US Patent Issued to Chicago Mercantile Exchange on Oct. 14 for "Minimization of the consumption of data processing resources in an electronic transaction processing system via selective premature settlement of products transacted thereby based on a series of related products" (New York, Illinois Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,991, issued on Oct. 14, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Minimization of the consumption of data processing resources in an electronic transaction processing system via selective premature settlement of products transacted thereby based on a series of related products" was invented by Agha Irtaza Mirza (New York), Edmund Carey (Chicago) and Frederick Sturm (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to an exchange computing system which selectively prematurely expires financial instruments in order to finally settle them and remove them from the computing system. In particular,...