THOMAS ALBERT ASCHER
Pilots at 5 Ave, New York, NY

License number

New York A2658383

Issued Date

Feb 2016

Expiration Date

Feb 2018

Professional information

Chief Strategy Officer At International Securities Exchange

Position:

Managing Director at Longitude LLC, Chief Strategy Officer at International Securities Exchange

Location:

Greater New York City Area

Industry:

Financial Services

Work:

Longitude LLC since Nov 2010 - Managing Director International Securities Exchange since 2005 - Chief Strategy Officer

Education:

Carleton College
BA, History

Recruiting Manager At Hunter Roberts

Location:

Greater New York City Area

Industry:

Construction

Liquidity Engine For Futures Trading Exchange

US Patent:

7752116, Jul 6, 2010

Filed:

Oct 30, 2002

Appl. No.:

10/283558

Inventors:

Thomas Ascher - New York NY, US
David F. Harris - Ridgewood NJ, US

Assignee:

Nasdaq Liffe Markets, LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 37, 705 35

Abstract:

An automated futures trading exchange is provided that rewards market participants that provide liquidity to a central processing system and charges a fee to market participants that remove liquidity from the central processing system. The liquidity maker and the liquidity taker in each transaction is identified, and it is further determined whether the liquidity maker and/or the liquidity taker is a member of a market making class. By assigning a credit or a debit to the accounts of each market participant based upon whether a market participant to a transaction is a liquidity maker or liquidity taker or based upon whether the market participant is a market maker, a multi-factored and dynamic system is provided for promoting and controlling market liquidity. Additionally, different rates of debits and credits may be applied, using volume-tiered rates and the trading status of the trader.

Enhanced Parimutuel Wagering User Interface For Display Of Indicative Odds

US Patent:

2012032, Dec 20, 2012

Filed:

Jun 15, 2011

Appl. No.:

13/161247

Inventors:

Scott Shechtman - New York NY, US
Thomas A. Ascher - New York NY, US

International Classification:

A63F 9/24

US Classification:

463 25

Abstract:

A wagering system and method may include a processor that presents indicative odds in a parimutuel wagering system to the user in a user interface such that the user may place a bet of one of the presented bets using a control in which the indicative odds are presented. The indicative odds may be updated in real-time and presented in real-time to the user.