ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,659, issued on Oct. 21, was assigned to NYSE Group Inc. (New York).
"Risk mitigation in an electronic trading system" was invented by Amy Joy Farnstrom (Oakland, Calif.).
According to the abstract* released by the U.S. Patent & Trademark Office: "An electronic trading system (ETS) implements risk mitigation methods for orders and quotes associated with a market participant on the ETS. The methods determine a measure of risk associated with one or more trading positions. One of the methods globally counts the number of breaches of risk thresholds associated with a trading symbol and market participant across all matching engines on the ETS over a rolling time period, and if this g...