Richard Shen

Title: The Innovations of Richard Shen

Introduction

Richard Shen is an accomplished inventor based in Westford, MA, with a focus on enhancing the efficiency of securities trading. He holds three patents that reflect his innovative approach to solving complex problems in the financial sector. His work has significantly impacted how trading instructions are processed and communicated.

Latest Patents

One of Richard Shen's latest patents is a system and method for processing securities trading instructions and communicating order status via a messaging interface. This system allows traders to use instant messaging (IM) or other non-FIX based communications to input trading instructions directly into a broker's Order Management System (OMS). This innovation eliminates the need for sell-side brokers to manually re-key orders into their OMS, streamlining the trading process. Additionally, it enables buy-side traders to send trading instructions electronically without requiring an expensive FIX-based OMS or connection. This advancement allows smaller investment houses to benefit from electronic delivery of trading instructions directly to brokers' OMS.

Career Highlights

Richard has worked with notable companies such as Pivot Solutions, Inc. and Pivot Inc. His experience in these organizations has contributed to his expertise in developing innovative solutions for the financial industry.

Collaborations

Richard has collaborated with Thomas R. Keen, further enhancing his contributions to the field of securities trading.

Conclusion

Richard Shen's innovative patents and career achievements highlight his significant contributions to the financial technology sector. His work continues to influence how trading instructions are processed, making the trading experience more efficient for all parties involved.