Dan Barnard Franks

Title: The Innovative Mind of Dan Barnard Franks

Introduction

Dan Barnard Franks, an accomplished inventor based in Brooklyn, NY, has made significant strides in the field of electronic market trading. With a total of four patents to his name, Franks continues to push the boundaries of innovation, contributing to the evolving landscape of financial technology.

Latest Patents

Two of Franks' latest patents are particularly noteworthy. The first, titled "Opening Cross in Electronic Market," presents a method executed in a computer system for opening an electronic market for the trading of a security. This innovative method involves the reception of eligible orders and quotes for the traded security, as well as the dissemination of an order imbalance indicator, which reflects predicted trading characteristics at the market's opening. Additionally, the method provides a mechanism for determining prices that would maximize share executions while minimizing any imbalance among eligible orders.

The second patent, "Closing in an Electronic Market," details a method for trading securities that encompasses receiving closing orders and disseminating an order imbalance indicator indicative of predicted trading characteristics at the close of trading. This method also involves determining a closing price based on the received orders and executing closing orders at this determined price.

Career Highlights

Dan Barnard Franks currently works at Nasdaq OMX Group, Inc., a prominent organization in the financial services industry. His work within this company highlights his dedication to refining trading methods and enhancing market efficiency through technological advancements.

Collaborations

Throughout his career, Franks has collaborated with notable colleagues, including Frank Hatheway and Daniel F. Moore. These partnerships have proven instrumental in developing innovative solutions within the realm of electronic trading.

Conclusion

Dan Barnard Franks stands out as a prominent figure in the world of financial technology, driving innovation through his inventive patents and collaborative efforts. His contributions to electronic markets not only demonstrate his expertise but also have the potential to shape the future of trading.