Eric Chern

Title: Eric Chern: Innovator in Derivative Investment Products

Introduction

Eric Chern is a notable inventor based in Northbrook, IL (US), recognized for his contributions to the field of derivative investment products. With a total of 2 patents, Chern has developed innovative methods that enhance the trading of financial derivatives.

Latest Patents

Chern's latest patents include a method of creating and trading derivative investment products based on a statistical property reflecting the variance of an underlying asset. This patent discloses systems and methods for creating a limited risk derivative based on a realized variance of an underlying equity. In one implementation, the limited risk derivative product includes a capped value for a statistical property reflecting a variance of the underlying equity, calculated based on a pari-mutuel action. The dynamic value reflects an average volatility of price returns of the underlying equity over a predefined period, while the cap reflects a maximum value of the dynamic value.

Career Highlights

Throughout his career, Eric Chern has worked with prominent companies such as CTC Trading Group, LLC and the Chicago Board Options Exchange. His experience in these organizations has contributed significantly to his expertise in financial derivatives.

Collaborations

Chern has collaborated with notable professionals in the industry, including Daniel Feuser and Paul Kepes. These collaborations have further enriched his work and innovations in the field.

Conclusion

Eric Chern's innovative approaches to derivative investment products demonstrate his significant impact on the financial industry. His patents reflect a deep understanding of market dynamics and statistical properties, paving the way for future advancements in trading methodologies.