US Patent Issued to NASDAQ on Aug. 26 for "Customizable macro-based order entry protocol and system" (New York, New Jersey Inventors)

ALEXANDRIA, Va., Aug. 26 -- United States Patent no. 12,400,262, issued on Aug. 26, was assigned to NASDAQ INC. (New York).

"Customizable macro-based order entry protocol and system" was invented by Michael Chapman (New York), Michael Lazarev (Hoboken, N.J.) and John Vaccaro (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present technology is related to employing a template/macro-based order entry system. An initial order data message contains a macro that establishes the initial parameters for an order and a unique ID is associated with the template. Subsequent, and potentially smaller sized data messages contain the unique ID as well as relevant order details for placing an order. Of course, ...