PAUL S CALLAWAY, PT
Physical Therapy in Villa Park, IL

2013019, Aug 1, 2013

Aug 1, 2012

13/564234

Ari Studnitzer - Northbrook IL, US
Pearce Peck-Walden - Chicago IL, US
James W. Farrell - Wheaton IL, US
Paul J. Callaway - Chicago IL, US
Barry L. Galster - Chicago IL, US

CHICAGO MERCANTILE EXCHANGE INC. - Chicago IL

G06Q 40/04

705 37

The disclosure describes systems and methods for using enhanced RFQs and incoming enhanced orders to assist in detecting implied orders using an implied spread determination module. In one example, a system includes a processor and memory storing a search list and computer-executable instructions, where the instructions determine whether the financial instrument associated with an eRFQ or new enhanced order is on the search list, and then determine if an implied order exists in combination with that financial instrument and CCP attribute designations. In some embodiments, a timer may be used to track a predetermined amount of time to spend towards determining if implied orders exist for a particular financial instrument at particular clearing houses.

8433945, Apr 30, 2013

Sep 8, 2011

13/227774

Paul J. Callaway - Chicago IL, US
Zuber Shethwala - Hoffman Estates IL, US
Troy Reece - South Elgin IL, US
Paul A. Bauerschmidt - Glenview IL, US
Enrico Ferrari - Farmington Hills MI, US
Barry Galster - Chicago IL, US

Chicago Mercantile Exchange Inc. - Chicago IL

G06F 11/00

714 41

Fault tolerant operation is disclosed for a primary match server of a financial exchange using an active copy-cat instance that mirrors operations in the primary match server, but only after those operations have successfully completed in the primary match server. Fault tolerant logic monitors inputs and outputs of the primary match server and gates those inputs to the backup match server once a given input has been processed. The outputs of the backup match server are then compared with the outputs of the primary match server to ensure correct operation. The disclosed embodiments further relate to fault tolerant failover mechanism allowing the backup match server to take over for the primary match server in a fault situation wherein the primary and backup match servers are loosely coupled. As such, the primary match server need not be specifically designed or programmed to interact with the fault tolerant mechanisms.

7975173, Jul 5, 2011

Nov 3, 2008

12/263821

Paul J. Callaway - Chicago IL, US
Zuber Shethwala - Hoffman Estates IL, US
Troy Reece - South Elgin IL, US
Paul Andrew Bauerschmidt - Chicago IL, US
Enrico Ferrari - Farmington Hills MI, US

G06F 11/00, G06F 11/18

714 11, 714 12, 714 15, 714 16, 714 17, 714 55

Fault tolerant operation is disclosed for a primary instance, such as a process, thread, application, processor, etc. , using an active copy-cat instance, a. k. a. backup instance, that mirrors operations in the primary instance, but only after those operations have successfully completed in the primary instance. Fault tolerant logic monitors inputs and outputs of the primary instance and gates those inputs to the backup instance once a given input has been processed. The outputs of the backup instance are then compared with the outputs of the primary instance to ensure correct operation. The disclosed embodiments further relate to fault tolerant failover mechanism allowing the backup instance to take over for the primary instance in a fault situation wherein the primary and backup instances are loosely coupled, i. e. they need not be aware that they are operating in a fault tolerant environment. As such, the primary instance need not be specifically designed or programmed to interact with the fault tolerant mechanisms.

2009008, Apr 2, 2009

Aug 5, 2008

12/186383

Amy Stephen - Chicago IL, US
Ari Studnitzer - Chicago IL, US
Sunil Cutinho - Park Ridge IL, US
Ed Gogol - Skokie IL, US
Frank Kmiec - Cary IL, US
Paul J. Callaway - Chicago IL, US
Michael Culhane - Evanston IL, US

Chicago Mercantile Exchange Inc. - Chicago IL

G06Q 40/00

705 37

Systems and methods are provided to provide pre-execution risk or credit control for electronic financial derivative product trading. A portfolio risk management analysis method, such as the Standard Portfolio Analysis of Risk method, is used to determine how a new order will impact the overall credit or risk of a trading entity. The pre-execution risk control is performed on an order by order basis prior to order execution and may include an analysis of assets and orders for other financial products at the same or different exchanges. The risk level for a trading entity may be set by that trading entity, its clearing organization or the exchange.

2013020, Aug 8, 2013

Mar 15, 2013

13/834891

Chicago Mercantile Exchange Inc. - Chicago IL, US
James W. Farrell - Weaton IL, US
Paul J. Callaway - Chicago IL, US
Barry L. Galster - Chicago IL, US
Pearce Peck-Walden - Chicago IL, US

CHICAGO MERCANTILE EXCHANGE INC. - Chicago IL

G06Q 40/08

705 37

Systems and methods are described relating to swap execution facilities (SEFs), such as additional new order/spread types for use with SEFs and clearing houses (CHs). Some new order/spread types include covered calls based on clearing house (CH); peg orders based on CH; stop orders with option to get out or specify CH; UDS with or without with designation for specific CH or generic; flex with or without; cancel all within a CH or aggregated or risk based; FX Spot and TomNext™ and related spreads; energy natural hedges; intercommodity spreads; stop button by CH, exchange, or both; and other types of orders that may be modified to incorporate a CCP attribute.

7809631, Oct 5, 2010

Nov 17, 2006

11/600993

Paul Andrew Bauerschmidt - Chicago IL, US
Ari L. Studnitzer - Chicago IL, US
William J. Albert - Arlington Heights IL, US
Lori Flemm, legal representative - Olympia WA, US
Paul J. Callaway - Chicago IL, US
James W. Farrell - Carol Stream IL, US
A. Shanthi Thiruthuvadoss - Chicago IL, US

Chicago Mercantile Exchange Inc. - Chicago IL

G06Q 40/00

705 37, 705 35

The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.

2009006, Mar 5, 2009

Aug 30, 2007

11/847954

Paul J. Callaway - Chicago IL, US
Dennis M. Genetski - Porter IN, US
Adrien Gracia - Chicago IL, US
James Krause - Palatine IL, US
Vijay Menon - Chicago IL, US

Chicago Mercantile Exchange, Inc. - Chicago IL

G06Q 40/00, G06F 17/40

705 36 R

Networks, systems and methods for dynamically filtering market data are disclosed. Streams of market data may be buffered or stored in a queue when inbound rates exceed distribution or publication limitations. Inclusive messages in the queue may be removed, replaced or aggregated, reducing the number of messages to be published when distribution limitations are no longer exceeded.

2013011, May 2, 2013

Oct 26, 2011

13/281782

Paul Callaway - Chicago IL, US
Pearce Peck-Walden - Chicago IL, US
Barry L. Galster - Chicago IL, US

G06Q 40/04

705 37

An electronic trading system utilizes a Match Engine that receives orders, stores them internally, calculates tradable combinations and advertises the availability of real and implied orders in the form of market data. New tradable items defined as combinations of other tradable items may be included in the calculation of tradable combinations. The disclosed embodiments relate to detection of market conditions where identification of implied opportunities may, for example, subvert real orders resulting in undesirable effects. Under circumstances where such undesirable effects are likely to occur, identification of implied opportunities may be delayed thereby allowing market forces to attempt to resolve the aberrant market conditions and avoid the undesirable effects.

8401955, Mar 19, 2013

Aug 18, 2010

12/858853

Paul Andrew Bauerschmidt - Chicago IL, US
Ari L. Studnitzer - Chicago IL, US
Paul J. Callaway - Chicago IL, US
James W. Farrell - Carol Stream IL, US
A. Shanthi Thiruthuvadoss - Chicago IL, US
Lori Flemm - Olympia WA, US

Chicago Mercantile Exchange - Chicago IL

G06Q 40/00

705 37, 705 35

The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.