Patents by Inventor Steve Youngren
Steve Youngren 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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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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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: 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: 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: 20170004592Abstract: 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: ApplicationFiled: September 15, 2016Publication date: January 5, 2017Inventors: Richard Co, Timothy McCourt, Thomas Rafferty, John Kerpel, David Boberski, Edward M. Gogol, John Wiley, Steve Youngren, John Labuszewski
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Patent number: 9460468Abstract: 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: GrantFiled: June 17, 2011Date of Patent: October 4, 2016Assignee: Chicago Mercantile Exchange Inc.Inventors: David Boberski, Edward Gogol, John Wiley, Richard Co, Steve Youngren, John Labuszewski
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Publication number: 20160203458Abstract: 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: ApplicationFiled: March 24, 2016Publication date: July 14, 2016Inventors: David Boberski, Edward M. Gogol, John Wiley, Richard Co, Steve Youngren, John Labuszewski
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Publication number: 20160203459Abstract: 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: ApplicationFiled: March 24, 2016Publication date: July 14, 2016Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20160203460Abstract: 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: ApplicationFiled: March 24, 2016Publication date: July 14, 2016Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20160203461Abstract: 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: ApplicationFiled: March 24, 2016Publication date: July 14, 2016Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20160203555Abstract: 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: ApplicationFiled: March 24, 2016Publication date: July 14, 2016Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Patent number: 9317885Abstract: 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: GrantFiled: December 17, 2014Date of Patent: April 19, 2016Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Patent number: 9317884Abstract: 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: GrantFiled: December 17, 2014Date of Patent: April 19, 2016Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Patent number: 9317886Abstract: 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: GrantFiled: December 17, 2014Date of Patent: April 19, 2016Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Patent number: 9311675Abstract: 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: GrantFiled: December 17, 2014Date of Patent: April 12, 2016Assignee: Chicago Mercantile Exchange Inc.Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20150106252Abstract: 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: ApplicationFiled: December 17, 2014Publication date: April 16, 2015Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20150106254Abstract: 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: ApplicationFiled: December 17, 2014Publication date: April 16, 2015Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20150106255Abstract: 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: ApplicationFiled: December 17, 2014Publication date: April 16, 2015Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren
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Publication number: 20150106253Abstract: 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: ApplicationFiled: December 17, 2014Publication date: April 16, 2015Inventors: John Labuszewski, John Nyhoff, David Boberski, Mike Kamradt, Roberta Paffaro, Edward Gogol, John Wiley, Richard Co, Steve Youngren