System and method for managing and executing event based investments
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Jul 4, 2002
app pub date -
Sep 19, 2001
filing date -
Sep 19, 2000
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
One aspect of the present invention is a method of event-based investing in which a portfolio of securities having a value that is expected to vary in accordance with possible outcomes of a specific event is established. Buy orders and sell orders for units of the portfolio are received. The buy and sell orders of the portfolio are pooled to determine a net number of portfolio units to be bought or sold, and then purchase or sale of a set of securities corresponding to the net number of portfolio units is initiated. Another aspect of the present invention is a server system for managing and executing event based investments. The server system includes first, second and third sets of servers, with communications to the second set of servers being guarded by a first firewall and communications to the third set of servers being guarded by a second firewall. The first set of servers exchange messages with client computers, including receiving buy orders and sell orders for units of a defined portfolio of securities. The second set of servers receive messages from the first set of servers and integrate database information with the messages from the first set of servers. The third set of servers performs financial transactions in accordance with the buy and sell orders.
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