US Patent Issued to Chicago Mercantile Exchange on July 7 for "Minimization of the consumption of data processing resources in an electronic transaction processing system via utilization of physical delivery" (British Inventor)

ALEXANDRIA, Va., July 7 -- United States Patent no. 12,675,821, issued on July 7, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Minimization of the consumption of data processing resources in an electronic transaction processing system via utilization of physical delivery" was invented by Mark Andrew Rogerson (London).

According to the abstract* released by the U.S. Patent & Trademark Office: "The disclosed embodiments relate to a system for automatically using a physical delivery of a dynamically generated position in an outright futures contract to satisfy a delivery requirement of a spread futures contract to, upon expiration thereof, deliver at least one component whose value is unknown at a time of delivery."

The pate...