METHODS, SYSTEMS, AND COMPUTER PROGRAM PRODUCTS FOR OBTAINING BEST EXECUTION OF ORDERS TO BUY OR SELL A FINANCIAL INSTRUMENT FOR WHICH A NET ASSET VALUE IS PERIODICALLY CALCULATED
Patent №
US 8,306,901
Granted
2012-11-06
Filed 2009
Owner
MANAGED ETFS LLC
+2 more
Lab
—
AI components
1
planning
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
12425044
The present invention uses new order entry types (formats) and new order management methods to meet the order and transaction management needs of investors, traders, brokers, market makers and service providers for institutional traders for transactions in NAV Instruments by integrating the implementation of trades when conventional markets and NAV-based trading markets operate contemporaneously. Among other features, the invention provides methods and computer systems for determining the appropriate nature, size, sequence and latency of orders to be entered into alternative trading venues to improve executions.
AI classification
Ownership
MANAGED ETFS LLC
assignment · 225560531
EV ETFS LLC
assignment · 262650001
NAVIGATE FUND SOLUTIONS LLC
assignment · 290770537
Assignors
GASTINEAU, GARY L, BROMS, TODD J
On an employer assignment, the assignors are typically the inventors.