Patent ID: 6088685
Filing Date: 2000-07-11
Classification: G06Q

Abstract:
An electronic data processing method for administering a financial product having a known number of shares over a predetermined period of time, which financial product is traded as a security the price of which is determined on the basis of information about one or more securities, comprising:a) directing a computer processor to select from said one or more securities a selected portfolio of securities based upon a predefined criteria;b) receiving information on each of said one or more securities in the selected portfolio in an electronic data format;c) storing at least the received information on each security in the selected portfolio in a computer memory;d) electronically processing said stored information to determine in real time the price of the financial product on the basis of a user-defined method of weighting the selected portfolio of securities; ande) outputting an indication of the determined in real time price of the financial product in humanly readable format.