Patents by Inventor Steven Youngren

Steven 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).

  • Publication number: 20150262303
    Abstract: Stored data may define a multilaterally-traded contract type and specify final settlement of contracts conforming to the contract type by delivery of a defined quantity of a commodity. Additional data may be received, which additional data may indicate potential invocation of an alternate cash settlement mode for a plurality of contracts. Each contract of the plurality may be a contract conforming to the contract type. Further data may be received, with the further data indicating the alternate cash settlement mode is invoked for a group of contracts. The group may be all of the contracts of the plurality or a sub-portion of the plurality. Data may be transmitted to indicate cash final settlement of each contract of the group by payment of a cash settlement value instead of by delivery of the defined quantity of the commodity.
    Type: Application
    Filed: May 29, 2015
    Publication date: September 17, 2015
    Inventors: John Nyhoff, Lori Aldinger, John Labuszewski, Steven Youngren
  • Patent number: 9076183
    Abstract: Stored data may define a multilaterally-traded contract type and specify final settlement of contracts conforming to the contract type by delivery of a defined quantity of a commodity. Additional data may be received, which additional data may indicate potential invocation of an alternate cash settlement mode for a plurality of contracts. Each contract of the plurality may be a contract conforming to the contract type. Further data may be received, with the further data indicating the alternate cash settlement mode is invoked for a group of contracts. The group may be all of the contracts of the plurality or a sub-portion of the plurality. Data may be transmitted to indicate cash final settlement of each contract of the group by payment of a cash settlement value instead of by delivery of the defined quantity of the commodity.
    Type: Grant
    Filed: October 31, 2011
    Date of Patent: July 7, 2015
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: John Nyhoff, Lori Aldinger, John Labuszewski, Steven Youngren
  • Patent number: 8606687
    Abstract: A type of multi-laterally traded contract may designate a primary currency and a secondary currency. The primary currency may be used for settlement and/or other payment obligations in connection with instances of the contract type. Under certain conditions, however, authorization may be given for settlement and/or payment of at least some obligations using an equivalent amount of the secondary currency.
    Type: Grant
    Filed: July 21, 2011
    Date of Patent: December 10, 2013
    Assignee: Chicago Mercantile Exchange, Inc.
    Inventors: Richard Co, Steven Youngren, Lori Aldinger, John Labuszewski
  • Publication number: 20130024340
    Abstract: An alternate currency futures contract or other type of derivative can be denominated in a primary currency. Margin account adjustments for mark-to-market (MTM) settlements, final settlements, and/or other cash flows associated with the contract can initially be calculated based on the primary currency, and then be converted to an alternate, secondary currency. This conversion can occur unconditionally and without requiring a prior unavailability determination.
    Type: Application
    Filed: October 31, 2011
    Publication date: January 24, 2013
    Applicant: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: Richard Co, Steven Youngren, Kok Chong Lam, Scott Brusso, John Labuszewski
  • Publication number: 20130024347
    Abstract: Stored data may define a multilaterally-traded contract type and specify final settlement of contracts conforming to the contract type by delivery of a defined quantity of a commodity. Additional data may be received, which additional data may indicate potential invocation of an alternate cash settlement mode for a plurality of contracts. Each contract of the plurality may be a contract conforming to the contract type. Further data may be received, with the further data indicating the alternate cash settlement mode is invoked for a group of contracts. The group may be all of the contracts of the plurality or a sub-portion of the plurality. Data may be transmitted to indicate cash final settlement of each contract of the group by payment of a cash settlement value instead of by delivery of the defined quantity of the commodity.
    Type: Application
    Filed: October 31, 2011
    Publication date: January 24, 2013
    Applicant: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: John Nyhoff, Lori Aldinger, John Labuszewski, Steven Youngren
  • Publication number: 20130024346
    Abstract: A type of multi-laterally traded contract may designate a primary currency and a secondary currency. The primary currency may be used for settlement and/or other payment obligations in connection with instances of the contract type. Under certain conditions, however, authorization may be given for settlement and/or payment of at least some obligations using an equivalent amount of the secondary currency.
    Type: Application
    Filed: July 21, 2011
    Publication date: January 24, 2013
    Applicant: CHICAGO MERCANTILE EXCHANGE INC.
    Inventors: Richard Co, Steven Youngren, Lori Aldinger, John Labuszewski