John E Nyhoff

Author:

John E. Nyhoff

ISBN #:

0471606766

US Patent:

8266026, Sep 11, 2012

Filed:

Sep 29, 2006

Appl. No.:

11/537441

Inventors:

Richard Co - Chicago IL, US
John Labuszewski - Westmont IL, US
Paul Peterson - Elgin IL, US
John Nyhoff - Darien IL, US
Sayee Srinivasan - Elmhurst IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 35, 705 36 R, 705 37, 705 38

Abstract:

Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e. g. , the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

US Patent:

8423446, Apr 16, 2013

Filed:

Aug 8, 2012

Appl. No.:

13/569916

Inventors:

Richard Co - Chicago IL, US
John Labuszewski - Westmont IL, US
John Nyhoff - Darien IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 35, 705 37

Abstract:

Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e. g. , a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e. g. , credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

US Patent:

8447679, May 21, 2013

Filed:

Aug 13, 2012

Appl. No.:

13/572828

Inventors:

Richard Co - Chicago IL, US
John Labuszewski - Westmont IL, US
Paul Peterson - Elgin IL, US
John Nyhoff - Darien IL, US
Sayee Srinivasan - Elmhurst IL, US

Assignee:

Chicago Mercantile Exchange, Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 35, 705 4, 705 37

Abstract:

Systems and methods are described for processing and clearing derivatives products with a binary outcome and having a final settlement based on a triggering event. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e. g. , the credit rating of a reference entity. As a result of price adjustments, cash flow may be generated between buyers and sellers. The derivative product may pay a predetermined final settlement amount or percentage upon the triggering of a predetermined event. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

US Patent:

8473402, Jun 25, 2013

Filed:

Apr 14, 2011

Appl. No.:

13/086874

Inventors:

Steven A. Youngren - Elgin IL, US
Lori Aldinger - Naperville IL, US
John Nyhoff - Darien IL, US
John Labuszewski - Westmont IL, US

Assignee:

Chicago Mercantile Exchange Inc. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Systems and methods that provide for a perpetual futures/derivatives contract with periodic reckoning are disclosed. An embodiment may include a method of receiving a new perpetual contract and managing that contract through to its termination. The perpetual futures contract may comprise an option to terminate the contract at recurring predetermined intervals. The exchange may allow or prohibit exercise of the option based on particular parameters.

US Patent:

20080010221, Jan 10, 2008

Filed:

Dec 15, 2006

Appl. No.:

11/611433

Inventors:

Richard Co - Chicago IL, US
John Labuszewski - Westmont IL, US
John Nyhoff - Darien IL, US

Assignee:

CHICAGO MERCANTILE EXCHANGE, INC. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 36 R

Abstract:

Methods, systems and apparatuses are described for processing and clearing derivatives products with a digital outcome and a plurality of constituents. A computer system configured to process and clear derivative products can accept initial and adjusted performance bonds from buyers and sellers, and adjust the market price of the derivative product at intervals. The market price may be adjusted on a mark-to-market basis and through analysis of other information, e.g., a change in credit rating of reference entities of the derivative product. As a result of price adjustments, cash flow may be generated between buyers and sellers (e.g., credit and debit to accounts). The derivative product may pay a percentage of a predetermined final settlement amount upon the triggering of a predetermined event in each of the constituents of the derivative product. However, upon expiration of the derivative product, the derivative's market price is settled to zero and the agreement is terminated.

US Patent:

20130018770, Jan 17, 2013

Filed:

Jul 14, 2011

Appl. No.:

13/183132

Inventors:

Richard Co - Chicago IL, US
Steve Youngren - Elgin IL, US
John Wiley - New York NY, US
David Boberski - Westport CT, US
John Labuszewski - Westmont IL, US
John Nyhoff - Darien IL, US

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

The disclosed embodiments relate to a futures contract, the value of which is based on the value of the underlying asset multiplied by a variable multiplier value which is based on a variable parameter.

US Patent:

20130024344, Jan 24, 2013

Filed:

Jul 19, 2011

Appl. No.:

13/186235

Inventors:

David Boberski - Westport CT, US
John Wiley - New York NY, US
John Nyhoff - Darien IL, US
John Labuszewski - Westmont IL, US

Assignee:

CHICAGO MERCANTILE EXCHANGE, INC. - Chicago IL

International Classification:

G06Q 40/00

US Classification:

705 37

Abstract:

Novel systems and methods for selectively listing a commodity under one or more different commodity codes are provided. A single commodity may be selectively listed under different commodity codes based upon whether it is offered on an opening or closing basis. The commodity may be an Interest Rate Swap (IRS). It may be matched with bids according to a fixed rate variable when listed under the first code. The same commodity may then be listed on the same exchange under a second commodity code. In one embodiment, the commodity listed under the second commodity code may be matched with bids according to a different variable, such as, for example, a currency amount. In one implementation, the currency amount of the second variable may represent a non-par payment.

US Patent:

20130024347, Jan 24, 2013

Filed:

Oct 31, 2011

Appl. No.:

13/285525

Inventors:

John Nyhoff - Darien IL, US
Lori Aldinger - Naperville IL, US
John Labuszewski - Westmont IL, US
Steven Youngren - Elgin IL, US

Assignee:

CHICAGO MERCANTILE EXCHANGE INC. - Chicago IL

International Classification:

G06Q 40/04

US Classification:

705 37

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.