Tim Elliott

Title: Tim Elliott: Innovator in Financial Technology

Introduction

Tim Elliott is a notable inventor based in Evanston, IL (US). He has made significant contributions to the field of financial technology, particularly in the area of repo transactions. His innovative approach has led to the development of a unique patent that addresses margin requirements for market participants.

Latest Patents

Tim Elliott holds a patent titled "Cross margining of tri-party repo transactions." This patent describes a computer-implemented method for determining a margin requirement for a market participant. The method involves maintaining an exchange account that reflects an exchange position resulting from a trade executed on the exchange. This account is kept separate from a custodian bank account associated with a custodian bank, which reflects a repo position from a transaction facilitated by the custodian bank. The process includes receiving data reflective of the repo position and determining the margin requirement based on this data and the exchange position. Tim has 1 patent to his name.

Career Highlights

Tim Elliott is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in financial transactions and technology. His work focuses on enhancing the efficiency and security of trading processes within the financial markets.

Collaborations

Tim has collaborated with notable colleagues, including James Joseph Boudreault and Jonathan Kronstein. These partnerships have contributed to the advancement of innovative solutions in the financial sector.

Conclusion

Tim Elliott is a distinguished inventor whose work in financial technology has made a significant impact on the industry. His patent on cross margining of tri-party repo transactions exemplifies his commitment to innovation and efficiency in financial markets.