US Patent Issued to Chicago Mercantile Exchange on Feb. 10 for "Multi-dimensional tradable product order book system" (Connecticut, New York Inventors)

ALEXANDRIA, Va., Feb. 11 -- United States Patent no. 12,548,063, issued on Feb. 10, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Multi-dimensional tradable product order book system" was invented by Carrick John Pierce (New York) and David Nathaniel Hoff (Stamford, Conn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for processing multi-dimensional orders. A data transaction request message is received at a data transaction system. The data transaction request message includes data representative of at least a first function for a first attribute of a commodity and a second function for a second attribute of the commodity. The data transaction system identifi...