US Patent Issued to Eris Innovations on Aug. 19 for "Non-biased, centrally-cleared financial instrument and method of clearing and settling" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,982, issued on Aug. 19, was assigned to Eris Innovations LLC (Chicago).

"Non-biased, centrally-cleared financial instrument and method of clearing and settling" was invented by Donald R. Wilson Jr. (Chicago) and Yuhua Yu (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "In accordance with the principles of the present invention a non-biased, computer-implemented financial instrument electronic trading system and electronic central clearinghouse are provided. The electronic trading system and electronic central clearinghouse operate to provide electronic trading of financial instruments that are non-biased in that the electronic trading system ...