Patents by Inventor Derek Sammann

Derek Sammann has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20140188694
    Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.
    Type: Application
    Filed: March 4, 2014
    Publication date: July 3, 2014
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Steve Youngren, Lori Aldinger, Richard Co, Derek Sammann, John Labuszewski
  • Patent number: 8762247
    Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.
    Type: Grant
    Filed: March 18, 2013
    Date of Patent: June 24, 2014
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Steve Youngren, Lori Aldinger, Richard Co, Derek Sammann, John Labuszewski
  • Patent number: 8407126
    Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.
    Type: Grant
    Filed: October 21, 2010
    Date of Patent: March 26, 2013
    Assignee: Chicago Mercantile Exhange, Inc.
    Inventors: Steve Youngren, Lori Aldinger, Richard Co, Derek Sammann, John Labuszewski
  • Publication number: 20120101957
    Abstract: Methods and systems for calculating values for indexes based on breakout currencies are provided. A prospective breakout index may be formed before an entity breaks out of a monetary union. Other aspects relate to calculating an initial index value on a breakout date. An initial exchange rate of the breakout currency may be combined with a breakout value and/or a base value. In one embodiment, the breakout value is the reciprocal of the initial exchange rate. Therefore, in accordance with certain embodiments, the initial index value of the breakout index may be equal to the base value. Further aspects relate to calculating a second index value. A second exchange rate of the breakout currency may be utilized with the fixed base value and the breakout value to calculate the second index value of the breakout index. Further aspects relate to creating a prospective currency unit for a monetary union.
    Type: Application
    Filed: October 21, 2010
    Publication date: April 26, 2012
    Applicant: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: Steve Youngren, Lori Aldinger, Richard Co, Derek Sammann, John Labuszewski