Company Filing History:
Years Active: 2009-2014
Title: The Innovations of Tom Paronis
Introduction
Tom Paronis is a notable inventor based in New York, NY (US). He has made significant contributions to the field of electronic trading, particularly in the area of derivatives. With a total of 4 patents to his name, Paronis has established himself as a key figure in the financial technology sector.
Latest Patents
One of his latest patents is titled "Method and system for providing option spread indicative quotes." This invention outlines a computer network and method for electronically trading combinations of derivatives. A preferred method of trading includes providing quotes information to a central server, determining indicative quotes for combination trades, and providing non-binding, indicative quotes to market participants. Participants can submit an e-RFQ, which is a request for a binding quote for the combination of derivatives. Market Makers may then choose to submit a binding quote for the corresponding derivative combination, allowing market participants to enter a binding order.
Career Highlights
Tom Paronis is currently employed at the Chicago Mercantile Exchange Inc., where he continues to innovate in the field of electronic trading. His work has had a profound impact on how derivatives are traded in the market.
Collaborations
Throughout his career, Paronis has collaborated with notable colleagues such as Neal Brady and Christopher S Whittington. These collaborations have further enhanced his contributions to the industry.
Conclusion
Tom Paronis is a distinguished inventor whose work in electronic trading has paved the way for advancements in the derivatives market. His innovative patents and collaborations reflect his commitment to improving trading systems and practices.