ALEXANDRIA, Va., March 26 -- United States Patent no. 12,260,454, issued on March 25, was assigned to REFINITIV US ORGANIZATION LLC (New York).
"Pipelined credit checking" was invented by Hayden Melton (Philadelphia).
According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosure relates to non-blocking messaging in an electronic trading venue (ETV) in which a matching engine sends groups of price-compatible contra-orders to a credit engine. Doing so may improve the ETV's efficacy and performance by eliminating the need for multiple roundtrips of messages in the case of a failed credit check, and/or by allowing the ETV to more faithfully implement its matching rules. Upon sending an order to the credit engine t...