ALEXANDRIA, Va., Sept. 10 -- United States Patent no. 12,412,183, issued on Sept. 9, was assigned to Actimize Ltd. (Ra'Anana, Israel).
"System and method for detecting fraud and insider trading" was invented by Nikhil Jivanrao Rudrakar (Pune, India), Mayuresh Suhas Gulavani (Pune, India) and Salil Dhawan (Kharadi Pune, India).
According to the abstract* released by the U.S. Patent & Trademark Office: "A system and method may detect rogue trading by detecting a subset of trades among a plurality of trades, where each trade in the subset does not meet a trade surveillance system threshold, and does meet a trade surveillance system threshold within a tolerance, and each trade falls within the same time period. A ratio of the subset of trades...