US Patent Issued to NYSE Group on March 25 for "Systems and methods for an electronic auction" (New York, New Jersey Inventors)

ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,459, issued on March 25, was assigned to NYSE Group Inc. (New York).

"Systems and methods for an electronic auction" was invented by Michael Blaugrund (Briarcliff Manor, N.Y.), Kevin Tyrrell (Brooklyn, N.Y.), John Tuttle (New York) and Michael Paulyson (Cranford, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Verifiable order message handling for electronic auctions. Electronic order messages are received, with at least one message including an order of a predetermined type having sell order information associated with an entity having securities not previously registered for transactions. Requests for participation in an electronic auction ar...