Dynamic Trading Services For Passive Investors

摘要

A dynamic trading investment product and techniques for administering such a product are described. The dynamic trading investment product holds at least one security and includes establishing a dynamic trading investment product account for an investor, receiving from an investor a budget parameter established by the investor for the security, monitoring by one or more computers the price of the security during secondary trading on a trading venue, determining by one or more computers according to the monitored price and target growths whether to issue orders to buy or sell the security; and when determined to issue orders, issuing orders to buy or orders to sell the according to the monitored price and target growths, and adding shares to or removing shares from the dynamic trading investment product of the investor according to whether the issued orders are orders to buy or sell the security.