US Patent Issued to CFPH on June 3 for "Distributed trading network and interface" (New York, New Jersey Inventors)

ALEXANDRIA, Va., June 4 -- United States Patent no. 12,321,987, issued on June 3, was assigned to CFPH LLC (New York).

"Distributed trading network and interface" was invented by Peter McGovern (North Arlington, N.J.) and Kevin Foley (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A distributed trading platform comprising: a first participant system of a liquidity provider configured to determine a first order that is stored in a first order management system; a central system configured to determine a plurality of second orders based on the first order, an aggression level and market data; and a second participant system of a liquidity taker configured to determine that a contra order is stored in ...