Patent ID: 7580875
Filing Date: 2009-08-25
Classification: G06Q

Abstract:
1. An investment system including computer hardware and computer software for enabling a plurality of investors to selectively buy and sell interests in each of a plurality of different individual securities traded on at least one financial market comprising: a programmed computerized data processing system having at least one central processing unit for performing data processing operations, storage devices, databases, and communications interfaces; a plurality of accounts, stored and processed by the programmed computerized data processing system, for which the plurality of investors buy and sell the interests in the plurality of securities, each of the accounts corresponding to at least one of the plurality of investors; and a graphical user interface for the plurality of investors to create and manage their at least one corresponding account, the programmed computerized data processing system performs data processing operations such that, for each of the plurality of individual securities, interests in the security which are bought or sold by the at least one investor correspond to a fractionalized market unit of the security, and the programmed computerized data processing system performing data processing operations for: (a) accepting and executing individual orders from investors containing instruction to buy, to sell, or to both buy and sell the interests in a plurality of different individual securities; (b) accepting individual orders containing a plurality of limit requests, monitoring each conditional event specified by the investor for each said limit request, and independently triggering the purchase or sale of securities, as instructed by the investor with each said limit request, after the conditional event specified by the investor for each said limit request has been met, or if the conditions are not met by a specified period of time, either cancelling any unfulfilled limit requests, converting unfulfilled limit requests to non-limit requests and executing them on behalf of the investor, or allowing any unfulfilled limit requests to remain pending for an additional specified period of time; and (c) accepting individual orders containing at least one limit request applied to a plurality of different individual securities, monitoring the conditional event specified by the investor for each said limit request and triggering the purchase or sale of the plurality of securities, as instructed by the investor in the limit request, after the conditional event specified by the investor in the limit request has been met, or if the conditions are not met by a specified period of time, either cancelling any unfulfilled limit requests, converting unfulfilled limit requests to non-limit requests and executing them on behalf of the investor, or allowing any unfulfilled limit requests to remain pending for an additional specified period of time.