Gail D Knudsen

US Patent:

20060100955, May 11, 2006

Filed:

Sep 21, 2005

Appl. No.:

11/232571

Inventors:

Ronald Baldassini - Braintree MA, US
Paul Murphy - Boston MA, US
Kirk Cleathero - Norton MA, US
Ian Johnson - Westborough MA, US
Chip Russo - Northborough MA, US
Timothy Hanifin - Wayland MA, US
Gail Knudsen - Norwell MA, US
James Boucher - Stow MA, US

International Classification:

G06Q 40/00

US Classification:

705037000, 705035000

Abstract:

An accounting system allows posting transactions to a general ledger of an Exchange Traded Fund. The accounting system includes a computer-assisted process that nets subscription and redemption orders that occurred over a particular time (e.g., one day) and records a transfer of securities into or out of the fund based on the net of the subscription and redemption orders.