US Patent Issued to NYSE Group on Feb. 17 for "Systems and methods for using secondary market for primary creation and redemption activity in securities" (New York, New Jersey Inventors)

ALEXANDRIA, Va., Feb. 17 -- United States Patent no. 12,555,165, issued on Feb. 17, was assigned to NYSE Group Inc. (New York).

"Systems and methods for using secondary market for primary creation and redemption activity in securities" was invented by Clifford Weber (Basking Ridge, N.J.), Thomas Champion (Montrose, N.Y.) and Laura V. Morrison (New York).

According to the abstract* released by the U.S. Patent & Trademark Office: "Systems and methods for transforming an electronic portfolio. A system includes an electronic crossing platform that receives data defining trade orders of the electronic portfolio during an initial time period; compares portions of the data to determine an imbalance of the trade orders remaining after the initial...