Invention Grant
- Patent Title: Computerized method for generating and maintaining a leveraged or reverse exchange traded product
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Application No.: US12924675Application Date: 2010-10-01
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Publication No.: US08271371B2Publication Date: 2012-09-18
- Inventor: Elliot Noma
- Applicant: Elliot Noma
- Applicant Address: US NY New York
- Assignee: Garrett Asset Management, LLC.
- Current Assignee: Garrett Asset Management, LLC.
- Current Assignee Address: US NY New York
- Agency: Davidson, Davidson & Kappel, LLC.
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
A computer implemented method for maintaining a leveraged or reverse exchange traded product is provided which includes electronically monitoring, with a computer, a change in value of a product sold on an exchange, ECN, or ATS; and calculating, with a computer, a leverage ratio, wherein the leverage ratio is dg(r)/dr=c(1+r)c−1, and wherein r is a current cumulative return of the product during a current trading day, and c is a constant, and wherein the leverage ratio is equal to the number of underlying shares required to provide the target return with respect to one share of the product.
Public/Granted literature
- US20120084229A1 Computerized method for generating and maintaining a leveraged or reverse exchange traded product Public/Granted day:2012-04-05
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