US Patent Issued to BGC PARTNERS on Oct. 7 for "System and method for providing latency protection for trading orders" (New York, New Jersey Inventors)

ALEXANDRIA, Va., Oct. 8 -- United States Patent no. 12,437,339, issued on Oct. 7, was assigned to BGC PARTNERS INC. (New York).

"System and method for providing latency protection for trading orders" was invented by Peter Bartko (Warwick, N.Y.), John Robert Capuano (Chatham, N.J.), Joseph C. Noviello (Summit, N.J.) and Brian Alexander Weston (Katonah, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for managing trading orders comprises a memory operable to store an order associated with a first price. The system further comprises a processor communicatively couple to the memory and operable to identify a latency value. The processor is further operable to receive a counterorder and to identify a...