Company Filing History:
Years Active: 2010-2013
Title: The Innovative Mind of John E. Smollen: Pioneering Market Participant Systems
Introduction: John E. Smollen, an inventive mind based in Chicago, IL, has made significant contributions to the trading industry through his groundbreaking patents. With a total of three patents to his name, he has shaped how market participants interact within trading facilities. His work exemplifies the intersection of technology and finance, enabling more efficient trading practices.
Latest Patents: Among John E. Smollen’s noteworthy contributions is his latest patent, titled "Market Participant Issue Selection System and Method." This innovative system outlines a method for allocating rights for quoting issues on a trading environment, such as an exchange. It comprises a comprehensive framework that provides market participants, including remote market makers, with a ranking of available issues based on predetermined trading parameters. These issues can be requested for allocation, filtered according to their ranking value. The system features an issue selection database and communication module, ensuring efficient access and management of trading rights in an organized manner.
Career Highlights: John E. Smollen’s career is prominently associated with the Chicago Board Options Exchange, Incorporated, where he applies his expertise in market systems. His inventions have not only streamlined trading processes but have also paved the way for further advancements in market technology.
Collaborations: Throughout his career, John has worked closely with esteemed colleagues like Daniel R. Hustad and Larry Pfaffenbach. Their collaborations have fostered an environment of innovation, helping to develop state-of-the-art solutions tailored to the evolving needs of the trading sector.
Conclusion: John E. Smollen stands out as a pioneering inventor whose contributions continue to influence the trading landscape. His patents reflect a deep understanding of market dynamics and a commitment to enhancing trader efficiency. As the industry continues to evolve, the impact of his innovations will undoubtedly resonate for years to come.