Invention Grant
- Patent Title: System and method for automated trade replication trade bundling and detachment
-
Application No.: US16240326Application Date: 2019-01-04
-
Publication No.: US11216876B2Publication Date: 2022-01-04
- Inventor: Joseph Fox , Brian Lund , David Hoak , Steve Mann , Cedric Charles , Adan Romero
- Applicant: Lawrence J. Wert , Richard D. Kincaid , James O. Myers
- Applicant Address: US IL Chicago; US IL Chicago; US IL Chicago
- Assignee: Lawrence J. Wert,Richard D. Kincaid,James O. Myers
- Current Assignee: Lawrence J. Wert,Richard D. Kincaid,James O. Myers
- Current Assignee Address: US IL Chicago; US IL Chicago; US IL Chicago
- Agency: Akerman LLP
- Main IPC: G06Q40/04
- IPC: G06Q40/04 ; G06Q30/06

Abstract:
A system and method for automated securities trading is provided. The system includes a lead trader account database, a follower account database, and a trade determination system. Trade information is received from a lead trader and a listing of followers for the lead trader is retrieved from the lead account database. For each follower, their account at the follower account database is accessed to confirm that they desire to participate in the lead trader's trade and that they have enough funds to do so. The lead trader and follower's traders are then grouped together and traded as a single trade. The traded shares are then provided to the lead trader and followers at the average price of the trade.
Public/Granted literature
- US20190139139A1 SYSTEM AND METHOD FOR AUTOMATED TRADE REPLICATION TRADE BUNDLING AND DETACHMENT Public/Granted day:2019-05-09
Information query