Non-scalar-valued financial instruments
First Claim
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1. A method for trading financial instruments, the method comprising:
- a. providing a database stored on one or more computer readable media and accessible by one or more computers comprising data for one or more traders including for each respective trader;
i. a trading value of currency authorized to be traded by the respective trader;
ii. a training value of currency authorized to be traded by the respective trader; and
iii. an absolute value of currency authorized to be traded by the respective trader wherein the absolute value is a function of the trading value of currency associated with the respective trader and the training value of currency associated with the respective trader;
b. sending from the one or more computer systems to a trader system associated with the respective trader the absolute value of currency associated with the respective trader;
c. receiving from the trader system at the one or more computer systems a first financial trade to be performed;
d. authorizing by the one or more computer systems the first financial trade to be performed based on at least the first trade value of the first financial trade being less than or equal to the absolute value for the respective trader;
e. determining by the one or more computer systems a first actual trade value of the first financial trade as a function of the first trade value, the absolute value for the respective trader, and at least one of the training value for the respective trader and the trading value for the respective trader;
f. authorizing by the one or more computer systems an actual financial transaction associated with the financial trade in the amount of the first actual trade value;
g. executing or having executed the actual financial transaction in the value of the first actual trade value;
h. sending to the trader system confirmation of a hypothetical financial trade in the amount of the first trade value; and
i. sending to a manager system a report comprising the financial trade in the amount of the actual trade.
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Abstract
A method and system is disclosed for creating and using non-scalar valued financial instruments. The method and system addresses the problems caused by limited the value of financial instruments to scalar quantities. Applications of the method and system include recreation, education, therapeutic intervention, and finance.
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Citations
1 Claim
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1. A method for trading financial instruments, the method comprising:
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a. providing a database stored on one or more computer readable media and accessible by one or more computers comprising data for one or more traders including for each respective trader; i. a trading value of currency authorized to be traded by the respective trader; ii. a training value of currency authorized to be traded by the respective trader; and iii. an absolute value of currency authorized to be traded by the respective trader wherein the absolute value is a function of the trading value of currency associated with the respective trader and the training value of currency associated with the respective trader; b. sending from the one or more computer systems to a trader system associated with the respective trader the absolute value of currency associated with the respective trader; c. receiving from the trader system at the one or more computer systems a first financial trade to be performed; d. authorizing by the one or more computer systems the first financial trade to be performed based on at least the first trade value of the first financial trade being less than or equal to the absolute value for the respective trader; e. determining by the one or more computer systems a first actual trade value of the first financial trade as a function of the first trade value, the absolute value for the respective trader, and at least one of the training value for the respective trader and the trading value for the respective trader; f. authorizing by the one or more computer systems an actual financial transaction associated with the financial trade in the amount of the first actual trade value; g. executing or having executed the actual financial transaction in the value of the first actual trade value; h. sending to the trader system confirmation of a hypothetical financial trade in the amount of the first trade value; and i. sending to a manager system a report comprising the financial trade in the amount of the actual trade.
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Specification