US Patent Issued to Chicago Mercantile Exchange on Jan. 27 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., Jan. 28 -- United States Patent no. 12,536,587, issued on Jan. 27, 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) and Frank Kmiec (Carey, Ill.).

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 improved performance which further assures transact...