US Patent Issued to New York Mercantile Exchange on Aug. 25 for "Determination of implied orders in a trade matching system" (New Jersey, New York Inventors)

ALEXANDRIA, Va., Aug. 25 -- United States Patent no. 12,718,298, issued on Aug. 25, was assigned to New York Mercantile Exchange Inc. (New York).

"Determination of implied orders in a trade matching system" was invented by Andrew Milne (Maplewood, N.J.) and Aleksandr Sedlin (Brooklyn, N.Y.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer implemented method for determining implied orders in an electronic trading system is provided. The method comprises receiving a first set of one or more real orders, wherein the orders are not tradable against each other. One or more implied orders are identified within the first set of real orders. Market data corresponding to the implied orders can also be identif...