Jon Werts

Title: Jon Werts: Innovator in Electronic Trading Systems

Introduction

Jon Werts is a notable inventor based in Winnetka, IL (US). He has made significant contributions to the field of electronic trading systems, particularly in options trading. His innovative approach has led to the development of a unique patent that enhances the efficiency of market maker participation in trading.

Latest Patents

Jon Werts holds a patent for a "Displayed and dark equity options electronic order book with market maker participation." This patent describes an advanced system and method for executing options trades. The system integrates lead market maker entitlements with sophisticated order types, including dark order types. This ensures that the lead market maker is guaranteed an allocation of the trade if they are at the National Best Bid and Offer (NBBO) when an order priced at or better than the NBBO is received. The system encourages market makers to quote the best prices possible, thereby narrowing spreads and promoting transparency in the marketplace.

Career Highlights

Jon Werts is currently employed at NYSE Group, Inc., where he continues to innovate in the field of electronic trading. His work focuses on improving the mechanisms of options trading and enhancing market efficiency. With a patent portfolio that includes one significant patent, Werts has established himself as a key player in the industry.

Collaborations

Throughout his career, Jon has collaborated with talented professionals such as Peter Armstrong and Amy Joy Farnstrom. These collaborations have contributed to the development of innovative trading solutions and have fostered a dynamic work environment.

Conclusion

Jon Werts is a distinguished inventor whose work in electronic trading systems has made a lasting impact on the industry. His patent reflects a commitment to improving market efficiency and transparency. Through his career at NYSE Group, Inc., he continues to drive innovation in the field of options trading.