Location History:
- Framingham, MA (US) (2008)
- Farmingham, MA (US) (2010)
Company Filing History:
Years Active: 2008-2010
Title: Scott Cerreta: Innovator in Automated Commodities Transactions
Introduction
Scott Cerreta is a notable inventor based in Framingham, MA (US). He has made significant contributions to the field of automated commodities transactions. With a total of 2 patents, Cerreta's work focuses on enhancing the efficiency and security of commodity trading.
Latest Patents
Cerreta's latest patents include a system and method for automated commodities transactions that feature an automatic hedging function. This integrated virtual market facilitates communication between producers of commodities and potential purchasers. The system provides real-time updates on local pricing offered by buyers. Producers can post offers that can be automatically accepted by purchasers, leading to the automatic generation of contracts. A critical aspect of this invention is minimizing the risk associated with transactions. To address this, the virtual market system automatically requests and obtains futures contracts to hedge the generated contracts.
Career Highlights
Scott Cerreta is currently associated with Farms Technology, LLC, where he applies his innovative ideas to improve commodity trading processes. His work has been instrumental in creating systems that streamline transactions and reduce risks for both producers and buyers.
Collaborations
Cerreta collaborates with talented individuals such as Gary Reding and Kent Beadle, contributing to a dynamic work environment that fosters innovation.
Conclusion
Scott Cerreta's contributions to automated commodities transactions demonstrate his commitment to innovation in the field. His patents reflect a deep understanding of market dynamics and a desire to enhance trading efficiency.