Patents by Inventor Michael S. Spector
Michael S. Spector has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 7983985Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g.Type: GrantFiled: October 5, 2010Date of Patent: July 19, 2011Assignee: The NASDAQ OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7983983Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: March 16, 2010Date of Patent: July 19, 2011Assignee: The NASDAQ OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20110022511Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g.Type: ApplicationFiled: October 5, 2010Publication date: January 27, 2011Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20100262529Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: ApplicationFiled: March 16, 2010Publication date: October 14, 2010Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7813992Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: November 14, 2001Date of Patent: October 12, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7809627Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g.Type: GrantFiled: February 15, 2002Date of Patent: October 5, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L Jacobs
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Patent number: 7680725Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: July 20, 2007Date of Patent: March 16, 2010Assignee: The NASDAQ OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20080120252Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: ApplicationFiled: July 20, 2007Publication date: May 22, 2008Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7249086Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: January 11, 2001Date of Patent: July 24, 2007Assignee: The Nasdaq Stock Market, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20030093350Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g.Type: ApplicationFiled: February 15, 2002Publication date: May 15, 2003Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20030093349Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: ApplicationFiled: November 14, 2001Publication date: May 15, 2003Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Publication number: 20020091616Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: ApplicationFiled: January 11, 2001Publication date: July 11, 2002Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
