Matthew A Tate

US Patent:

7873564, Jan 18, 2011

Filed:

Mar 3, 2009

Appl. No.:

12/396926

Inventors:

Andrew J. Stevens - Bethesda MD, US
Matthew R. Tate - Bethesda MD, US
Mark A. Bulkeley - Great Falls VA, US
Paul S. Gibbs - Arlington VA, US
Stefan Jacob - Berkeley CA, US
Ann Sacra - Vienna VA, US

Assignee:

DC Energy LLC - Vienna VA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids, where the bids may be linear combinations, to create a plurality of awarded bids that may maximize an economic surplus or maximize a volume of awarded bids. Degenerate price solutions may be solved by minimizing variations from historic pricing levels for a contract. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e. g. , passenger contract and/or freight contracts), a financial derivative contract or credit default contract on any of an entity's issued securities.

US Patent:

7885888, Feb 8, 2011

Filed:

Jan 22, 2010

Appl. No.:

12/692207

Inventors:

Andrew J. Stevens - Bethesda MD, US
Matthew R. Tate - Bethesda MD, US
Mark A. Bulkeley - Great Falls VA, US

Assignee:

DC Energy LLC - Vienna VA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e. g. , passenger contract and/or freight contracts).

US Patent:

7991686, Aug 2, 2011

Filed:

Jun 5, 2009

Appl. No.:

12/479432

Inventors:

Andrew J. Stevens - Bethesda MD, US
Matthew R. Tate - Bethesda MD, US
Mark A. Bulkeley - Great Falls VA, US
Paul S. Gibbs - Arlington VA, US
Stefan Jacob - Berkeley CA, US

Assignee:

DC Energy LLC - Vienna VA

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one computer. The at least one computer may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one computer may also be programmed to match a batch of bids, where the matched bids may be modified to reduce the trade risk of a portfolio of the first participant, or to liquidate a defaulted portfolio subject to a Maximum Portfolio Liquidation Cost Constraint. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, a location specific service contract (e. g. , a passenger contract and/or freight contract), a financial derivative contract, or a credit default contract on any of an entity's issued securities.

US Patent:

20090132408, May 21, 2009

Filed:

Nov 20, 2007

Appl. No.:

11/986091

Inventors:

Andrew J. Stevens - Bethesda MD, US
Mark A. Bulkeley - Haymarket VA, US
Matthew R. Tate - Bethesda MD, US

International Classification:

G06Q 30/00
G06F 17/10

US Classification:

705 37

Abstract:

Various embodiments show a system for conducting an auction for a plurality of financially settled contracts: The system may comprise at least one processor. The at least one processor may be programmed to receive a plurality of first participant bids from a first participant and a plurality of second participant bids from a second participant. The at least one processor may also be programmed to match a batch of bids to create a plurality of awarded bids. The contracts may include, for example, an oil contract, a coal contract, a natural gas contract, an electricity contract, a weather contract, a weather-related events contract, a commodities contract, location specific service contracts (e.g., passenger contract and/or freight contracts).