US Patent Issued to BGC PARTNERS on March 3 for "System and method for matching trading orders based on priority" (New Jersey, New York Inventors)

ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,108, issued on March 3, was assigned to BGC PARTNERS INC. (New York).

"System and method for matching trading orders based on priority" 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: "A system for managing trading orders comprises a memory to store a first trading order for a particular trading product, wherein the first trading order comprises display and reserve portions and is received from a first trader. The memory may store a second trading order for the particular trading product, wherein the second trad...