ALEXANDRIA, Va., Aug. 12 -- United States Patent no. 12,387,264, issued on Aug. 12, was assigned to Cboe Exchange Inc. (Chicago).
"Compression optimization" was invented by Joseph Green (Glenview, Ill.).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method is provided for compressing data in an exchange computer system. The method includes receiving position data indicative of a position held with respect to a financial instrument by an exchange participant from among a plurality of exchange participants, and receiving constraint data indicative of one or more constraints on compression defined by the exchange participant. The exchange computer system compresses data based on the position data and the const...