Patent grant for high-speed financial exchange with improved performance and fault tolerance
Summary
USPTO granted patent US12591930B2 to Chicago Mercantile Exchange Inc. for a transactionally deterministic high-speed financial exchange system. The patent covers trading system architecture with improved performance, fault tolerance, low latency processing, and market protections. The patent names five inventors including Ari Studnitzer and Zachary Bonig.
What changed
USPTO granted patent US12591930B2 titled 'Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance' to Chicago Mercantile Exchange Inc. The patent (20 claims, CPC G06Q 40/04) covers a trading system architecture providing transactional determinism under increasing processing loads, improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation, and market protections with equitable access to information.
This is a patent issuance notice rather than a compliance requirement. Market participants and technology vendors developing competitive financial exchange systems should review the patent claims to assess potential licensing needs or design-around considerations. The patent strengthens CME's intellectual property portfolio in exchange technology and may affect competitors in the high-frequency trading and exchange systems space.
Archived snapshot
Apr 1, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Transactionally deterministic high speed financial exchange having improved, efficiency, communication, customization, performance, access, trading opportunities, credit controls, and fault tolerance
Grant US12591930B2 Kind: B2 Mar 31, 2026
Assignee
Chicago Mercantile Exchange Inc.
Inventors
Ari Studnitzer, Zachary Bonig, Ryan Eavy, Frank Kmiec, Scott Henderson
Abstract
The disclosed embodiments relate to implementation of a trading system, which may also be referred to as a trading system architecture, having improved performance which further assures transactional determinism under increasing processing transaction loads while providing improved trading opportunities, fault tolerance, low latency processing, high volume capacity, risk mitigation and market protections with minimal impact, as well as improved and equitable access to information and opportunities.
CPC Classifications
G06Q 40/04
Filing Date
2024-11-25
Application No.
18958965
Claims
20
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