The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 24, 2026
Filed:
Feb. 01, 2024
Jpmorgan Chase Bank, N.a., New York, NY (US);
Fernando Acero, London, GB;
Parisa Zehtabi, London, GB;
Levon Haykazyan, London, GB;
Alice Guichenez, London, GB;
Karim Khiar, New Canaan, CT (US);
Daniele Magazzeni, London, GB;
Michael Cashmore, Falkirk, GB;
Manuela Veloso, New York, NY (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
A method and a system for dynamic request for quotation (RFQ) pricing using proportional-integral-derivative (PID) control with Bayesian optimization in order to determine an optimal linear state-feedback controller for tracking a metric are provided. The method includes: receiving bid price information and ask price information that relates to a financial instrument; selecting a metric to be used in conjunction with a determination of an RFQ price with respect to the financial instrument; estimating an output of a PID controller based on a predetermined function of the metric; adjusting the estimate by using a Bayesian optimization process; and using the PID controller, the adjusted estimate, the bid price information, and the ask price information to determine the RFQ price.