Company Filing History:
Years Active: 2014
Title: Tim Doar - Innovator in Financial Technology
Introduction
Tim Doar is an accomplished inventor based in Oak Park, Illinois. He has made significant contributions to the field of financial technology, particularly in the area of repo transactions. With a focus on enhancing market efficiency, his work has garnered attention in the industry.
Latest Patents
Tim Doar holds a patent for a method titled "Cross margining of tri-party repo transactions." This innovative approach involves a computer-implemented method for determining a margin requirement for market participants. The process includes maintaining an exchange account that reflects an exchange position resulting from trades executed on the exchange. This account is kept separate from a custodian bank account, which reflects a repo position from transactions facilitated by the custodian bank. The method also involves receiving data reflective of the repo position and determining the margin requirement based on this data and the exchange position. Tim's patent represents a significant advancement in the management of financial transactions.
Career Highlights
Tim Doar is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in financial technology. His role involves developing innovative solutions that enhance the efficiency and security of financial transactions. With a patent portfolio that includes one patent, Tim has established himself as a key player in the industry.
Collaborations
Tim has collaborated with notable colleagues, including James Joseph Boudreault and Jonathan Kronstein. These partnerships have contributed to the development of innovative solutions in the financial sector.
Conclusion
Tim Doar is a prominent inventor whose work in financial technology has made a lasting impact on the industry. His innovative patent for cross margining of tri-party repo transactions showcases his commitment to improving market efficiency. Through his role at the Chicago Mercantile Exchange Inc., Tim continues to drive advancements in financial technology.