US Patent Issued to JPMORGAN CHASE BANK on May 6 for "Method and system for simulation and calibration of markets" (New York, New Jersey Inventors)

ALEXANDRIA, Va., June 10 -- United States Patent no. 12,293,378, issued on May 6, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Method and system for simulation and calibration of markets" was invented by Nelson Vadori (New York), Sumitra Ganesh (Short Hills, N.J.), Mengda Xu (Jersey City, N.J.), Prashant P Reddy (Madison, N.J.) and Maria Manuela Veloso (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method for creating a realistic agent-based simulation of an over-the-counter market and using data from the real market to calibrate the simulator is provided. The method includes: assigning, to each of a group of agents, a type value that relates to a state of the respective agent; receiving...