Scott D Banke427 Vine St, Oak Brook, IL 60521
Scott Banke Phones & Addresses
427 Vine St, Hinsdale, IL 60521 (630) 325-3001 (630) 452-0001
1 Bruner St, Hinsdale, IL 60521 (630) 325-3000 (630) 986-1117
427 N Vine St, Hinsdale, IL 60521
Work
Position:
Machine Operators, Assemblers, and Inspectors Occupations
Education
Degree:
Associate degree or higher
Mentions for Scott D Banke
Publications & IP owners
Us Patents
Delta Neutral Futures Allocation
US Patent:
2012005, Mar 1, 2012
Filed:
Jul 18, 2011
Appl. No.:
13/185344
Inventors:
Brian M. Wolf - Roselle IL, US
Scott D. Banke - Hinsdale IL, US
Barry Lee Galster - Chicago IL, US
Troy C. Kane - Chicago IL, US
Mina Al-Saadi - Chicago IL, US
Andrew P. Czupek - New Lenox IL, US
Scott D. Banke - Hinsdale IL, US
Barry Lee Galster - Chicago IL, US
Troy C. Kane - Chicago IL, US
Mina Al-Saadi - Chicago IL, US
Andrew P. Czupek - New Lenox IL, US
International Classification:
G06Q 40/00
US Classification:
705 37
Abstract:
In an Exchange which assigns only a whole number/integer representation of a computed number of futures contracts to a covered order for one or more option contracts, a method allocates quantities of an underlying financial product in connection with a plurality of orders, each being for a quantity of a derivative financial product derived from the underlying financial product and each being counter to a previously received order for a quantity of the derivative financial product, the previously received order being further characterized by a specified ratio of the quantity of the derivative financial product thereof to a quantity of the underlying financial product. The method includes receiving first and second orders for quantities of the derivative financial product, computing first and second quantities of the underlying financial product, based on the quantity of the derivative financial product of the first and second orders, respectively, to substantially achieve the specified ratio, rounding the first quantity of the underlying financial product to determine a first whole number quantity of the underlying financial product for the first order, generating a composite quantity of the underlying financial product based on the first and second quantities of the derivative financial product, generating a rounded representation of the composite quantity, and determining a second whole number quantity of the underlying financial product based on the rounded representation of the composite quantity and the first whole number quantity.
Delta Neutral Futures Allocation
US Patent:
2014016, Jun 12, 2014
Filed:
Dec 6, 2013
Appl. No.:
14/099448
Inventors:
- Chicago IL, US
Scott D. Banke - Chicago IL, US
Barry Lee Galster - Chicago IL, US
Troy C. Kane - Chicago IL, US
Mina Al-Saadi - Chicago IL, US
Andrew P. Czupek - Chicago IL, US
Scott D. Banke - Chicago IL, US
Barry Lee Galster - Chicago IL, US
Troy C. Kane - Chicago IL, US
Mina Al-Saadi - Chicago IL, US
Andrew P. Czupek - Chicago IL, US
Assignee:
Chicago Mercantile Exchange Inc. - Chicago IL
International Classification:
G06Q 40/04
US Classification:
705 37
Abstract:
A method allocates quantities of an underlying financial product for a plurality of orders, each being for a quantity of a derivative financial product counter to a previously received order for the derivative financial product and characterized by a ratio of the quantity of the derivative financial product to a quantity of the underlying financial product, and includes receiving first and second orders for quantities of the derivative financial product, computing first and second quantities of the underlying financial product, based on the first and second orders to achieve the ratio, rounding the first quantity to determine a first whole number quantity, generating a composite quantity of the underlying financial product based on the first and second quantities, generating a rounded representation of the composite quantity, and determining a second whole number quantity of the underlying financial product based on the rounded representation and the first whole number quantity.
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