Company Filing History:
Years Active: 2010-2015
Title: Innovations of Steven Youngren
Introduction
Steven Youngren is a notable inventor based in Elgin, Illinois, with a focus on advancements in contract settlement technologies. He holds a total of six patents, showcasing his expertise and innovative contributions to the field.
Latest Patents
Among his latest patents is the "Multi-laterally traded contract settlement mode modification." This invention allows for the definition of a multilaterally-traded contract type and specifies the final settlement of contracts through the delivery of a defined quantity of a commodity. Additionally, it includes provisions for invoking an alternate cash settlement mode for a plurality of contracts, enhancing flexibility in financial transactions. Another significant patent is the "Modification of multi-laterally traded contracts based on currency unavailability condition." This patent introduces a system where a primary and secondary currency can be designated for settlement, allowing for alternative payment methods under specific conditions.
Career Highlights
Steven Youngren is currently employed at the Chicago Mercantile Exchange Inc., where he applies his innovative ideas to improve trading and settlement processes. His work has significantly impacted the efficiency of financial transactions in the trading industry.
Collaborations
Throughout his career, Steven has collaborated with notable colleagues such as John Labuszewski and Derek Sammann, contributing to a dynamic work environment that fosters innovation.
Conclusion
Steven Youngren's contributions to the field of contract settlement technology demonstrate his commitment to innovation and efficiency. His patents reflect a deep understanding of market needs and a forward-thinking approach to financial transactions.