Brett J Colaiacovo

US Patent:

20090254489, Oct 8, 2009

Filed:

Feb 1, 2009

Appl. No.:

12/363771

Inventors:

Viktor Geller - Brooklyn NY, US
Joann Howard - Woodbury NY, US
Brett Colaiacovo - Hackensack NJ, US
Daniel Cohen - New York City NY, US
Jodi-Lynn Weber - New York City NY, US
Aaron Hether - Elizabeth NJ, US
Seva Zalavsky - Maplewood NJ, US

International Classification:

G06Q 40/00

US Classification:

705 36 R

Abstract:

The disclosure details of the implementation of an APPARATUSES, METHODS AND SYSTEMS FOR A PERIODIC AUCTION RESET SECURITIES OPTIMIZATION ENGINE (hereinafter “OPTIMIZER”). The disclosure teaches an OPTIMIZER, which provides dynamic management of one or more portfolios of securities, in particular, portfolios of Periodic Auction Reset Securities (PARS). The OPTIMIZER allows for the specification of rules for investor accounts by which optimization of this type of portfolio may occur. The OPTIMIZER allows financial institutions or other wealth management entities to easily maintain and invest in PARS holdings for multiple accounts. In one implementation, the OPTIMIZER provides for the maintenance of a large number of separate accounts that contain only PARS. In one embodiment, the OPTIMIZER centralizes the maintenance of PARS positions. In another embodiment, the OPTIMIZER allows management of central PARS accounts in line with guidelines specified in one or more account profiles. In a further embodiment, the OPTIMIZER may allow sales traders and/or the like to specify additional guidelines. In some embodiments, the OPTIMIZER automates account analysis, trade generation and/or participation in the auction process. As such, the OPTIMIZER may create additional bandwidth for sales traders and increase management efficiency.

US Patent:

20130246242, Sep 19, 2013

Filed:

Jan 11, 2013

Appl. No.:

13/739614

Inventors:

Joann Howard - Woodbury NY, US
Brett Colaiacovo - Hackensack NJ, US
Daniel Cohen - New York City NY, US
Jodi-Lynn Weber - New York City NY, US
Aaron Heller - Elizabeth NJ, US
Seva Zaslavsky - Maplewood NJ, US

Assignee:

Goldman, Sachs & Co. - New York NY

International Classification:

G06Q 40/04

US Classification:

705 37

Abstract:

Dynamic management of one or more portfolios of securities, in particular, portfolios of Periodic Auction Reset Securities (PARS) is disclosed. The dynamic management for the specification of rules for investor accounts by which optimization of this type of portfolio may occur and allows financial institutions or other wealth management entities to easily maintain and invest in PARS holdings for multiple accounts. For example, the dynamic management systems and methods can provide for the maintenance of a large number of separate accounts that contain PARS, centralize the maintenance of PARS positions, allow management of central PARS accounts in line with guidelines specified in one or more account profiles, allow sales traders to specify additional guidelines, and/or automate account analysis, trade generation and/or participation in the auction process.