Company Filing History:
Years Active: 2011-2020
Title: The Innovative Mind of Peter Barker: Pioneering Futures in Finance
Introduction
Peter Barker, based in Chicago, IL, is a notable inventor with a total of six patents to his name. His work primarily focuses on the intricacies of financial instruments, particularly those related to futures contracts. His innovative solutions have significantly impacted trading practices and methodologies within the financial sector.
Latest Patents
Among his latest contributions to the field, two patents stand out. The first patent relates to the listing and expiring cash settled on-the-run treasury futures contracts. This invention encompasses determining critical dates such as the listing date, expiration date, and the cash settlement price of a futures contract. By factoring in the U.S. Treasury Auction cycle and the dynamics between industry surveyed swap rates and swap spreads, Barker's work enhances the trading of Treasury Futures linked to recently issued U.S. Treasury Notes.
The second patent focuses on networks, systems, and methods for TBA (To-Be-Announced) futures contracts and central counterparty clearing. This inventive concept addresses the matching of orders for TBA futures and facilitates the settlement and clearing of open positions related to these futures. It introduces efficiencies for Mortgage-Backed Securities (MBS) TBA future contracts, enabling central counterparties to streamline position management.
Career Highlights
Peter Barker is a key figure at the Chicago Mercantile Exchange Inc., where he plays a pivotal role in the development and application of financial innovations. His expertise in the realm of futures contracts has garnered recognition and respect within the industry, making him an invaluable member of the financial community.
Collaborations
Throughout his career, Barker has worked alongside esteemed colleagues such as Larry Grannan and James Joseph Boudreault. The collaborative efforts among these professionals highlight the synergy within the team, contributing to groundbreaking developments within the financial sector.
Conclusion
Peter Barker exemplifies the spirit of innovation in the financial industry. His patents not only illustrate his deep understanding of complex financial mechanisms but also emphasize his commitment to advancing the efficiency of trading practices. As he continues to refine and deliver inventive solutions, his contributions pave the way for future advancements in financial technologies and market operations.