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:
May. 28, 2013
Filed:
Jan. 27, 2012
Gary L. Gastineau, Short Hills, NJ (US);
Todd J. Broms, New York, NY (US);
Gary L. Gastineau, Short Hills, NJ (US);
Todd J. Broms, New York, NY (US);
Navigate Fund Solutions LLC, Boston, MA (US);
Abstract
A system, method and computer product for providing risk information and cost estimation tools to traders in exchange-traded fund shares. The disclosed processes develop, calculate, and publish supplemental information using confidential fund data to support trading in exchange-traded funds with portfolios that are not totally transparent and that use portfolio composition files that are not identical to the fund portfolios. The supplementary trading information preserves fund portfolio confidentiality while permitting market makers and other traders in these non-transparent exchange-traded funds to estimate the costs and risks associated with fund creation and redemption transactions of various sizes.