Patents by Inventor John Labuszewski
John Labuszewski 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).
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Patent number: 11847702Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: GrantFiled: September 14, 2020Date of Patent: December 19, 2023Assignee: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20230222595Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: March 10, 2023Publication date: July 13, 2023Applicant: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Publication number: 20220044322Abstract: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.Type: ApplicationFiled: October 20, 2021Publication date: February 10, 2022Applicant: Chicago Mercantile Exchange Inc.Inventors: David Emerick, John Labuszewski, Will Patrick, Sandra Ro, Roger Rutherford, Steve Youngren
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Patent number: 11164252Abstract: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.Type: GrantFiled: August 15, 2019Date of Patent: November 2, 2021Assignee: Chicago Mercantile Exchange Inc.Inventors: David Emerick, John Labuszewski, Will Patrick, Sandra Ro, Roger Rutherford, Steve Youngren
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Publication number: 20200410597Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: ApplicationFiled: September 14, 2020Publication date: December 31, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Patent number: 10839459Abstract: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed.Type: GrantFiled: January 9, 2019Date of Patent: November 17, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, Richard Co, John Kerpel, Roberta Paffaro
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Patent number: 10839458Abstract: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant.Type: GrantFiled: August 7, 2018Date of Patent: November 17, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Alan Shontz, John Labuszewski, Richard Co, Steve Peters, David Boberski, Roberta Paffaro, Greg Skony
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Patent number: 10810671Abstract: A computer system may access data corresponding to a portfolio that comprises interest rate swaps and may calculate parameters for a compressed swap. The computer system may determine, based at least in part on the parameters for the compressed swap, a performance bond requirement attributable to the interest rate swaps. The computer system may compare the performance bond requirement to account data associated with a holder of the portfolio and may perform one or more additional actions based on the comparing.Type: GrantFiled: June 25, 2015Date of Patent: October 20, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: David Andrew Boberski, John Labuszewski, Michael O'Connell, John Wiley, Dhiraj Bawadhankar, Samantha Azzarello, Fateen Sharaby
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Patent number: 10755366Abstract: One or more methods may be used to disseminate floor quotes from an open outcry financial market, such as via messages posted on a social network. These messages may include additional information for providing “color” to the price quotation. In some cases, a method of disseminating the floor quotes may include receiving, at a computer device, a request from a trader to receive an authenticated user name associated with a financial exchange. The financial exchange may then permit the trader to post one or more messages to a social network using the authenticated user name, where the message includes information about a trade on the financial exchange.Type: GrantFiled: May 29, 2019Date of Patent: August 25, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Labuszewski, John Nyhoff, James Boudreault
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Patent number: 10552929Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate a plurality of payments, i.e. the movement of funds, there between is disclosed which provides a flexible mechanism which supports simpler accounting, new types of derivatives contracts as well new types fees. The disclosed futures contract, referred to as a “payor” contract, comprises a “no-uncertainty” futures contract, i.e. the initial value and settlement value parameters are defined, that leverages the mechanisms of the clearing system to, for example, accommodate related payments. Accordingly, a 1-to-many relationship between contracts and prices is provided whereby each price component may be assigned its own payor contract. The function of the payor contract may be to guarantee the movement of money from related positions. In one embodiment, payor contracts are dynamically created whenever a payment is needed.Type: GrantFiled: September 15, 2016Date of Patent: February 4, 2020Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, Timothy McCourt, Thomas Rafferty, John Kerpel, David Boberski, Edward M. Gogol, John Wiley, Steve Youngren, John Labuszewski
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Publication number: 20200027161Abstract: A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices.Type: ApplicationFiled: September 27, 2019Publication date: January 23, 2020Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Nyhoff, Xing Su, Tuen Tuen Wang, John Labuszewski
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Publication number: 20190370900Abstract: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.Type: ApplicationFiled: August 15, 2019Publication date: December 5, 2019Applicant: Chicago Mercantile Exchange Inc.Inventors: David Emerick, John Labuszewski, Will Patrick, Sandra Ro, Roger Rutherford, Steve Youngren
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Patent number: 10489856Abstract: A method of determining a hybrid index may include obtaining, by a computer device, financial transaction information about two or more financial products over a duration. The computer device may be configured to filter the financial transaction information to produce enhanced financial transaction information. The computer device may then determine a financial index value using the financial transaction information and the enhanced financial transaction information.Type: GrantFiled: December 19, 2013Date of Patent: November 26, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Nyhoff, John Kerpel, John Labuszewski, Fred Sturm
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Patent number: 10475122Abstract: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders and matching orders to counter orders. Matching orders may be based on a priority determined using a market quality index of the order and an associated market participant.Type: GrantFiled: February 1, 2018Date of Patent: November 12, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Alan Shontz, John Labuszewski, Richard Co, Steve Peters, David Boberski, Roberta Paffaro
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Patent number: 10430878Abstract: A method for matching compound orders from a group of market participants includes receiving, via a communication network, compound order data, the compound order data specifying a maximum amount of a financial instrument of a plurality of financial instruments to be bought or sold by each market participant, accessing a memory in which price data is stored, the price data indicating a current price of each financial instrument, implementing, with a processor, a linear solver to maximize fulfillment of the compound orders via order matching for execution at the current prices in accordance with the maximum amounts specified in the compound order data and in accordance with a maximum net risk exposure level for each market participant arising from the fulfillment of the compound orders, and transmitting trade data indicative of the order matching for execution of trades among the market participants at the current prices.Type: GrantFiled: September 14, 2012Date of Patent: October 1, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Nyhoff, Xing Su, Tuen Tuen Wang, John Labuszewski
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Patent number: 10417707Abstract: A computer system associated with spot market trading in a particular subject matter may communicate with a computer system associated with trading in futures contracts or options in futures contracts for the subject matter. The communications may include pricing data for at least one of futures contracts or options in futures contracts for the subject matter, which pricing data may be used for spot market pricing. The communications may also include communications regarding futures hedging of spot trading in the subject matter.Type: GrantFiled: September 13, 2012Date of Patent: September 17, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: David Emerick, John Labuszewski, Will Patrick, Sandra Ro, Roger Rutherford, Steve Youngren
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Publication number: 20190279312Abstract: One or more methods may be used to disseminate floor quotes from an open outcry financial market, such as via messages posted on a social network. These messages may include additional information for providing “color” to the price quotation. In some cases, a method of disseminating the floor quotes may include receiving, at a computer device, a request from a trader to receive an authenticated user name associated with a financial exchange. The financial exchange may then permit the trader to post one or more messages to a social network using the authenticated user name, where the message includes information about a trade on the financial exchange.Type: ApplicationFiled: May 29, 2019Publication date: September 12, 2019Applicant: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Labuszewski, John Nyhoff, James Boudreault
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Patent number: 10354338Abstract: One or more methods may be used to disseminate floor quotes from an open outcry financial market, such as via messages posted on a social network. These messages may include additional information for providing “color” to the price quotation. In some cases, a method of disseminating the floor quotes may include receiving, at a computer device, a request from a trader to receive an authenticated user name associated with a financial exchange. The financial exchange may then permit the trader to post one or more messages to a social network using the authenticated user name, where the message includes information about a trade on the financial exchange.Type: GrantFiled: October 23, 2013Date of Patent: July 16, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: Richard Co, John Labuszewski, John Nyhoff, James Boudreault
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Publication number: 20190147534Abstract: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed.Type: ApplicationFiled: January 9, 2019Publication date: May 16, 2019Inventors: John Labuszewski, Richard Co, John Kerpel, Roberta Paffaro
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Patent number: 10210573Abstract: Methods, devices, and systems for managing electronic messages of an electronic trading system in which orders are extracted from the electronic messages involve executing actions associated with respect to the orders. The actions in the electronic trading system may have times specified within the electronic message for the action to be executed.Type: GrantFiled: September 22, 2014Date of Patent: February 19, 2019Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, Richard Co, John Kerpel, Roberta Paffaro