ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,443,997, issued on Oct. 14, was assigned to Intercontinental Exchange Holdings Inc. (Atlanta).
"System and method for processing a trade order" was invented by David R. Wender (New York).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and apparatus for processing a trade order include a computer configured for receiving market data for a financial asset, receiving pricing parameters and receiving proposed order quantity and price data. The computer is further configured for constructing proposed trades based on the proposed order quantity and price data, and for calculating a theoretical price for the financial asset based on the market data, pric...