US Patent Issued to Chicago Mercantile Exchange on March 24 for "Detection and mitigation of effects of high velocity value changes based upon match event outcomes" (Illinois Inventors)

ALEXANDRIA, Va., March 24 -- United States Patent no. 12,586,091, issued on March 24, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Detection and mitigation of effects of high velocity value changes based upon match event outcomes" was invented by Neil A. Lustyk (Lisle, Ill.), John Scheerer (Frankfort, Ill.), James Bailey (Hanover Park, Ill.) and Paul Millhuff (Tinley Park, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A processing module may be centralized and coupled to multiple inputs from customers, and behave deterministically, e.g., programmed to depend on state, inputs and outputs. The rapid speed of automated trading systems implementing such a centralized, deterministic module, ...