Trading related to fund compositions

US8712903B2 · kind B2 · utility

Assignee

• CFPH, LLC · US

Inventors

• Howard W. Lutnick · New York, US
• Dean P. Alderucci · Westport, US
• Andrew Fishkind · New York, US
• Brian L. Gay · New York, US
• Kevin Foley · New York, US
• Mark Miller · New York, US
• Charles Plott · Pasadena, US

Key dates

• Filing date: Sep 25, 2008
• Grant date: Apr 29, 2014
• Expiry date: Oct 22, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An electronic marketplace uses a fund composition to guide trading opportunities. Mutual funds typically have a target composition of financial instruments. When prices change for constituents of such a mutual fund, the fund typically needs to rebalance in order to maintain a desired composition. A marketplace that understands the target composition and the movement in prices targets trading opportunities to a fund in a more tailored manner than a traditional marketplace.