US Patent Issued to BlackRock Finance on March 3 for "Systems and methods for electronic trade order routing" (New York, California, New Jersey Inventors)

ALEXANDRIA, Va., March 3 -- United States Patent no. 12,567,110, issued on March 3, 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. A routing algorithm may generate an execution style recommendation for incoming IG corporate orders. For example, the style recommendation may be sho...