Patent ID: 8131632
Filing Date: 2012-03-06
Classification: G06Q

Abstract:
1. A method for administering a multi-basket exchange traded fund (ETF), comprising: receiving in a computer system information specifying a creation basket of assets and a redemption basket of assets, wherein the redemption basket and the creation basket specify different assets; storing an electronic portfolio composition file on a non-transitory computer readable medium by the computing system, the portfolio composition file identifying the specified creation basket of assets and the specified redemption basket of assets; electronically receiving in a trading system a creation request from a first authorized participant; responsive to the creation request, initiating an ETF creation transaction on a primary market by the trading system, the ETF creation transaction providing shares of the ETF from a fund advisor to the first authorized participant in exchange for the assets in the creation basket specified in the portfolio composition file; electronically receiving a redemption request from a second authorized participant at the trading system; and responsive to the redemption request, initiating an ETF redemption transaction on the primary market by the trading system, the ETF redemption transaction providing the assets in the redemption basket specified in the portfolio composition file to the second authorized participant in exchange for shares of the ETF.