US Patent Issued to Chicago Mercantile Exchange on Aug. 5 for "Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 6 -- United States Patent no. 12,380,500, issued on Aug. 5, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance" was invented by Ari Studnitzer (Northbrook, Ill.), Zachary Bonig (Skokie, Ill.), Ryan Eavy (Chicago), Frank Kmiec (Cary, Ill.), Barry Galster (Chicago) and Paul Callaway (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having impr...