US Patent Issued to BlackRock Finance on June 9 for "Systems and methods for electronic trade order routing" (New York, California, New Jersey Inventors)

ALEXANDRIA, Va., June 9 -- United States Patent no. 12,651,295, issued on June 9, was assigned to BlackRock Finance Inc. (New York).

"Systems and methods for electronic trade order routing" was invented by Shawn Simpson (New York), Jingxin Xi (Jersey City, N.J.), Donald Weidner (New York), Trevor Hastie (Palo Alto, Calif.) and Robert Tibshirani (Stanford, Calif.).

According to the abstract* released by the U.S. Patent & Trademark Office: "The present application generally relates to electronic trading systems, and more specifically to systems and methods for electronic trade order routing. Specifically, electronic trade orders may be divided into a first set and a second set. The first set of trade orders are executed with ad hoc executio...