William Ciabattoni

Title: Innovations of William Ciabattoni

Introduction

William Ciabattoni is an accomplished inventor based in Valley Stream, NY (US). He holds two patents that showcase his expertise in the field of trading data and revenue sharing. His innovative methods have contributed significantly to the financial technology sector.

Latest Patents

Ciabattoni's latest patents focus on a method for calculating and distributing quoting share revenue to exchange members who contribute quote data to market data feeds. The method begins by reading trading data chronologically for a specific day. Utilizing an object-oriented framework, it divides symbols and orders into groups of objects to facilitate the tracking of total price, quantity, and seconds displayed for each symbol. The timestamp of each message is read, and the seconds field is parsed while ignoring fractional seconds. Credits are awarded for each second the quote is displayed at the National Best Bid/Offer (NBBO) by multiplying the price, quantity, and elapsed whole seconds. These quote credits are stored by the system for each member and symbol. Members can earn quote credits on either the bid or the offer or both simultaneously.

Career Highlights

Throughout his career, Ciabattoni has worked with notable companies in the financial sector. He has been associated with the International Securities Exchange, LLC and the International Securities Exchange, Inc. His experience in these organizations has allowed him to refine his skills and contribute to advancements in trading technologies.

Collaborations

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Conclusion

William Ciabattoni's contributions to the field of trading data and revenue sharing highlight his innovative spirit and expertise. His patents reflect a deep understanding of market dynamics and the importance of accurate data sharing among exchange members.