ETF Trading in Secondary Market Based on Underlying Basket

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20100174664A1
SERIAL NO

12651976

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A trading system enables investors to execute trades electronically on exchange at prices that are chosen in consideration of the derivative nature of ETFs as a portfolio of securities or other financial instruments. In addition to measuring liquidity in the ETF itself on exchange, the trading system analyzes the liquidity of the ETF's underlying portfolio to understand the liquidity that is available to investors in the ETF through the creation/redemption process. By monitoring the bid/ask spread of both the ETF and the underlying portfolio in real time, the trading system enables investors to leverage the full potential liquidity of ETFs. The trading system can be used to manage the data and pricing infrastructure for identifying these liquidity replenishment points and to make these prices actionable for investors.

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Patent Owner(s)

Patent OwnerAddress
BLACKROCK FUND ADVISORS400 HOWARD STREET SAN FRANCISCO CA 94105

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Clemons, Leland C San Francisco, US 1 23
Feinberg, Cole B San Francisco, US 1 23
Kelly, Tony E Walnut Creek, US 3 55

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