System and method for charging trading commissions for brokerage accounts based on principal of trades
US8498921B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 30, 2008 |
| Grant date | Jul 30, 2013 |
| Priority date | — |
| Expiry date | Mar 7, 2031 |
Classification
- Technology area (CPC Y)Emerging Cross-Sectional Technologies
- CPC primaryY04S10/50
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods for determining a brokerage commission owed by a client of a brokerage firm based on the principal volume (“PV”) of the client's eligible transactions over a time period. The system may comprise: (i) a database storing information about the client's transactions; and (ii) one or more processors in communication with the database. The processor(s) is programmed to determine the client's brokerage commission by: (i) calculating the cumulative PV of transactions made by the client through the brokerage firm over a time period; and (ii) calculating the commission for a billing time period based on the calculated cumulative PV. The applicable commission may be determined based on a tiered marginal commission rate schedule.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.