TuenTuen Wang

Title: Innovations by TuenTuen Wang

Introduction

TuenTuen Wang is an accomplished inventor based in Chicago, IL. He has made significant contributions to the field of financial instruments, particularly in the area of futures contracts. With a total of 2 patents, Wang's work focuses on enhancing the efficiency and effectiveness of trading methodologies.

Latest Patents

Wang's latest patents include "Systems and methods for using declining balance methodologies to enhance clearing of dividend futures and other instruments." This patent discloses innovative systems and methods for quoting, adjusting, and settling futures contracts. The approach involves successively removing just-realized variables from the quoted futures price, allowing for a clearer focus on remaining unrealized economic variables. This method preserves the underlying economic considerations for trades, offering a significant improvement over traditional quoting methods.

Another notable patent is "Periodic reset total return index futures contracts." This patent describes a periodic reset total return index based on a standard index, such as an equity index. The valuation of this index includes the income flow generated by the index, such as dividends from stocks. The contract's expiration is settled at the sum of the underlying index quotation plus the income flow accrued during the previous period. This innovative approach allows buyers of futures contracts to benefit from both the index performance and the intervening income flow.

Career Highlights

TuenTuen Wang is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in financial instruments. His work has contributed to advancements in trading methodologies and has had a positive impact on the financial industry.

Collaborations

Wang has collaborated with notable colleagues, including Richard Co and Xing Su. Their combined efforts have led to innovative solutions in the field of futures contracts.

Conclusion

TuenTuen Wang's contributions to the field of financial instruments through his patents demonstrate his innovative spirit and commitment to enhancing trading methodologies. His work continues to influence the financial industry positively.