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:
Jul. 14, 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 reinforcement learning and symbolic regression in order to obtain a pseudo-optimal nonlinear state-feedback controller for tracking a metric with increased interpretability 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; formulating a Markov Decision Process (MDP) that relates to the determination of the RFQ price; using the MDP to define an RFQ pricing controller with respect to the metric; applying a reinforcement learning algorithm in order to tune a behavior of the RFQ pricing controller with respect to the metric; and using the RFQ pricing controller, the first information, and the second information to determine the RFQ price.