Edward Mok

Title: The Innovative Mind of Edward Mok

Introduction

Edward Mok is an accomplished inventor based in Englewood Cliffs, NJ (US). He has made significant contributions to the field of finance through his innovative patent. His work reflects a deep understanding of complex financial systems and their underlying mechanics.

Latest Patents

Edward Mok holds a patent for a "System for providing a correlation index." This system includes a memory and a processor that are communicatively coupled. The memory stores a correlation index based on a portfolio of index options, a plurality of stock options, and a plurality of deltas computed using constant flat implied volatilities. The processor determines the value of the correlation index by selecting strike prices for each of the index and stock options, computing a constant flat implied volatility for an index and a plurality of stocks on a first date, and calculating the deltas using these volatilities.

Career Highlights

Edward Mok is currently employed at Bank of America Corporation, where he applies his expertise in financial systems. His innovative approach has contributed to the development of advanced financial tools that enhance decision-making processes in the banking sector.

Collaborations

Edward has worked alongside talented colleagues such as Karen L Chang and Peter J Williams. Their collaborative efforts have fostered an environment of innovation and creativity within their team.

Conclusion

Edward Mok's contributions to the field of finance through his patent demonstrate his innovative spirit and technical expertise. His work continues to influence the development of financial systems and tools that benefit the industry.