US Patent Issued to Chicago Mercantile Exchange on June 24 for "Accelerated trade matching using speculative parallel processing" (Illinois Inventors)

ALEXANDRIA, Va., June 25 -- United States Patent no. 12,340,416, issued on June 24, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Accelerated trade matching using speculative parallel processing" was invented by Stanislav Liberman (Vernon Hills, Ill.), Michael Colligan (Chicago) and James Raitsev (Arlington Heights, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic trading system is configured to create speculative orders based on real orders. The speculative order differs from the real order by the price, quantity, or the type of financial instrument. The match engine chooses one or more speculative orders in an attempt to predict the next real order. Even though processing mu...