System and method for assigning responsibility for trade...

Details System and method for assigning responsibility for trade... System and method for assigning responsibility for trade...

2010-08-03

2010-12-21

Havan, Thu Thao (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S038000

Reexamination Certificate

active

07856396

ABSTRACT:
An embodiment of the present invention provides a system and method for a sponsoring organization to: (1) utilize a rules-based computer system to capture trade orders from sub-advisors (money management firms) in order to implement a pre trade compliance review process, thereby enabling the sponsoring organization to prevent the execution of trade orders by a sub advisor that violates securities laws and/or account restrictions; and (2) determine and assign, based on expected market impact of a trade order to buy or sell securities, whether responsibility (discretion over the decisions related to how, when and with whom a trade order is executed) for executing the trade order is assigned to the money management firm for an investment portfolio or to the sponsoring organization of that portfolio. Trade orders are categorized in real-time as “high touch” (significant effort and market impact) or “low touch” (insignificant effort and market impact).

REFERENCES:
patent: 5136501 (1992-08-01), Silverman et al.
patent: 6947901 (2005-09-01), McCabe et al.
patent: 2003/0120574 (2003-06-01), Wallman
patent: 2006/0080199 (2006-04-01), Tarbox et al.

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