US Patent Issued to Chicago Mercantile Exchange on April 29 for "System and method for providing intelligent market data snapshots" (Illinois Inventors)

ALEXANDRIA, Va., June 9 -- United States Patent no. 12,288,262, issued on April 29, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"System and method for providing intelligent market data snapshots" was invented by Ari L. Studnitzer (Northbrook, Ill.), Seshadri Sundaram (Aurora, Ill.), Kevin Kometer (Palatine, Ill.), Sana Fathallah-Shaykh (Chicago) and James Krause (Palatine, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for processing and distributing market data. Critical data, such as data showing that a market price has changed is distributed without further delay. When the market data does not result in a change in a market price or does not meet anoth...