US Patent Issued to Trading Technologies International on July 28 for "Method and apparatus for computing a value of a traded item" (Illinois Inventors)

ALEXANDRIA, Va., July 28 -- United States Patent no. 12,694,446, issued on July 28, was assigned to Trading Technologies International Inc. (Chicago).

"Method and apparatus for computing a value of a traded item" was invented by Sagy Pundak Mintz (Lincolnshire, Ill.) and Michael J. Burns (Riverside, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Embodiments for determining a traded item's value are described herein. An embodiment includes identifying conditions for use in computing a value of the tradable object. The embodiment further includes determining whether a condition is satisfied based on market data, for example, and if the condition is satisfied, then determining the value of the item based o...