Robert J Siverson

Title: The Innovations of Robert J. Siverson

Introduction

Robert J. Siverson is a notable inventor based in Fairfield, CT (US). He has made significant contributions to the field of automated trading systems, particularly in the area of derivative securities. His innovative approach has led to the development of a unique patent that enhances the efficiency of trading options.

Latest Patents

Siverson holds a patent for a "Quote inactivation system and method for an automated exchange for trading derivative securities." This automated system and method facilitate the trading of option instruments on an automated exchange. The system includes a participant system that communicates with the automated exchange system. It allows market professionals, such as market makers, to inactivate quotes in instruments for related products while their quoting engine continues to update the quotes. Additionally, the patent outlines a method for reducing the load on an exchange network when recalculating the best bid and offer price. This innovation maintains control over professional quotes for the purchase and sale of option instruments within an exchange system.

Career Highlights

Siverson is associated with the International Securities Exchange, Inc., where he applies his expertise in automated trading systems. His work has been instrumental in advancing the technology used in trading derivatives, making the process more efficient and reliable.

Collaborations

One of his notable coworkers is Greg J. Maynard, with whom he has likely collaborated on various projects within the realm of automated trading systems.

Conclusion

Robert J. Siverson's contributions to the field of automated trading systems exemplify the impact of innovation in finance. His patent for a quote inactivation system showcases his commitment to enhancing trading efficiency. His work continues to influence the landscape of derivative securities trading.