Method and system for securities pool allocation

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United States of America Patent

PATENT NO 5563783
SERIAL NO

08416493

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Abstract

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Trading in pooled securities (e.g., pooled mortgages) requires allocation of securities from pools to contracts subject to certain rules or constraints. To improve upon manual allocation procedures, computer techniques for fast and profitable allocation have been developed. Advantageously, a locally optimal allocation can be found by a rule-based greedy algorithm, and the locally optimal allocation can be improved upon further by a simulated annealing technique which is more likely to produce a globally optimal allocation.

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Patent Owner(s)

Patent OwnerAddress
THE TRUSTEES OF COLUMBIA UNIVERSITY IN THE CITY OF NEW YORKUSA NEW YORK NEW YORK

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Pinsky, Eugene Brookline, MA 1 268
Stolfo, Salvatore J Ridgewood, NJ 127 12287
Yemini, Yechiam Briarcliff Manor, NY 32 2822

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