US Patent Issued to TRADING TECHNOLOGIES INTERNATIONAL on Aug. 19 for "Prioritization of trade order processing in electronic trading" (Illinois Inventors)

ALEXANDRIA, Va., Aug. 20 -- United States Patent no. 12,393,983, issued on Aug. 19, was assigned to TRADING TECHNOLOGIES INTERNATIONAL INC. (Chicago).

"Prioritization of trade order processing in electronic trading" was invented by Alexander V. Foygel (Highland Park, Ill.) and Bharat Mittal (Schaumburg, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various systems and methods for trade order processing in an electronic trading environment are provided. According to one or more embodiments, two or more trade orders are currently queued for execution at one or more electronic exchanges and are to be modified at substantially the same time. Each trade order is processed according to a priority based on ea...