Company Filing History:
Years Active: 2011-2013
Title: Sayee Srinivasan: Innovator in Financial Instruments
Introduction
Sayee Srinivasan is a notable inventor based in Elmhurst, IL (US), recognized for his contributions to the field of financial instruments. With a total of six patents to his name, he has made significant advancements in trading systems and derivative products.
Latest Patents
One of his latest patents focuses on a foreign currency index. This innovation provides systems and methods for trading and calculating the composition of foreign currencies indexed financial instruments. The compositions are determined by calculating a geometric average of the exchange rates of foreign currencies, utilizing competitive weights that reflect the competition between U.S. goods and those of corresponding foreign countries in third markets.
Another significant patent involves derivative products. This invention describes systems and methods for processing and clearing derivative products with a binary outcome, which have a final settlement based on a triggering event. The computer system designed for this purpose can accept initial and adjusted performance bonds from buyers and sellers, adjusting the market price of the derivative product at intervals. These adjustments can generate cash flow between buyers and sellers, culminating in a predetermined final settlement amount upon the triggering of a specific event.
Career Highlights
Sayee Srinivasan is currently employed at the Chicago Mercantile Exchange Inc., where he applies his expertise in financial instruments. His work has contributed to the development of innovative trading solutions that enhance market efficiency.
Collaborations
Throughout his career, Sayee has collaborated with notable colleagues, including Scott A Brusso and Richard Co. These partnerships have fostered a collaborative environment that encourages innovation and the sharing of ideas.
Conclusion
Sayee Srinivasan stands out as an influential inventor in the realm of financial instruments, with a focus on foreign currency indices and derivative products. His contributions continue to shape the landscape of financial trading and processing.