发明名称 |
COMMUNICATION NETWORK BASED SYSTEM AND METHOD FOR AUCTIONINGSHARES ON AN INVESTMENT PRODUCT |
摘要 |
<p>A communication network based system and method for auctioning shares of investment product is disclosed. The investment product is opened for auctio n and a server system (110) receives and stores bids from a plurality of bidde rs (100-1, 100-2, 100-N). The bids preferably comprise a bid price per share an d the number of shares bid. The server system (110) preferably determines winning bidders by successively determining the highest bidder and reduces t he total number of available shares to be distributed by the number of shares b id by the highest bidder. Once all of the available shares have been allocated to the winning bidders, the investment product shares are redeemed at the net asset value reflecting a hurdle rate. Each of the wining bidders is receives a return equal to the different between the net asset value and the respective winning bidder's bid price per share multiplied by the number of shares bid by each respective winning bidder.</p> |
申请公布号 |
CA2421764(A1) |
申请公布日期 |
2002.04.04 |
申请号 |
CA20012421764 |
申请日期 |
2001.09.21 |
申请人 |
PODSIADLO, EUGENE LAWRENCE |
发明人 |
PODSIADLO, EUGENE LAWRENCE |
分类号 |
G06Q30/00;(IPC1-7):G06F17/60 |
主分类号 |
G06Q30/00 |
代理机构 |
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代理人 |
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主权项 |
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地址 |
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