ALEXANDRIA, Va., June 16 -- United States Patent no. 12,307,526, issued on May 20, was assigned to TRADING TECHNOLOGIES INTERNATIONAL INC. (Chicago).
"Throttling modification messages" was invented by Michael Unetich (Chicago).
According to the abstract* released by the U.S. Patent & Trademark Office: "The present embodiments relate to intelligently throttling a modification message based on a period of time that a trade order is required to remain in a market. In an embodiment, intelligently throttling a modification message includes intelligently selecting a transmission time of a modification message based on a period of time that a trade order is required to remain in a market. The modification message is transmitted at the selected t...