Richard Justice

Title: Richard Justice: Innovator in Trading Systems

Introduction

Richard Justice is a notable inventor based in Lyme, NH (US). He has made significant contributions to the field of trading systems, holding 2 patents that enhance the efficiency of financial product trading.

Latest Patents

One of Richard's latest patents is the "Opening Price Process for Trading System." This innovative system is designed to determine an opening price for products traded over a distributed, networked computer system. It includes multiple workstations for entering orders for financial products and a server computer that receives these orders. The server computer executes a process to determine the opening price by identifying the oldest interest at the most aggressive price on each side of the market. It selects the older interest to designate as initial interest and matches it against all contra side interest.

Another patent with the same title further refines this process, ensuring that the trading system operates smoothly and efficiently. The system's design allows for a more accurate determination of opening prices, which is crucial for traders and financial institutions.

Career Highlights

Richard Justice is currently employed at The Nasdaq OMX Group, Inc., where he continues to develop innovative trading solutions. His work has had a significant impact on the financial industry, particularly in the realm of automated trading systems.

Collaborations

Richard has collaborated with notable colleagues such as Peter J Martyn and Mark DeNat. These partnerships have fostered a creative environment that encourages the development of cutting-edge trading technologies.

Conclusion

In summary, Richard Justice is a prominent inventor whose work in trading systems has led to significant advancements in the financial sector. His patents reflect a commitment to improving the efficiency and accuracy of trading processes.