Invention Grant
- Patent Title: Balancing arbitragable tracking securities
- Patent Title (中): 平衡可仲裁跟踪证券
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Application No.: US10001900Application Date: 2001-11-14
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Publication No.: US07813992B2Publication Date: 2010-10-12
- Inventor: Steven M. Bloom , Michael S. Spector , John L. Jacobs
- Applicant: Steven M. Bloom , Michael S. Spector , John L. Jacobs
- Applicant Address: US MD Rockville
- Assignee: The Nasdaq OMX Group, Inc.
- Current Assignee: The Nasdaq OMX Group, Inc.
- Current Assignee Address: US MD Rockville
- Agency: Fish & Richardson P.C.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.
Public/Granted literature
- US20030093349A1 Balancing arbitragable tracking securities Public/Granted day:2003-05-15
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