Company Filing History:
Years Active: 2013
Title: Innovations of Eric Frait
Introduction
Eric Frait is an accomplished inventor based in Naperville, IL. He has made significant contributions to the field of trading technology. His innovative work focuses on methods and systems that enhance the efficiency of trade fee and rebate computation.
Latest Patents
Eric Frait holds a patent for "Methods and systems for trade fee and rebate computation and order routing." This patent discloses systems and methods for determining a trade fee charged by a trading venue to a market participant, or a rebate credited by a trading venue to a market participant. The method includes a computer accessing and storing one or more order information parameters in memory, as well as accessing and storing one or more market characteristics in memory. Furthermore, the method calculates a trade fee or rebate based on at least one of the order information parameters and at least one of the market characteristics stored in memory. The system includes a memory containing instructions for calculating a trade fee or rebate and a processor in communication with the memory, configured to execute the instructions according to the described method. Eric Frait has 1 patent.
Career Highlights
Eric Frait is currently employed at the Chicago Board Options Exchange, Incorporated. His role at this prestigious organization allows him to apply his innovative ideas in a practical setting. His work contributes to the advancement of trading technologies and enhances the overall efficiency of financial transactions.
Collaborations
Eric collaborates with Eileen C Smith, a fellow professional in the field. Their partnership fosters innovation and drives the development of new technologies in trading systems.
Conclusion
Eric Frait's contributions to the field of trading technology through his patent and work at the Chicago Board Options Exchange highlight his role as a significant inventor. His innovative methods for trade fee and rebate computation demonstrate the impact of his work on the financial industry.