US Patent Issued to NEX Services North America on Oct. 20 for "Method and apparatus for order entry in an electronic trading system" (New York, New Jersey Inventors)

ALEXANDRIA, Va., Oct. 21 -- United States Patent no. 12,770,190, issued on Oct. 20, was assigned to NEX Services North America LLC (New York).

"Method and apparatus for order entry in an electronic trading system" was invented by Michael Merold (Sparta, N.J.) and John E. Schoen (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Orders received by an electronic trading system are processed in batches based on the instrument to which an order relates. An incoming order is assigned to a queue of a queue set that makes up the batch according to a random process. Where orders are received from related trading parties, they are assigned to the same queue set according to their time of receipt. The batch has ...