Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Electronic shopping
Reexamination Certificate
2005-09-20
2005-09-20
Millin, Vincent (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Electronic shopping
C705S035000, 36
Reexamination Certificate
active
06947901
ABSTRACT:
A first equity instrument which represents an ownership interest in a portfolio of stocks. The portfolio of stocks is a subset of a larger portfolio of stocks, which also has a corresponding second equity instrument representing an ownership interest in the larger portfolio of stocks. The weight of each stock in the smaller portfolio is substantially similar to its weight in the larger portfolio, divided by the combined weight of the smaller portfolio within the larger portfolio. Thus, trading in the equity instrument allows one to maintain the relative proportions of the stocks belonging to the smaller portfolio, in the larger portfolio without having to trade the individual stocks comprising the smaller portfolio.
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About Selector sector SPDRs (www.spdrindex.com).
Lau et al., “Trading of NASDAQ stocks on the Chicago stock exchange”, The Journal of Financial Reasearch. vol. XIX, No. 4, pp. 579-584 (Winter 1996).
McCabe Daniel J.
Mulheren John A.
Felten Daniel
Hunter IP LLC
Millin Vincent
Womble Carlyle
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