Patent ID: 8645256
Filing Date: 2014-02-04
Classification: G06Q

Abstract:
1. Non-transitory computer-readable storage media encoded with a computer program including instructions executable by a processor to create an application comprising: a. instructions for selecting a universe of securities or receiving input indicating a universe of securities; b. instructions for selecting one or more security risk factor metrics or receiving input indicating one or more security risk factor metrics; c. instructions for creating an index, the index comprising a plurality of member securities selected from the universe of securities, each member security having a weight in the index; provided that selection of member securities and the weight in the index of each member security is determined by applying one or more data transformations to the one or more security risk factor metrics for each security in the universe of securities, to increase risk factor exposure, according to the following formula: wherein i is a given security, wherein w is the weight of a security in the index, wherein m is a security risk factor metric, wherein n is the number of member securities in an index, wherein f(m) wherein f(m) wherein f(m) and wherein * is a mathematical operation to be performed on transformed security risk factor metrics; and d. instructions for maintaining the index at periodic time intervals, wherein maintaining comprises: adjusting weightings of index members based upon dividing said one or more data transformations by the sum of said one or more data transformations for all said index members;