifies the best bids and offers from counterparties with which each party is currently eligible to deal. It maintains the anonymity of potential counterparties while ensuring the confidentiality of any specific credit limitations imposed by them. Each bid or offer for a particular type of financial instrument is prescreened by the system for compatibility with limited credit information. For instance, a one-bit flag indicates whether a predetermined limit has already been exceeded. An anonymous 'Dealable' price is then calculated for each trader dealing with that particular financial instrument.

Career Highlights

Throughout his career, Michael Togher has worked with several companies, including Ebs Dealing Resources, Inc. and Foreign Exchange Transaction Services, Inc. His experience in these organizations has contributed significantly to his expertise in the field of electronic trading.

Collaborations

Michael has collaborated with notable professionals in the industry, including Michael F. Dunne and Richard Hartheimer. These collaborations have further enriched his work and innovations in electronic brokerage systems.

Conclusion

Michael Togher's contributions to the field of electronic brokerage systems highlight his innovative spirit and dedication to advancing financial technology. His patents reflect a deep understanding of the complexities involved in trading systems, making him a significant figure in this domain.