ALEXANDRIA, Va., Jan. 13 -- United States Patent no. 12,524,810, issued on Jan. 13, was assigned to Cboe Exchange Inc. (Chicago).
"Quote depletion protection" was invented by William Ciabattoni (New York).
According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and techniques are described for implementing quote depletion protection via an exchange computer system. In some implementations, a financial instrument transaction order (e.g., a midpoint discretionary order for a financial instrument) with an instruction to apply quote depletion protection is received from a user device. Market conditions associated with the financial instrument transaction order (e.g., a National Best Bid ("NBB") or National Best Off...