Location History:
- Brooklyn, NY (US) (2014)
- Oak Park, IL (US) (2006 - 2019)
Company Filing History:
Years Active: 2006-2019
Title: Innovations and Contributions of Scott Johnston in Financial Derivatives
Introduction
Scott Johnston, based in Oak Park, Illinois, is a highly accomplished inventor with a remarkable portfolio of 20 patents. With a focus on enhancing the effectiveness of derivative trading in financial markets, his inventions have led to significant advancements in the field.
Latest Patents
Among his latest innovations are two standout patents. The first, titled "Order Risk Management for Derivative Products," presents systems and methods for processing orders of derivative products at exchanges. This invention allows traders to submit risk data, including various utilization values associated with derivative contracts based on underlying assets. Before a trade is executed, a matching system evaluates the trader's current utilization and forecasts the impact of the new trade, ultimately allowing for a more informed execution of transactions.
The second patent, "Derivatives Trading Methods That Use a Variable Order Price," involves methods and systems for managing varying order prices for derivative products. This innovation updates the price of a derivative order as the underlying product’s value changes. By incorporating variables such as delta and gamma, the exchange can recalibrate prices regularly, thus freeing traders from needing to submit additional information.
Career Highlights
Scott Johnston is currently making significant contributions to the Chicago Mercantile Exchange Inc. Through his role, he integrates his expertise in patentable innovations with operational practices that streamline and enhance the trading process for derivatives.
Collaborations
In his endeavors, Scott collaborates closely with skilled colleagues, including Arjuna Ariathurai and John Falck. Their teamwork fosters a dynamic environment for innovation, enabling them to tackle complex challenges within the financial derivatives landscape.
Conclusion
Scott Johnston's patents reflect his dedication to improving the derivatives trading framework, demonstrating an impressive blend of innovation and practical application. His work not only contributes to the efficiency of trading processes but also sets a foundation for future advancements in the financial markets.