David J Schmitz

Title: David J Schmitz: Innovator in Automated Execution Systems

Introduction

David J Schmitz is a notable inventor based in Oswego, IL (US). He has made significant contributions to the field of automated trading systems. His innovative approach has led to the development of a unique patent that enhances the efficiency of trade executions.

Latest Patents

David J Schmitz holds a patent for an "Automated execution system having participation." This method and system allow a participant generating order flow to engage in automated execution trades without impacting the execution price for retail customers. The system automatically allocates a specified percentage of the contra-side of each customer trade to the participant who submitted the order flow. This innovation streamlines the trading process and benefits both participants and customers.

Career Highlights

David is currently employed at the Chicago Board Options Exchange, Incorporated, where he applies his expertise in trading systems. His work at this prestigious institution has allowed him to influence the development of trading technologies significantly.

Collaborations

David has collaborated with several professionals in his field, including Eileen C Smith and Anthony Montesano. These partnerships have contributed to the advancement of trading systems and the implementation of innovative solutions.

Conclusion

David J Schmitz is a pioneering inventor whose work in automated execution systems has made a lasting impact on the trading industry. His patent reflects his commitment to improving trading efficiency and customer experience.