US Patent Issued to Trading Technologies International on Jan. 20 for "System and method for optimizing order placement in an order queue in an electronic trading environment" (Illinois Inventors)

ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,530,719, issued on Jan. 20, was assigned to Trading Technologies International Inc. (Chicago).

"System and method for optimizing order placement in an order queue in an electronic trading environment" was invented by Richard A. Prybell (St. Charles, Ill.) and Peter A. Levenberg (Naperville, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for optimizing order placement in an electronic trading environment are provided. Global queue holder orders are placed in a tradeable object to reserve quantity for traders. Traders may submit order requests for quantity at price levels at which a global queue holder order is holding quantity. W...