US Patent Issued to Chicago Mercantile Exchange on Jan. 13 for "Interest rate swap compression match engine" (Connecticut Inventor)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,806, issued on Jan. 13, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Interest rate swap compression match engine" was invented by David Boberski (Westport, Conn.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to a system for trading using a central counterparty which allows market participants to minimize risk and/or transactional fees associated with a portfolio of bilateral positions without substantially altering a risk profile thereof. In particular, the disclosed embodiments allow a market participant holding a portfolio of heterogeneous bilateral positions, such as positions in interest rate swa...