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Douglas T Chorna

from Delray Beach, FL
Age ~73

Douglas Chorna Phones & Addresses

  • 4794 Valencia Dr, Delray Beach, FL 33445 (561) 495-0351 (561) 495-0352
  • Urbandale, IA
  • 13 Solitude Ln, New Milford, CT 06776 (860) 354-3347
  • 3 Solitude Ln, New Milford, CT 06776 (860) 354-6128
  • 23145 Post Gardens Way, Boca Raton, FL 33433 (561) 362-9087
  • Chicago, IL
  • Palm Beach, FL
  • 4794 Valencia Dr, Delray Beach, FL 33445

Work

Position: Service Occupations

Education

Degree: High school graduate or higher

Emails

Business Records

Name / Title
Company / Classification
Phones & Addresses
Douglas T. Chorna
Managing
American Derivatives Exchange, LLC
4794 Valencia Dr, Delray Beach, FL 33445
Douglas T Chorna
CEO, Chairman
CAYUGA DERIVATIVES, INC
Business Services
4794 Valencia Dr, Delray Beach, FL 33445
Douglas T. Chorna
President
Douglas Chorna, Inc
4794 Valencia Dr, Delray Beach, FL 33445
Douglas T. Chorna
Chairman, President
Fundamental Traders, Inc
23145 Post Gdn Way, Boca Raton, FL 33433
Douglas T. Chorna
Chairman, President, Treasurer, Secretary
Columbia Traders Corporation
23145 Post Gdn Way, Boca Raton, FL 33433

Publications

Us Patents

Systems And Methods For Implementing The Structuring, Pricing, Quotation, And Trading Of Financial Instruments

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US Patent:
7574394, Aug 11, 2009
Filed:
Feb 16, 2006
Appl. No.:
11/354866
Inventors:
Douglas T. Chorna - Delray Beach FL, US
Srikanth Sankaran - Winnetka IL, US
Assignee:
SRI, Inc. - Northfield IL
Cayuga Derivatives, Inc. - Delray Beach FL
International Classification:
G06Q 40/00
US Classification:
705 36, 705 37
Abstract:
An exchange-traded financial instrument having a price that tracks an underlying benchmark, the underlying benchmark being a security or commodity that is itself traded. A contract for the financial instrument between a buyer and seller is not contingent upon the delivery of the underlying benchmark. A net carrying charge (credit or debit), defined as the difference between the investment yield of the underlying benchmark and a cost of financing ownership of the underlying benchmark using the generally accepted industry standard financing rate for that benchmark, is credited or debited, accrued, or built into the price of the derivative for both buyer and seller of the financial instrument, typically nightly. In one embodiment, the underlying benchmark is a U. S. Treasury security, and preferably a specific U. S.

Systems And Methods For Implementing The Structuring, Pricing, Quotation, And Trading Of Financial Instruments

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US Patent:
7711632, May 4, 2010
Filed:
Feb 15, 2006
Appl. No.:
11/353977
Inventors:
Douglas T. Chorna - Delray Beach FL, US
Srikanth Sankaran - Winnetka IL, US
Assignee:
SRI, Inc. - Northfield IL
Cayuga Derivatives, Inc. - Delray Beach FL
International Classification:
G06Q 40/00
US Classification:
705 37, 705 38
Abstract:
An exchange-traded financial instrument having a price that tracks an underlying benchmark, the underlying benchmark being a security or commodity that is itself traded. A contract for the financial instrument between a buyer and seller is not contingent upon the delivery of the underlying benchmark. A net carrying charge (credit or debit), defined as the difference between the investment yield of the underlying benchmark and a cost of financing ownership of the underlying benchmark using the generally accepted industry standard financing rate for that benchmark, is credited or debited, accrued, or built into the price of the derivative for both buyer and seller of the financial instrument, typically nightly. In one embodiment, the underlying benchmark is a U. S. Treasury security, and preferably a specific U. S.

Systems And Methods For Implementing The Structuring, Pricing, Quotation, And Trading Of Spot Synthetics (Spots), Spread Instruments (Sprints), Sprints Based On Spots, Ratio Derivatives (Rads), Rads Based On Spots, And Options Based On These Instruments

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US Patent:
8046286, Oct 25, 2011
Filed:
Aug 10, 2009
Appl. No.:
12/538295
Inventors:
Douglas T. Chorna - Delray Beach FL, US
Srikanth Sankaran - Winnetka IL, US
Assignee:
SRI, Inc., Prisma & Company, Inc. - Northfield IL
Cayuga Derivatives, Inc. - Delray Beach FL
International Classification:
G06Q 40/00
US Classification:
705 36R, 705 37
Abstract:
An exchange-traded financial instrument having a price that tracks an underlying benchmark, the underlying benchmark being a security or commodity that is itself traded. A contract for the financial instrument between a buyer and seller is not contingent upon the delivery of the underlying benchmark. A net carrying charge (credit or debit), defined as the difference between the investment yield of the underlying benchmark and a cost of financing ownership of the underlying benchmark using the generally accepted industry standard financing rate for that benchmark, is credited or debited, accrued, or built into the price of the derivative for both buyer and seller of the financial instrument, typically nightly. In one embodiment, the underlying benchmark is a U. S. Treasury security, and preferably a specific U. S.

Method And System For Interactive Initial Offering Of Multi-Class Financial Instruments

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US Patent:
20080097895, Apr 24, 2008
Filed:
Dec 19, 2007
Appl. No.:
11/960397
Inventors:
Srikanth Sankaran - Winnetka IL, US
Douglas Chorna - Delray Beach FL, US
International Classification:
G06Q 40/00
US Classification:
705037000, 705035000
Abstract:
A method and system for underwriter offering of multi-class instruments including a central processing unit (CPU), a program memory, a structure database and an investor database. The structure database stores a structure representative of a plurality of classes of a multi-class instrument, and the system operates to (i) inform investors of class information related, respectively, to each class of the multiclass instrument, (ii) receive bid information from investors, (iii) modify the structure database in response to the bid information and subsequently inform investors with updated class information; and once it is determined that the underwriter can profitably underwrite the transaction, (iv) notify the underwriter of an amount of collateral to purchase to cover accepted bids.

Method And System For Interactive Initial Offering Of Multi-Class Financial Instruments

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US Patent:
7324967, Jan 29, 2008
Filed:
Feb 9, 2000
Appl. No.:
09/501154
Inventors:
Srikanth Sankaran - Winnetka IL, US
Douglas T. Chorna - Delray Beach FL, US
International Classification:
G06Q 30/00
US Classification:
705 35, 705 36, 705 37, 705 38
Abstract:
A method and system for underwriter offering of multi-class instruments including a central processing unit (CPU), a program memory, a structure database and an investor database. The structure database stores a structure representative of a plurality of classes of a multi-class instrument, and the system operates to (i) inform investors of class information related, respectively, to each class of the multi-class instrument, (ii) receive bid information from investors, (iii) modify the structure database in response to the bid information and subsequently inform investors with updated class information; and once it is determined that the underwriter can profitably underwrite the transaction, (iv) notify the underwriter of an amount of collateral to purchase to cover accepted bids.
Douglas T Chorna from Delray Beach, FL, age ~73 Get Report