Ian Michael Johnson

US Patent:

8073757, Dec 6, 2011

Filed:

Sep 21, 2005

Appl. No.:

11/232571

Inventors:

Ronald Baldassini - Braintree MA, US
Paul M. 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

Assignee:

FMR LLC - Boston MA

International Classification:

G06Q 40/00

US Classification:

705 36R, 705 36 T, 705 35

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.

US Patent:

8117108, Feb 14, 2012

Filed:

Jun 9, 2006

Appl. No.:

11/449954

Inventors:

Ian P. Johnson - Westborough MA, US
Stuart Evan Fross - Concord MA, US
Ralph Joseph Wolf - Lunenburg MA, US
Brian Walters - Holliston MA, US

Assignee:

FMR LLC - Boston MA

International Classification:

G06Q 40/00

US Classification:

705 37, 705 36 R, 705 2635, 705 38, 705 32, 705 80

Abstract:

Among other things, receiving public information about an actively managed fund, selecting a group of financial assets, determining a group of weights corresponding to the group of financial assets thereby determining a weighted group of financial assets, the weights being determined based only on the public information, and publishing the contents of the weighted group of financial assets, wherein an expected valuation of the weighted group of financial assets is within a threshold percentage of an expected valuation of the actively managed fund.

US Patent:

20070239584, Oct 11, 2007

Filed:

Apr 7, 2006

Appl. No.:

11/401497

Inventors:

Stuart Fross - Concord MA, US
Ian Johnson - Westborough MA, US

International Classification:

G06Q 40/00

US Classification:

70503600R

Abstract:

Selling exchange-traded fund (“ETF”) shares by an investment company receiving a pre-determined group of financial assets from an authorized participant in exchange for a number of ETF shares, the number of ETF shares corresponding to the group of financial assets, and the investment company purchasing a number of shares of an underlying fund, the number of shares corresponding to the group of financial assets. Redeeming ETF shares with an investment company holding a number of shares of an underlying fund by receiving ETF shares from an authorized participant, and redeeming the number of shares of the underlying fund for a first group of financial assets; obtaining a second group of financial assets; and transferring the second group of financial assets to the authorized participant.

US Patent:

20120005123, Jan 5, 2012

Filed:

Sep 15, 2011

Appl. No.:

13/233228

Inventors:

Stuart Evan Fross - Boston MA, US
Ian P. Johnson - Westborough MA, US

International Classification:

G06Q 40/00

US Classification:

705 36 T, 705 37

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.

US Patent:

20120143785, Jun 7, 2012

Filed:

Feb 10, 2012

Appl. No.:

13/370492

Inventors:

Ian P. Johnson - Westborough MA, US
Stuart Evan Fross - Concord MA, US
Ralph Joseph Wolf - Lunenburg MA, US
Brian Walters - Holliston MA, US

International Classification:

G06Q 40/06
G06Q 40/04

US Classification:

705 36 R

Abstract:

Among other things, receiving public information about an actively managed fund, selecting a group of financial assets, determining a group of weights corresponding to the group of financial assets thereby determining a weighted group of financial assets, the weights being determined based only on the public information, and publishing the contents of the weighted group of financial assets, wherein an expected valuation of the weighted group of financial assets is within a threshold percentage of an expected valuation of the actively managed fund.

US Patent:

20170200228, Jul 13, 2017

Filed:

Dec 16, 2016

Appl. No.:

15/382528

Inventors:

- Boston MA, US
Ralph Joseph Wolf - Lunenburg MA, US
Ian P. Johnson - Westborough MA, US

International Classification:

G06Q 40/04

Abstract:

The Multichannel Exchange Mechanism Apparatuses, Methods and Systems (“MEM”) transforms user share purchase, redemption request inputs, via MEM components (e.g., Basket Creation, Basket Redemption, Share issuance, NAV Calculation, Share Calculation, Order Execution, CTF Structure Initiation, Pricing Discovery, Tighten Spread, Master-Feeder, etc.), into fund share transaction records, closed-end fund share transaction records outputs. In one embodiment, MEM includes an creating exchange determining apparatus, comprising a memory, a component collection in the memory, and a processor disposed in communication with the memory, and configured to issue a plurality of processing instructions from the component collection. The MEM includes instructions to determine by one or more computers a group of financial assets that includes securities to have a net performance of the group corresponding to a net performance of an underlying actively managed mutual fund, where the group of financial assets is sufficiently distinct from the portfolio of securities of the underlying fund so that publicly describing the group of financial assets does not reveal the portfolio of securities of the underlying actively managed mutual fund. The MEM also includes instructions to calculate, by one or more computers, an amount of the determined group of financial assets to have a value of the determined group of financial assets equate to a number of shares in an exchange traded fund. The MEM includes instructions to receive by an order processing module via a web-based interface a request to purchase shares in the exchange traded fund. The MEM includes instructions to record receipt by an investment company of the calculated amount of the determined group of financial assets received from an authorized participant, and cause to purchase of a number of shares of the underlying actively managed mutual fund of the investment company, with a value of the number of shares of the underlying mutual actively managed fund being substantially equal in value to the value of the determined group of financial assets. The MEM also includes instructions to access a fund module to receive and process data from the underlying actively managed fund to determine a preferred medium of exchange, and causing said transaction processing module to execute said purchase order in accordance with said preferred medium of exchange.

US Patent:

20150112849, Apr 23, 2015

Filed:

Sep 19, 2014

Appl. No.:

14/490855

Inventors:

- Boston MA, US
Ian P. Johnson - Westborough MA, US

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

Selling exchange-traded fund (“ETF”) shares by an investment company receiving a pre-determined group of financial assets from an authorized participant in exchange for a number of ETF shares, the number of ETF shares corresponding to the group of financial assets, and the investment company purchasing a number of shares of an underlying fund, the number of shares corresponding to the group of financial assets.Redeeming ETF shares with an investment company holding a number of shares of an underlying fund by receiving ETF shares from an authorized participant, and redeeming the number of shares of the underlying fund for a first group of financial assets; obtaining a second group of financial assets; and transferring the second group of financial assets to the authorized participant.