Anthony J Carone

Title: The Innovative Contributions of Anthony J Carone

Introduction

Anthony J Carone is a notable inventor based in Chicago, Illinois, recognized for his significant contributions to the field of trading systems. With a total of nine patents to his name, Carone has developed innovative solutions that enhance the efficiency and functionality of trading mechanisms.

Latest Patents

Among his latest patents is a hybrid trading system designed for concurrently trading securities or derivatives through both electronic and open-outcry trading mechanisms. This system allows multiple quotes to be disseminated to the market while limiting market making to entities with a physical presence on the exchange floor. Additionally, it includes methods for automatically eliminating crossed and locked quotes, thereby improving the trading process. Another significant patent is a method and system for providing an automated auction for internalization and complex orders in a hybrid trading system. This method involves receiving orders at an electronic trade engine and utilizing a database of allocation algorithms to efficiently manage the auction process.

Career Highlights

Carone has had a distinguished career, working with prominent organizations such as the Chicago Board Options Exchange and Cboe Exchange, Inc. His experience in these institutions has allowed him to apply his innovative ideas in real-world trading environments, contributing to advancements in the industry.

Collaborations

Throughout his career, Carone has collaborated with various professionals, including Eileen C Smith and Anthony Montesano. These collaborations have fostered a creative environment that has led to the development of groundbreaking trading solutions.

Conclusion

Anthony J Carone's work exemplifies the spirit of innovation in the trading industry. His patents and career achievements reflect a commitment to enhancing trading systems, making him a significant figure in the field.