Location History:
- Evanston, IL (US) (2013 - 2014)
- Northbrook, IL (US) (2014)
Company Filing History:
Years Active: 2013-2014
Title: The Innovations of Daniel Grombacher
Introduction
Daniel Grombacher is an accomplished inventor based in Evanston, IL. He holds a total of 4 patents that showcase his expertise in financial systems and interest rate futures contracts. His work has significantly contributed to the field of finance and trading.
Latest Patents
One of Grombacher's latest patents is focused on a zero coupon conversion factor calculation. This system calculates a conversion factor based on a zero percent futures contract standard, which can be applied to various coupon-bearing debt securities, including Treasuries and corporates. The system also facilitates the listing, trading, and settlement of interest rate futures contracts that adhere to this standard. Another notable patent involves multiple coupon interest rate futures contracts. This system provides various interest rate futures contracts for a set of interest rate securities, such as US Treasury Notes. It allows market participants to select futures contracts that align with their financial risk profiles.
Career Highlights
Grombacher is currently employed at the Chicago Mercantile Exchange Inc., where he continues to innovate in the field of financial trading systems. His contributions have been instrumental in enhancing the efficiency and effectiveness of interest rate futures contracts.
Collaborations
Throughout his career, Grombacher has collaborated with notable colleagues, including Frederick Sturm and James Joseph Boudreault. These partnerships have further enriched his work and expanded the impact of his inventions.
Conclusion
Daniel Grombacher's innovative patents and contributions to the financial sector demonstrate his significant role as an inventor. His work continues to influence the landscape of interest rate futures and trading systems.