SYSTEM AND METHOD FOR INTRA-DAY PRICING OF MUTUAL FUNDS

摘要

A computer-implemented method for facilitating the purchase and sale of shares in an open-ended mutual fund, in a single or plurality of different currencies, during a trading day when assets held by the mutual fund fluctuate in value as the assets trade on one or more exchanges. The trading day is divided into a plurality of pricing cycles. A net asset value, for a single or plurality of different currencies is received wherein the net asset value is associated with each share in the fund based on the values at which individual assets held in the fund traded on one or more exchanges immediately prior to the end of the pricing cycle and the number of shares purchased from the fund and redeemed by the fund during the prior pricing cycle. The number of shares associated with the trade is posted during a subsequent trading cycle and one or more reports are displayed immediately after posting the share value. Outstanding shares and available balances for shareholder accounts are produced at the end of the pricing cycle.