Patent ID: 8229809
Filing Date: 2012-07-24
Classification: G06Q

Abstract:
1. A computer system for management of data in funds holding financial investments, comprising: a processor; a memory storage device in communication with the processor; the processor configured to perform the following steps on a business day cycle: access a memory storage device having fund expense calculation data, perform verification of the fund expense calculation data and store in one of the memory storage devices verified fund expense data, and store at least a portion of the verified fund expense data in fund expense accounting journals; after completion of verification of the expense calculation data; receive data indicative of prices of the funds, perform verification with respect to the received price data, store the verified price data in one or more of the memory storage devices, and store at least a portion of the verified price data in fund price accounting journals; after completion of verification of the fund price data, receive data indicative of trades, perform verification on the received trade data, store verified trade data in at least one of the memory devices, and store at least a portion of the verified trade data in trade accounting journals; after completion of verification of the trade data, provide output signals indicative of instructions for execution of trades consistent with the verified price and trade data, and store at least a portion of the trade execution instructions data in trade instructions accounting journals; based on the trade instructions data, determine instructions for payment in settlement of trades, provide output signals indicative of the instructions for payment in settlement of trades, and store data comprising at least a portion of the instructions for payment in settlement of trades in settlement accounting journals; and access accounting ledgers stored in one or more of the memory storage devices and update the accounting ledgers with data from the accounting journals.