Company Filing History:
Years Active: 2009-2014
Title: Paul A. Schmid: Innovator in Electronic Trading
Introduction
Paul A. Schmid is a notable inventor based in Chicago, IL, recognized for his contributions to the field of electronic trading. He holds a total of 4 patents, showcasing his innovative approach to improving trading systems and methodologies.
Latest Patents
One of his latest patents is titled "Method and system for providing option spread indicative quotes." This invention outlines a computer network and method for electronically trading combinations of derivatives. The preferred method involves providing quotes information to a central server, determining indicative quotes for combination trades, and offering non-binding, indicative quotes to market participants. Participants can submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market makers may then choose to submit a binding quote for the corresponding derivative combination, allowing market participants to enter a binding order.
Career Highlights
Paul A. Schmid is currently associated with the Chicago Mercantile Exchange Inc., where he applies his expertise in trading systems. His work has significantly impacted the efficiency and effectiveness of electronic trading in derivatives.
Collaborations
Throughout his career, Paul has collaborated with notable colleagues, including Neal Brady and Tom Paronis. These partnerships have contributed to the development of innovative trading solutions.
Conclusion
Paul A. Schmid's work in electronic trading and his patented inventions demonstrate his commitment to advancing the financial technology landscape. His contributions continue to influence the way derivatives are traded in the market.