Robert L. Sher is a notable inventor based in New York, NY, with a significant contribution to the field of financial technology. He holds a total of five patents that focus primarily on post-trade aggregation systems which enhance the efficiency and accuracy of financial instrument trading. His work exemplifies the innovative spirit necessary for advancements in complex financial systems.

Latest Patents

Among Robert L. Sher's latest patents is the "Apparatus and method for trade aggregation of trade allocations and settlements." This invention provides a comprehensive post-trade aggregation system for financial instrument trading systems. It allows traders to manage multiple trade orders executed by various brokers on behalf of customers through a sophisticated data interface system. The patent describes a unique process where trade orders are merged into a single block order, which is then apportioned into smaller electronic trade orders for transmission to multiple destinations. The system improves the efficiency of trade executions by compressing individual executions into a net step-out for wrap orders and an average-priced block for institutional orders.

Another significant patent under Robert's name involves a similar framework, detailing an allocation middleware interface. This invention interacts with a data interface to allocate and settle trades efficiently. The order management system processes trade orders on behalf of customers, breaking them down into smaller orders for direct transmission. This reduces the complexity of settling trades and ensures accurate allocations into custodian accounts, demonstrating his commitment to enhancing operational efficiency in financial trading.

Career Highlights

Robert L. Sher has had a fruitful career, working with leading firms in the financial technology sector. He has made significant strides at ITG Software Solutions, Inc. and Virtu ITG Software Solutions LLC, where he further honed his expertise in developing innovative trading systems. His contributions have not only changed the landscape of trade aggregation but have also solidified his position as a prominent inventor in financial technology.

Collaborations

Throughout his inventive journey, Robert has collaborated with respected colleagues such as Ronald D. Lee and Mervin C. Newell. Working alongside these professionals has allowed Robert to leverage diverse insights and expertise to advance his pioneering concepts and technologies in trade aggregation systems.

Conclusion

In conclusion, Robert L. Sher's contributions to financial technology through his innovative patents signify a leap forward in trading system efficiency and accuracy. His inventions are particularly relevant in today's fast-paced financial markets, ensuring that traders can execute trades with enhanced precision. As an inventor, Robert continues to influence the field, paving the way for future advancements in trade allocation and settlement systems.

This text is generated by artificial intelligence and may not be accurate.

Please report any incorrect information to support@idiyas.com