US Patent Issued to NEX Services North America on Jan. 20 for "Computer system and a computerized method for central counterparty limit management" (American, Israeli Inventors)

ALEXANDRIA, Va., Jan. 20 -- United States Patent no. 12,530,721, issued on Jan. 20, was assigned to NEX Services North America LLC (New York).

"Computer system and a computerized method for central counterparty limit management" was invented by Nicholas J. Solinger (Edina, Minn.) and Yuval Kost (Tel-Aviv, Israel).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system for central limit management comprising one or more computers on a network and an input to receive an indication of a planned order of at least one derivative between counterparties to be executed on an execution venue from an asset manager. The system stores a limit comprising an indication of counterparty risk of the asset manager; and is conf...