PATENT CLAIM ANALYSIS

Application Number: 16039426
Application Type: Utility
Filing Date: 2018-07
Publication Date: 2018-11
Patent Classification: ["705", "035000"]

Abstract:
Embodiments include systems and methods for initiating and completing transactions related to actively managed exchange traded funds (AMETFs). In some embodiments, the identities of securities in a first set of securities are publicly disclosed, and a valuation for the first set of securities is generated based on a second set of securities. In some embodiments, the second set of securities may have the same identities as those of the first set of securities. In some embodiments, the second set of securities has weightings configured such that the second set of securities overlaps the first set of securities by a threshold amount. In some embodiments, the second set of securities includes a disclosed basket of products that make up a portfolio but that disguises weightings. Transactions may be initiated and completed based on the valuation of the first set of securities as determined by the second set of securities.

Claim (Index 1):
A computer-implemented system for improved initiation of transactions in a first set of securities comprising:\n a first computer system having non-transitory memory storing computer software and at least one processor executing the computer software; and a second computer system having non-transitory memory storing computer software and at least one processor executing the computer software, wherein the second computer system is communicatively coupled to the first computer system, wherein the first computer system is further configured to:\n publicly disclose a first set of identities associated with the first set of securities, the first set of securities further comprises a first set of weightings not publicly disclosed, and \n wherein the second computer system is further configured to:\n determine, based on the public disclosure of the first set of identities, a second set of securities having a second set of identities and a second set of weightings, \n generate, based on the determined second set of securities, a valuation for the first set of securities by applying prices corresponding to the second set of identities received from a quote feed associated with the second set of identities in accordance with respective weightings of the second set of identities as indicated by the second set of weightings; and \n automatically initiate at least one transaction via the first computer system related to the first set of securities based on the generated valuation, \n the first computer system being further configured to:\n complete at least one transaction involving one or more securities in the first set of securities in response to the initiated at least one transaction.

Metadata:
- Claim Count in Document: 44.0
- Percentile: 95.0
- Lexical Diversity: 2.36765
- Patent Class: 705.0
- Transitional Phrase Type: open
- Component Type: 1
- Foreign Priority: False
- Related Applications: ['10753069', '12198003', '12255518', '11141243', '12538421']

Analysis Scores:
- 35 USC 101 Eligibility (BERT): 0.1738731781518482
- 35 USC 102 Novelty (BERT): 0.5849235435296158
- Combined Prediction Score: 0.214978214689625
- Mean Citation Score: 499.79123
- Max Citation Score: 594.064
- Similarity Product: 410.2026562318802

Labels:
- Claim Label 101: 1
- Claim Label 102: 1
- Claim Label 103: 0
- Claim Label 112: 1
- Combined Label: 1
- Label 101 Adjusted: 1

Dataset: test