Money market exchange traded funds
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United States of America Patent
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N/A
Issued Date -
Aug 25, 2005
app pub date -
Feb 18, 2005
filing date -
Feb 24, 2004
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
The invention provides money market exchange traded funds (MMETFS) and methods to allow trading of money market funds on an exchange. The invention includes a new settlement method for the money market exchange traded funds that allows creation and redemption of MMETFs on the primary market as well as settlement on the secondary market on a shortened timescale relative to other exchange-traded securities.
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