Open end mutual fund securitization process

  • US 7,698,192 B2
  • Filed: 04/20/2001
  • Issued: 04/13/2010
  • Est. Priority Date: 10/12/1995
  • Status: Expired due to Fees
First Claim
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1. A computer system for creating a leveraged exchange traded product comprising a leveraged portfolio of securities, the system comprising:

  • a computer memory comprising a set of user defined criteria and a computer database containing data representing characteristics of a plurality of securities; and

    ,a processor for selecting at least two of the securities for inclusion in the leveraged exchange traded product based on market capitalization data contained in the database, the processor weighting the selected securities within the exchange traded product based on the set of user defined criteria;

    wherein the leveraged exchange traded product is configured for trading of shares of the leveraged exchange traded product at a real time determined price of the shares related to the underlying price of each of the selected securities comprising the leveraged exchange traded product and related to the respective weightings of the selected securities.

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