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

Planning1.00
Natural language0.41
Evolutionary computation0.16
Machine learning0.08
Knowledge representation0.01
AI hardware0.00
Vision0.00
Speech0.00

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.

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