US Patent Issued to Chicago Mercantile Exchange on Jan. 13 for "Transaction processing system which enables unconstrained data inputs to a constrained system to improve transaction precision" (New York, Illinois Inventors)

ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,811, issued on Jan. 13, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Transaction processing system which enables unconstrained data inputs to a constrained system to improve transaction precision" was invented by Carrick John Pierce (New York), Michael Copeland (Brooklyn, N.Y.) and John Joseph Wiesner (Aurora, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to automatically enabling unconstrained inputs of data, e.g., related to quantities of a proposed trade order for submission to an electronic trading system from parties in an electronic data transaction system that enforces constraints, e.g., ...