US Patent Issued to Chicago Mercantile Exchange on Oct. 27 for "Spread price scaling for implied trade matching" (Illinois, New York Inventors)

ALEXANDRIA, Va., Oct. 27 -- United States Patent no. 12,775,982, issued on Oct. 27, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Spread price scaling for implied trade matching" was invented by Richard Co (Chicago), Thomas Patrick Rafferty (Chicago), Murphy James Brennan (Hinsdale, Ill.), Timothy Francis McCourt (New York), Giovanni Vicioso (New York), David Paul Plandowski (Chicago) and Benjamin Carl Rutledge (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented method for creating and matching implied inter-commodity spread orders where a spread ratio between legs of the inter-commodity spread is endogenous. The implied spread price is determined with a multi-step c...