ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,487, issued on July 15, was assigned to Chicago Mercantile Exchange Inc. (Chicago).
"Message processing" was invented by Ari Studnitzer (Northbrook, Ill.), Nathan Ball (Ogden Dunes, Ind.), Wayne G. Arner II (Northbrook, Ill.), Giuseppe Scimeca (Chicago), John Scheerer (Frankfort, Ill.), Christopher Reithel (New Lenox, Ill.), Jacob Doornebos (Riverside, Ill.) and Brian Wolf (Roselle, Ill.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods are provided for scoring the use of financial market messages. Uses of messages that are efficient and/or improve market liquidity receive positive scores. Traders are charge fees or receive rewards ...