Location History:
- Matthews, NC (US) (2010 - 2013)
- London, GB (2012 - 2013)
Company Filing History:
Years Active: 2010-2013
Title: The Innovative Contributions of Richard Raymond May
Introduction
Richard Raymond May is a notable inventor based in Matthews, NC (US). He has made significant contributions to the field of electronic trading systems, holding a total of 9 patents. His work focuses on enhancing trading efficiency and managing credit risk in financial transactions.
Latest Patents
One of Richard's latest patents is an "Electronic trading system and method for pricing transactions to account for risk." This invention describes a system where credit risk associated with a transaction is captured as a price adjustment on a trade-by-trade basis. In this model, each dealer receiving a request for quote (RFQ) determines a base price and an additional credit risk adjustment amount. Another significant patent is the "System and method for processing trading orders." This data processing system implements transaction management of auction-based trading, enhancing trading efficiency and fairly distributing market opportunities among users.
Career Highlights
Richard Raymond May is currently employed at Icap Services North America LLC, where he continues to innovate in the field of electronic trading. His work has been instrumental in developing systems that allow traders to apply their own credit risk algorithms while maintaining confidentiality.
Collaborations
Richard has collaborated with notable coworkers such as Robert T Nagle and Daniel Abbatemarco, contributing to the advancement of trading technologies.
Conclusion
Richard Raymond May's innovative contributions to electronic trading systems have significantly impacted the financial industry. His patents reflect a deep understanding of market dynamics and a commitment to improving trading practices.