ALEXANDRIA, Va., July 9 -- United States Patent no. 12,354,164, issued on July 8, was assigned to Microsoft Technology Licensing LLC (Redmond, Wash.).
"Response-time-based ordering of financial market trades" was invented by Prateesh Goyal (Seattle), Ilias Marinos (Athens, Greece), Ranveer Chandra (Kirkland, Wash.) and Mark Eugene Russinovich (Bellevue, Wash.).
According to the abstract* released by the U.S. Patent & Trademark Office: "Examples are disclosed that relate to fairly ordering financial market trades received from different market participant computers via a cloud computing network. In one example, a plurality of trades generated by a plurality of market participant computers are received. The trades are generated based at lea...