Company Filing History:
Years Active: 2007-2013
Title: Frank Stone - Innovator in Electronic Trading
Introduction
Frank Stone is a notable inventor based in Chicago, IL (US), recognized for his contributions to the field of electronic trading. He holds a total of 5 patents, showcasing his innovative approach to technology in financial markets.
Latest Patents
One of Frank's latest patents is titled "Network and method for trading derivatives." This invention outlines a computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station acts as a facilitator for market makers and subscribers to execute trades at an Exchange. In another embodiment, the network managing station consummates trades between market makers and subscribers by matching binding quotes and orders, clearing the trades at an Exchange. The computer network comprises several components, including a network managing station, market maker stations, subscriber stations, and Exchanges. This innovative network connects market makers and subscribers, enabling real-time indicative quotes, requests for quotes, and the sending of binding quotes and orders to the Exchange for transaction clearing and confirmation.
Career Highlights
Frank Stone is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in electronic trading systems. His work has significantly impacted the efficiency and effectiveness of trading in derivatives.
Collaborations
Throughout his career, Frank has collaborated with notable colleagues, including Neal Brady and Noah Carey. These partnerships have contributed to the development of advanced trading technologies.
Conclusion
Frank Stone's innovative work in electronic trading has made a lasting impact on the financial industry. His patents and contributions continue to shape the future of trading technologies.