US Patent Issued to JPMORGAN CHASE BANK on Feb. 24 for "Method and system for dynamic request for quotation pricing using proportional-integral-derivative control with Bayesian optimization" (British, American Inventors)

ALEXANDRIA, Va., Feb. 24 -- United States Patent no. 12,561,741, issued on Feb. 24, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Method and system for dynamic request for quotation pricing using proportional-integral-derivative control with Bayesian optimization" was invented by Fernando Acero (London), Parisa Zehtabi (London), Levon Haykazyan (London), Alice Guichenez (London), Karim Khiar (New Canaan, Conn.), Daniele Magazzeni (London), Michael Cashmore (Falkirk, Great Britain) and Manuela Veloso (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "A method and a system for dynamic request for quotation (RFQ) pricing using proportional-integral-derivative (PID) control with Bayesian optimizati...