Method of computerized monitoring of investment trading and associated system
a technology of investment trading and computerized monitoring, applied in the field of method and associated system for computerized monitoring of investment trading, can solve the problems of increasing the transaction cost of mutual funds, affecting other investors, and affecting other investors, and achieves the effect of accurately, efficiently and promptly monitoring selected trading parameters
Inactive Publication Date: 2012-09-27
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- Description
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AI Technical Summary
Benefits of technology
Enables rapid, efficient, and accurate monitoring of trading activities to prevent market timing and late trading, reducing transaction costs and ensuring fair returns for all investors by promptly identifying and addressing rule violations.
Problems solved by technology
More specifically, numerous instances of improper conduct have resulted from “market timing” in the trading of mutual funds.
The frequency of such transactions has reached the point in many instances of being burdensome to the mutual fund.
Also, the increased trading volume increases the mutual fund's transaction costs.
This results in other investors being hurt as the market timing traders prevent the mutual fund from doing the most efficient job of maximizing the return for all investors.
Method used
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[0018]As employed herein, the term “investments” shall expressly include, but not be limited to, mutual funds, common and preferred shares of stock, whether listed on an exchange or not, high-yield corporate bonds and high-grade corporate bonds, municipal bonds, United States bills, notes and bonds, mortgage-related investments and short-term securities such as commercial paper, banker's acceptances, repurchase agreements and supporting currencies.
[0019]As employed herein, the term “trading parameters” means one or more units of information relevant to investment trading in one or more investment products and shall expressly include, but not be limited to, transaction date, transaction time, price, product identity, trader identity, investment identity, trading volume and investment price history.
[0020]As employed herein, the term “historic trading data” means as to a specific trader, specific details regarding the trading record of that trader in respect of both sales and purchases...
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A method of computerized monitoring of investment trading includes providing historic trading data for a specific trader, selecting a plurality of trading parameters for the specific trader and obtaining current information regarding the selected parameters, and / or providing historic trading data and applying rules to the current information and / or historic trading data to determine if behavior of interest which may involve a rules violation, a departure from the rules which is not technically a violation or a potential departure from the rules which might make desirable further investigation has occurred. The system may be employed to monitor whether market timing of mutual fund investments has occurred. A corresponding computerized system is disclosed.
Description
CROSS-REFERENCE TO RELATED APPLICATION[0001]The present application is a continuation in part of U.S. application Ser. No. ______ filed Jun. 3, 2004, entitled A METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM which in turn claims the benefit of U.S. Provisional Application Ser. No. 60 / 564,848 entitled “A METHOD OF COMPUTERIZED MONITORING OF INVESTMENT TRADING AND ASSOCIATED SYSTEM” filed Apr. 23, 2004.BACKGROUND OF THE INVENTION[0002]1. Field of the Invention[0003]The present invention relates to a method and associated system for computerized monitoring of investment trading and more specifically it relates to a system which as to a specific trader and a specific investment obtains current information regarding selected trading parameters and compares it with historic trading data regarding the same and applies rules to determine if a departure from the rules has occurred.[0004]2. Description of the Prior Art[0005]It has long been known to employ compu...
Claims
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IPC IPC(8): G06Q40/04G06Q40/00
CPCG06Q10/063G06Q10/0639G06Q40/06G06Q40/04G06Q40/02
Inventor CAMPBELL, DAVID H.
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