Location History:
- Carlsbad, CA (US) (2007)
- Chicago, IL (US) (2007 - 2008)
- Evanston, IL (US) (2010 - 2013)
Company Filing History:
Years Active: 2007-2013
Title: Innovations of William R. Erwin
Introduction
William R. Erwin is a notable inventor based in Evanston, IL (US). He has made significant contributions to the field of electronic trading, holding a total of 5 patents. His work has had a profound impact on how derivatives are traded in modern financial markets.
Latest Patents
One of his latest patents is titled "Network and method for trading derivatives." This invention describes a computer network and method for electronically trading derivatives. The system includes networks and methods where a control or network managing station acts as a facilitator for market makers and subscribers to execute trades at an Exchange. In another embodiment, the network managing station consummates trades between market makers and subscribers by matching binding quotes and orders, clearing the trades at an Exchange. The computer network comprises several components, including a network managing station, market maker stations, subscriber stations, and Exchanges. The network managing station connects market makers and subscribers for real-time indicative quotes, issues requests for quotes, and obtains binding quotes, ensuring efficient communication with the Exchange for clearing and confirming transactions.
Career Highlights
William R. Erwin is currently associated with the Chicago Mercantile Exchange Inc., where he continues to innovate in the field of electronic trading. His expertise in developing systems that enhance trading efficiency has made him a valuable asset to the company.
Collaborations
Throughout his career, William has collaborated with notable colleagues such as Neal Brady and Noah Carey. These partnerships have contributed to the advancement of trading technologies and methodologies.
Conclusion
William R. Erwin's contributions to electronic trading through his innovative patents have significantly shaped the financial industry. His work continues to influence how derivatives are traded, showcasing the importance of innovation in finance.