ALEXANDRIA, Va., Oct. 28 -- United States Patent no. 12,450,653, issued on Oct. 21, was assigned to The Clearing Corp. (Chicago).
"Firm trade processing system and method" was invented by Benjamin Lis (New York) and Francois Lepart (London).
According to the abstract* released by the U.S. Patent & Trademark Office: "A method for processing a trade, the method includes a computer generating a firm trade between two clearing participants. The method further includes transmitting the firm trade enrichment request to the clearing participants, and receiving enriched firm trade in response. The method further includes processing the firm trade as a cleared trade using the received enriched firm trade data. The method further includes submittin...