US Patent Issued to BGC PARTNERS on April 21 for "Method, apparatus and system for fee stamping of trade messages" (New York, Florida, New Jersey Inventors)

ALEXANDRIA, Va., April 21 -- United States Patent no. 12,608,745, issued on April 21, was assigned to BGC PARTNERS LP (New York).

"Method, apparatus and system for fee stamping of trade messages" was invented by Erik Barry (Laurel Hollow, N.Y.), Robert Allen (Miami Shores, Fla.), Matt Troy (Montauk, N.Y.), Bijoy Paul (New York) and Nicholas Glass (Chatham, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "System, method, and apparatus may determine exchange and clearinghouse fees for a client to an executed trade based on client fee instructions indicating real time fee rates in a trade message generated by an electronic trading exchange that executes the trade, without any additional information other tha...