US Patent Issued to Chicago Mercantile Exchange on Jan. 27 for "Pre-matching orders at wire rate in a central limit order book" (Illinois Inventors)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,590, issued on Jan. 27, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Pre-matching orders at wire rate in a central limit order book" was invented by Zachary Bonig (Skokie, Ill.), Brian Alvin Bourn (Chicago), Suchith Vasudevan (Chicago) and David Lariviere (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided to increase the rate at which a system can accept and process data transaction request messages. The system includes a pre-processor that filters incoming data transaction request messages prior to transmitting the messages for further processing, for example, by a matching engine. The pre-proce...