US Patent Issued to Chicago Mercantile Exchange on April 22 for "Efficient resource allocation in latency floor implementation" (New Jersey Inventor)

ALEXANDRIA, Va., June 6 -- United States Patent no. 12,282,955, issued on April 22, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Efficient resource allocation in latency floor implementation" was invented by Michael Sean Merold (Sparta, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to electronic trading system architectures, for processing incoming orders to an electronic trading system, which feature a latency floor mechanism which imparts a delay on incoming orders. In particular, the disclosed embodiments implement a latency floor mechanism which compensates for both latency variations among trader's ability to submit transactions and also variations ...