Patents by Inventor Mike Kamradt

Mike Kamradt 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: 20160203460
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: March 24, 2016
    Publication date: July 14, 2016
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20160203459
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: March 24, 2016
    Publication date: July 14, 2016
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20160203461
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: March 24, 2016
    Publication date: July 14, 2016
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20160203555
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: March 24, 2016
    Publication date: July 14, 2016
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Patent number: 9317885
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Grant
    Filed: December 17, 2014
    Date of Patent: April 19, 2016
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Patent number: 9317884
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Grant
    Filed: December 17, 2014
    Date of Patent: April 19, 2016
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Patent number: 9317886
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Grant
    Filed: December 17, 2014
    Date of Patent: April 19, 2016
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Patent number: 9311675
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Grant
    Filed: December 17, 2014
    Date of Patent: April 12, 2016
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20160071214
    Abstract: Systems and methods are provided for processing futures contracts that have physical delivery settlement provisions. At the time of settlement, the quality of potential underlying items that would be delivered are ranked. The rankings may be based on characteristics of the sources of the potential underlying items. Subsets of the potential underlying items that comply with percentile ranges included in the futures contracts may then be identified as deliverable underlying items.
    Type: Application
    Filed: September 10, 2014
    Publication date: March 10, 2016
    Inventors: John Labuszewski, Richard Co, Andrew Newman, Mike Kamradt, Fred Sturm
  • Publication number: 20150106253
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: December 17, 2014
    Publication date: April 16, 2015
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20150106252
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: December 17, 2014
    Publication date: April 16, 2015
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20150106254
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: December 17, 2014
    Publication date: April 16, 2015
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
  • Publication number: 20150106255
    Abstract: A system for moving money between accounts of traders by a central counterparty to facilitate 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 “payer” 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 payer contract. The function of the payer contract may be to guarantee the movement of money from related positions. In one embodiment, payer contracts are dynamically created whenever a payment is needed.
    Type: Application
    Filed: December 17, 2014
    Publication date: April 16, 2015
    Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren