System and method for charging trading commissions for brokerage accounts based on principal of trades
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United States of America Patent
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Jul 30, 2013
Grant Date -
Dec 31, 2009
app pub date -
Jun 30, 2008
filing date -
Jun 30, 2008
priority date (Note) -
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status (Latency Note)
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Abstract
Systems and methods for determining a brokerage commission owed by a client of a brokerage firm based on the principal volume (“PV”) of the client's eligible transactions over a time period. The system may comprise: (i) a database storing information about the client's transactions; and (ii) one or more processors in communication with the database. The processor(s) is programmed to determine the client's brokerage commission by: (i) calculating the cumulative PV of transactions made by the client through the brokerage firm over a time period; and (ii) calculating the commission for a billing time period based on the calculated cumulative PV. The applicable commission may be determined based on a tiered marginal commission rate schedule.
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