Company Filing History:
Years Active: 2020-2025
Title: Innovations of Romil Pradip Parekh
Introduction
Romil Pradip Parekh is a notable inventor based in Northbrook, IL, who has made significant contributions to the field of financial technology. With a total of nine patents to his name, he has developed innovative solutions that enhance the efficiency of financial transactions and data management.
Latest Patents
One of his latest patents is an API framework for clearing non-deliverable interest rate swaps. This invention provides a comprehensive clearing framework that includes an application programming interface (API) designed for processing trade messages. The API facilitates the clearing of non-deliverable interest rate swaps by incorporating functions that confirm clearing and request consent for the swaps. Another significant patent focuses on the compression of fluctuating data. This system aims to reduce the data size of databases within data transaction processing systems, optimizing the storage and processing of financial data records.
Career Highlights
Romil currently works at the Chicago Mercantile Exchange Inc., where he applies his expertise in developing advanced financial systems. His work has been instrumental in improving the efficiency of post-trade processing and data management in the financial sector.
Collaborations
Romil collaborates with talented professionals in his field, including Dhiraj Subhash Bawadhankar and Fateen Sharaby. Their combined efforts contribute to the innovative projects at the Chicago Mercantile Exchange Inc.
Conclusion
Romil Pradip Parekh's contributions to financial technology through his patents demonstrate his commitment to innovation and efficiency in the industry. His work continues to influence the way financial transactions are processed and managed.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.