Peter Armstrong

Title: The Innovations of Peter Armstrong

Introduction

Peter Armstrong is an accomplished inventor based in Lafayette, CA. 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 market maker participation in trading.

Latest Patents

Peter Armstrong 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, which helps narrow spreads and promotes transparency in the marketplace.

Career Highlights

Peter Armstrong is currently employed at NYSE Group, Inc., where he continues to innovate in the field of electronic trading. His work has had a profound impact on how options trades are executed, benefiting both market makers and traders alike. With a total of 1 patent, he has established himself as a key figure in the industry.

Collaborations

Peter has collaborated with notable colleagues such as Amy Joy Farnstrom and Jon Werts. Their combined expertise has contributed to the development of advanced trading systems and methodologies.

Conclusion

Peter Armstrong's contributions to electronic trading systems exemplify the spirit of innovation in the financial technology sector. His patent not only enhances market maker participation but also promotes better pricing and transparency in the trading environment.