Doug Warren

Title: Doug Warren: Innovator in Credit Default Swap Systems

Introduction

Doug Warren is a notable inventor based in Brooklyn, NY (US). He has made significant contributions to the field of finance through his innovative patent related to credit default swaps. His work has implications for the financial industry, particularly in the area of risk management.

Latest Patents

Doug Warren holds a patent for "Systems and methods for credit default swap auction." This patent outlines systems and methods for settling credit default swap contracts upon the occurrence of a credit event. In the first stage, an inside market price and imbalance between net sell and buy positions are determined. When there is an imbalance between net sell and buy positions, a second stage is employed to determine a final price for settling the imbalance. This innovation is crucial for enhancing the efficiency and reliability of credit default swap transactions.

Career Highlights

Doug Warren is associated with the International Swaps and Derivatives Association, Inc., where he applies his expertise in financial derivatives. His role in this organization allows him to influence the development of industry standards and practices.

Collaborations

Doug has worked alongside notable colleagues such as John R. Williams and Bryce Markus. Their collaboration has likely contributed to the advancement of innovative solutions in the financial sector.

Conclusion

Doug Warren's contributions to the field of credit default swaps exemplify the importance of innovation in finance. His patent not only addresses current challenges but also sets the stage for future advancements in the industry.