Glade Jacobsen

Title: Glade Jacobsen: Innovator in Credit Default Swap Systems

Introduction

Glade Jacobsen is a notable inventor based in New York, 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 management and settlement of credit default swap contracts.

Latest Patents

Jacobsen holds a patent titled "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, a second stage is employed to determine a final price for settling the imbalance. This innovative approach enhances the efficiency and effectiveness of credit default swap transactions.

Career Highlights

Glade Jacobsen is associated with the International Swaps and Derivatives Association, Inc. His role in this organization allows him to influence the development of standards and practices in the derivatives market. His expertise in financial systems has positioned him as a key figure in the industry.

Collaborations

Jacobsen has worked alongside notable colleagues such as John R. Williams and Doug Warren. Their collaborative efforts contribute to advancements in financial technologies and practices.

Conclusion

Glade Jacobsen's contributions to the field of credit default swaps through his innovative patent demonstrate his commitment to enhancing financial systems. His work continues to impact the industry positively.