COMPUTER-BASED AGGREGATED SECURITIES INVESTMENT SERVICE
4 Assignments
0 Petitions
Accused Products
Abstract
A computer-based aggregated security investment service interacts with one or more customers via one or more communication links. The service allows multiple customers to execute aggregated purchase orders of securities in dollar increments. Customers setting up accounts have the ability to select numerous different types of individual, joint, conventional, or tax advantaged accounts. The present invention also provides a mechanism for reducing the exposure of the investment service to purchases of securities with fluctuating prices by staggering share purchases as two or more sub-orders. Finally, the present invention provides a method of producing customized communications for users associated with a non-affiliated organization without requiring separate hardware components for each organization.
22 Citations
16 Claims
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1-11. -11. (canceled)
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12. A method of executing an aggregated securities order in a computer-based aggregated securities investment service, including the acts of:
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pooling assets to purchase a security; determining a current selling price of the security; determining a number of units of the security to purchase based on the size of the asset pool and the current selling price; generating an order for the number of units of the security; dividing the order into a number of sub-orders, each of which are executed to purchase securities with the money in the asset pool. - View Dependent Claims (13, 14)
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15. A system for allowing users to purchase dollar-based securities over the Internet comprising:
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one or more computers accessed by users over the Internet that are programmed to allow the users to set up accounts, request period purchases of securities in specific dollar amounts and provide statements to the users of their account positions; one or more databases that store information about the users including dates on which securities are to be purchased, the one or more computers being programmed to scan the one or more databases and create an aggregated order for a security with a combined asset pool with money from each user wishing to buy the security, the one or more computers dividing the aggregated order into a variable number of sub-orders to purchase the security with the asset pool. - View Dependent Claims (16)
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Specification