Firm celebrates its 500th patent
Aug 01, 2013
For more than 30 years, the firm has put its stamp on advancements ranging from trading systems to distributed computing—culminating in JPMorgan Chase's 500th patent in June.
The milestone patent is tied to the firm's award-winning algorithmic trading solution, which allows traders to create and customize formulas and sequences to structure orders.
The firm’s first patent was back in 1978 for electronic funds transfer. A notable firm patent was licensed by the New York-New Jersey Port Authority to help ease congestion in toll lanes, making up the underlying architecture of the early EZ-Pass style systems.
With 500 in place, the firm has a leading position among financial services companies for patents.