US Patent Issued to BGC PARTNERS on April 14 for "System and method for apportioning trading orders based on size of displayed quantities" (New Jersey, New York Inventors)

ALEXANDRIA, Va., April 15 -- United States Patent no. 12,602,723, issued on April 14, was assigned to BGC PARTNERS INC. (New York).

"System and method for apportioning trading orders based on size of displayed quantities" was invented by Matthew W. Claus (Summit, N.J.), Kevin M. Foley (New York), Joseph C. Noviello (Summit, N.J.) and Howard W. Lutnick (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "An apparatus for processing trade orders comprises a processor and memory that stores first and second orders. The first order is associated with a product and comprises displayed and reserved quantities. The second order is associated with the product and comprises displayed and reserved quantities. The ...