Company Filing History:
Years Active: 2009-2011
Title: The Innovative Mind of William Riggio: Pioneering Solutions in Collateral Management and Trading
Introduction: William Riggio, a distinguished inventor based in Basking Ridge, NJ, has made significant contributions to the fields of finance and trading through his innovative patents. With a total of three patents to his name, Riggio's work focuses on enhancing the efficiency and effectiveness of trading systems and collateral management.
Latest Patents: Riggio's latest patents demonstrate his commitment to advancing technology in the financial sector. One of his notable patents is the "Method and system for providing rule-based collateral allocation and substitution." This invention provides a systematic way to manage collateral allocation and substitution in general collateral repurchase agreements. The intermediary computer system he designed facilitates the execution of these agreements anonymously, ensuring impartial management of initial collateral allocations according to pre-defined rules.
Another significant patent is the "System and method for processing trading orders to provide 'negotiate in the middle' capability." This invention introduces an electronic trading protocol that enables buyers and sellers to negotiate prices between the best current bid and offer prices. The process includes two phases: a private phase, where the initial order is shown to a specific trader, and a public phase, allowing broader visibility to all traders. This innovative approach enhances the trading experience by providing greater negotiation power.
Career Highlights: William Riggio works at Icap Services North America LLC, where he applies his inventive insights to improve trading and financial operations. His role at the company showcases his dedication to fostering innovation within the finance and trading sectors.
Collaborations: Throughout his career, Riggio has worked alongside talented colleagues, including David R Fitzpatrick and Steven Cooper. Their collaborative efforts highlight the importance of teamwork in driving technological advancements and developing innovative solutions in the industry.
Conclusion: William Riggio's inventive spirit continues to influence the financial sector, with his patents paving the way for more efficient trading practices and collateral management. As the landscape of finance evolves, innovators like Riggio play a crucial role in shaping the future of trading technologies.