Scott A Brusso

Title: Scott A Brusso: Innovator in Financial Derivatives

Introduction

Scott A Brusso is a prominent inventor based in Oak Park, IL (US), known for his contributions to the field of financial derivatives. He holds a total of seven patents, showcasing his innovative approach to complex financial systems. His work primarily focuses on techniques and systems for settling over-the-counter financial instruments.

Latest Patents

One of Brusso's latest patents is titled "Settling over-the-counter derivatives using synthetic spot benchmark rates." This invention discloses techniques and systems for settling over-the-counter financial instruments, which includes sampling over a periodic interval. The process involves calculating a volume-weighted average price of the sampled data, to which forward points may be applied to determine an associated spot exchange rate. This synthetic spot FX exchange rate can then be published to subscribers. Additionally, in cases where the number of transactions during the sampling period is below a certain threshold, a midpoint of bids and asks associated with orders for the exchange-traded financial derivative may be utilized to determine an average. Alternatively, a time-weighted average of the bid and ask orders during a periodic interval may be used in computing the volume-weighted average price.

Another significant patent by Brusso is related to a "Foreign currency index." This invention provides systems and methods for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions are determined by calculating a geometric average of the exchange rates of foreign currencies, with corresponding competitive weights reflecting the competition between goods in the markets of third countries.

Career Highlights

Scott A Brusso is currently associated with the Chicago Mercantile Exchange Inc., where he applies his expertise in financial derivatives. His innovative contributions have significantly impacted the way financial instruments are settled and traded.

Collaborations

Brusso has collaborated with notable coworkers, including Sayee Srinivasan and Steven Youngren, further enhancing the innovative environment in which he works.

Conclusion

Scott A Brusso is a key figure in the innovation of financial derivatives, with a strong portfolio of patents that reflect his expertise and creativity in the field. His work continues to influence the financial industry, paving the way for more efficient trading and settlement processes.