Determination of Banding Start Price for Order Evaluation

Patent №

US 10,109,008

Granted

2018-10-23

Filed 2014

Owner

CHICAGO MERCANTILE EXCHANGE INC.

Lab

AI components

3

kr · planning · hardware

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

14158211

A banding start price may be generated using one of multiple subroutines. Each of the subroutines may generate a banding start price using a different algorithm and may have different input data criteria. Each of those subroutines may be ranked based expected accuracy of a price output by the subroutine. The banding start price may be generated by the highest ranking subroutine for which there is input data satisfying relevant criteria.

AI classification

Planning1.00
AI hardware0.98
Knowledge representation0.96
Machine learning0.19
Natural language0.05
Evolutionary computation0.00
Vision0.00
Speech0.00

Ownership

CHICAGO MERCANTILE EXCHANGE INC.

assignment · 319960683

Assignors

SCHEERER, JOHN, ALMEIDA, RANDAL

On an employer assignment, the assignors are typically the inventors.

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