US Patent Issued to Chicago Mercantile Exchange on Aug. 25 for "Data object compression and reduction" (Swedish Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,234, issued on Aug. 25, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Data object compression and reduction" was invented by Peter Mattias Palm (Stockholm), Jesper Lars Wilhelm Hermodsson (Bromma, Sweden), Sven Marcus Dahlin (Hagersten, Sweden) and Carl Erik Thornberg (Stockholm).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system is configured to implement data compression on a set of data objects. The system includes a processor configured to obtain the set of data objects. The data objects specify, source, type, size, and polarity data for a plurality of transactions. The processor is configured to implement an optimization proc...