Patents by Inventor Michael Sean Merold

Michael Sean Merold has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • RANDOMIZATION OF ORDERS AT MATCHING IN ELECTRONIC TRADING SYSTEMS
    Publication number: 20250225582
    Abstract: The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine/CLOB thereby imparting zero added latency between order submission/modifications/cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.
    Type: Application
    Filed: March 26, 2025
    Publication date: July 10, 2025
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Edward R. Howorka, Peter Robert Capuano, Michael Sean Merold
  • EFFICIENT RESOURCE ALLOCATION IN LATENCY FLOOR IMPLEMENTATION
    Publication number: 20250217889
    Abstract: The disclosed embodiments relate to electronic trading system architectures, for processing incoming orders to an electronic trading system, which feature a latency floor mechanism which imparts a delay on incoming orders. In particular, the disclosed embodiments implement a latency floor mechanism which compensates for both latency variations among trader's ability to submit transactions and also variations in the volume of submitted transactions therefrom.
    Type: Application
    Filed: March 21, 2025
    Publication date: July 3, 2025
    Applicant: Chicago Mercantile Exchange Inc.
    Inventor: Michael Sean Merold
  • Randomization of orders at matching in electronic trading systems
    Patent number: 12288258
    Abstract: The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine/CLOB thereby imparting zero added latency between order submission/modifications/cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.
    Type: Grant
    Filed: March 8, 2024
    Date of Patent: April 29, 2025
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Edward R. Howorka, Peter Robert Capuano, Michael Sean Merold
  • Efficient resource allocation in latency floor implementation
    Patent number: 12282955
    Abstract: The disclosed embodiments relate to electronic trading system architectures, for processing incoming orders to an electronic trading system, which feature a latency floor mechanism which imparts a delay on incoming orders. In particular, the disclosed embodiments implement a latency floor mechanism which compensates for both latency variations among trader's ability to submit transactions and also variations in the volume of submitted transactions therefrom.
    Type: Grant
    Filed: March 19, 2021
    Date of Patent: April 22, 2025
    Assignee: Chicago Mercantile Exchange Inc.
    Inventor: Michael Sean Merold
  • RANDOMIZATION OF ORDERS AT MATCHING IN ELECTRONIC TRADING SYSTEMS
    Publication number: 20240212045
    Abstract: The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine/CLOB thereby imparting zero added latency between order submission/modifications/cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.
    Type: Application
    Filed: March 8, 2024
    Publication date: June 27, 2024
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Edward R. Howorka, Peter Robert Capuano, Michael Sean Merold
  • Randomization of orders at matching in electronic trading systems
    Patent number: 11961140
    Abstract: The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine/CLOB thereby imparting zero added latency between order submission/modifications/cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.
    Type: Grant
    Filed: August 12, 2020
    Date of Patent: April 16, 2024
    Assignee: Chicago Mercantile Exchange Inc.
    Inventors: Edward R. Howorka, Peter Robert Capuano, Michael Sean Merold
  • EFFICIENT RESOURCE ALLOCATION IN LATENCY FLOOR IMPLEMENTATION
    Publication number: 20220301053
    Abstract: The disclosed embodiments relate to electronic trading system architectures, for processing incoming orders to an electronic trading system, which feature a latency floor mechanism which imparts a delay on incoming orders. In particular, the disclosed embodiments implement a latency floor mechanism which compensates for both latency variations among trader's ability to submit transactions and also variations in the volume of submitted transactions therefrom.
    Type: Application
    Filed: March 19, 2021
    Publication date: September 22, 2022
    Applicant: Chicago Mercantile Exchange Inc.
    Inventor: Michael Sean Merold
  • RANDOMIZATION OF ORDERS AT MATCHING IN ELECTRONIC TRADING SYSTEMS
    Publication number: 20210049691
    Abstract: The disclosed embodiments relate to a latency floor mechanism for processing incoming orders to an electronic trading system which impart a delay on orders, not when they are received, but when they are matched by the match engine/CLOB thereby imparting zero added latency between order submission/modifications/cancellations and price market data publication by the electronic trading system because the disclosed randomization processing delay applies only to matched orders, which represent a small fraction of the market events.
    Type: Application
    Filed: August 12, 2020
    Publication date: February 18, 2021
    Applicant: Chicago Mercantile Exchange Inc.
    Inventors: Edward R. Howorka, Peter Robert Capuano, Michael Sean Merold