Han Chen

Title: Innovations of Han Chen in Callable Options Pricing

Introduction

Han Chen is an accomplished inventor based in San Francisco, CA. He has made significant contributions to the field of finance through his innovative work in pricing callable options. With a total of 2 patents to his name, Chen's inventions leverage advanced machine learning techniques to enhance financial decision-making.

Latest Patents

Chen's latest patents focus on systems and methods for callable options values determination using deep machine learning. These patents disclose systems, apparatuses, methods, and computer program products designed for pricing callable instruments. The process involves determining a plurality of corresponding pairs of Brownian motion paths and index value paths corresponding to a set of dates. A deep neural network (DNN) of a backward DNN solver is trained until a convergence requirement is satisfied. For each pair of corresponding Brownian motion path and index value path, the backward DNN solver iterates in reverse time order from a final discounted option payoff to an initial value. A statistical measure of spread of a set of initial values is determined, and parameters of the DNN are modified based on these statistical measures. Ultimately, pricing information is generated by the backward DNN solver and presented via an interactive user interface of a user computing device.

Career Highlights

Han Chen is currently employed at Wells Fargo Bank, N.A., where he applies his expertise in financial technologies. His work has positioned him as a key player in the development of innovative financial solutions.

Collaborations

Chen collaborates with notable colleagues, including Richard Liu and Haojie Wang, who contribute to his projects and enhance the collaborative environment at Wells Fargo.

Conclusion

Han Chen's innovative work in callable options pricing exemplifies the intersection of finance and technology. His contributions are paving the way for more efficient financial instruments and decision-making processes.