Daniel B Franks

Title: Innovative Insights: The Contributions of Daniel B. Franks

Introduction: Daniel B. Franks, based in Trumbull, Connecticut, is a notable inventor with a portfolio of three patents. His work primarily centers around automated market systems, particularly focusing on the electronic trading of securities.

Latest Patents: Franks' latest patents have significantly contributed to the evolution of electronic markets. His first patent, titled "Order Processing for Automated Market System," describes a sophisticated electronic marketplace that facilitates the trading of securities. This system incorporates multiple client stations allowing users to enter quotes, while a server process collects and aggregates these quotes. The aggregated data is then displayed for users across various price levels, enhancing the decision-making process for market participants. Additionally, the system includes mechanisms to manage unique market scenarios, including lock or cross market conditions, thereby streamlining order flow and reducing liability risks for market makers.

His second patent, "Directed Order Processing for Automated Market System," mirrors the innovative features of his first patent, with an emphasis on efficient processing and aggregation of market quotes. This highlights Franks' consistent focus on advanced trading solutions that optimize the efficiency of electronic securities markets.

Career Highlights: Franks' career has included significant roles at prominent firms such as the Nasdaq OMX Group, Inc. and the Nasdaq Stock Market, Inc. His experiences in these companies have undoubtedly influenced his inventive work, allowing him to develop patents that are not only practical but also reflective of real-world market needs.

Collaborations: Throughout his career, Franks has collaborated with esteemed colleagues including John Malitzis and Peter J. Martyn. These partnerships have likely fostered a creative exchange of ideas, further enhancing the innovative nature of his projects.

Conclusion: Daniel B. Franks stands out as a pioneer in the realm of electronic trading systems. His patents, focusing on automating market processes, demonstrate his commitment to enhancing the efficiency and functionality of securities trading. As he continues to contribute to this field, Franks exemplifies the role of inventors in shaping the future of technology and finance.