US Patent Issued to TRADING TECHNOLOGIES INTERNATIONAL on May 13 for "Systems and methods for risk-based prioritized transaction message flow" (Illinois Inventors)

ALEXANDRIA, Va., June 12 -- United States Patent no. 12,299,738, issued on May 13, was assigned to TRADING TECHNOLOGIES INTERNATIONAL INC. (Chicago).

"Systems and methods for risk-based prioritized transaction message flow" was invented by Alexander V. Foygel (Highland Park, Ill.) and Bharat Mittal (Schaumburg, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Various systems and methods are provided for prioritized sending of transaction messages to an electronic exchange. According to one embodiment, a system determines a priority level for each transaction message based on a potential monetary reward or risk associated with sending or delaying the message. Once the priority levels are determined, the me...