US Patent Issued to Chicago Mercantile Exchange on Sept. 22 for "Apparatuses, methods and systems for a tracking platform for standardized instruments" (Illinois Inventor)

ALEXANDRIA, Va., Sept. 24 -- United States Patent no. 12,743,724, issued on Sept. 22, was assigned to Chicago Mercantile Exchange Inc. (Chicago).

"Apparatuses, methods and systems for a tracking platform for standardized instruments" was invented by John Balaam Alexander Kerpel (Chicago).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented method for a tracking platform comprises receiving a plurality of data records for the financial instrument; determining a number of units of the futures contract associated with a starting capital amount based on the near settlement price of the data record with the earliest timestamp; processing the data records in sequence based on the timestamp by setti...