Method of and system for trading of synthetic assets

Abstract

A method of and system for trading of synthetic assets is disclosed. A plurality of fractional interests in a synthetic asset are created, and the plurality of fractional interests are designated as IPO fractional interests. An initial price of the plurality of fractional interests is determined, and the plurality of fractional interests are made available in a primary market. A first user indicates a desire to acquire at least one of the plurality of fractional interests and provides funds. The fractional interests are transferred to an account associated with the first user and a portion of the funds are designated m reserved funds. A second user submits a request indicating a desire to acquire at least one of the plurality of fractional interests. The reserved funds of the first user are as free funds of the first user, and free funds of the second user are transferred to the first user. The fractional interests of the first user are transferred to the second user.

1 - 22 . (canceled) 
     
     
         23 . An apparatus comprising:
 at least one processor; and   at least one non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:
 create a plurality of interests in an intangible representation of a person; 
 determine an initial price of the plurality of interests based on a demand for the plurality of interests; 
 make the plurality of interests available in a primary market for the interests at the initial price; 
 receive an acquisition request from a user indicating a desire to acquire at least one of the plurality of interests; 
 provide the user with the at least one of the plurality of interests; 
 enable secondary trading of the plurality of interests so that the user may trade the at least one of the plurality of interests to another user. 
   
     
     
         24 . The apparatus of  claim 23 , in which the apparatus is caused to:
 periodically generate a query to locate subsequently placed orders to match in the secondary market.   
     
     
         25 . The apparatus of  claim 23 , in which the number of the plurality of interests is determined based on the number of requests from users indicating a desire to acquire at least one of the plurality of interests. 
     
     
         26 . The apparatus of  claim 23 , in which the apparatus is caused to:
 designate the plurality of fractional interests as IPO fractional interests in the primary market when provided to the user;   receive a purchase request from a second user indicating a desire to acquire the at least one of the plurality of fractional interests;   transfer the at least one of the plurality of fractional interests from the user to the second user; and   in response to said transferring, remove the IPO fractional interest designation from the plurality of fractional interests.   
     
     
         27 . The apparatus of  claim 26 , in which the apparatus is caused to:
 receive funds from the user; and   designate a portion of the received funds as reserved funds of the user in response to providing the user with the at least one of the plurality of interests.   
     
     
         28 . The apparatus of  claim 27 , in which the apparatus is caused to:
 designate the reserved funds as free funds of the user in response to said transferring.   
     
     
         29 . The apparatus of  claim 23 , in which the apparatus is caused to:
 at least one of increase a number of the plurality of interests in the secondary market and decrease a price of the plurality of interests in the secondary market when a price of the plurality of interests reaches a pre-determined maximum price.   
     
     
         30 . The apparatus of  claim 23 , in which the apparatus is caused to:
 at least one of decrease a number of the plurality of interests in the secondary market; and increase a price of the plurality of interests in the secondary market when a price of the plurality of interests reaches a pre-determined minimum price.   
     
     
         31 . The apparatus of  claim 23 , wherein the initial price of the plurality of interests is set to zero. 
     
     
         32 . An apparatus comprising:
 at least one processor; and   at least one non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:
 provide a user with access to data associated with an intangible representation of a person; 
 prompt the user to submit a request to acquire at least one of a plurality of interests for the intangible representation of a person; 
 designate a value to acquire the at least one of a plurality of interests for the intangible representation of a person; 
 notify the user that the at least one of a plurality of fractional interests is transferred to a portfolio in an account associated with the user; and 
 notify the user of the value associated with the at least one of a plurality of interests. 
   
     
     
         33 . The apparatus of  claim 32 , in which the apparatus is caused to:
 maintain the value in the account as reserved funds and mark the at least one of the plurality of interests as an IPO interest until the user trades the at least one of the plurality of interests on a secondary market.   
     
     
         34 . The apparatus of  claim 32 , in which the apparatus is caused to:
 prompt the user to submit a request to sell the at least one of the plurality of interests;   notify the user that a lock is placed onto the at least one of the plurality of interests;   notify the user that the at least one of the plurality of interests is transferred to the portfolio in the account associated with an acquirer of said fractional interests; and   notify to the user that funds are credited to the account associated with the user.   
     
     
         35 . The apparatus of  claim 32 , in which the apparatus is caused to:
 prompt the user to create a personalized profile of data compiled from news related to the intangible representation of a person.   
     
     
         36 . The apparatus of  claim 32 , in which the apparatus is caused to:
 facilitate social networking.   
     
     
         37 . The apparatus of  claim 32 , in which the apparatus is caused to:
 facilitate audio and/or video broadcasting and conferencing.   
     
     
         38 . The apparatus of  claim 32 , wherein, the data associated with the intangible representation of the person comprises at least one of: an asset identifier, a price, a number of fractional interests, a total market capitalization, a percentage ownership, a funds position summary, a transaction summary, a portfolio summary, and a data ticker. 
     
     
         39 . The apparatus of  claim 38 , wherein the data includes the data ticker and the data ticker is a real-time value crawl showing the change in value of the intangible representation of the person. 
     
     
         40 . The apparatus of  claim 32 , in which the apparatus is caused to:
 provide the user with access to an advertising and product-purchase section that is used for advertising of at least one a product and a service; and providing the user with the ability to purchase the at least one of the advertised product and service.   
     
     
         41 . An apparatus comprising:
 at least one processor; and   at least one non-transitory medium having stored thereon a plurality of instructions that when executed by the processor cause the apparatus to:
 receive an offer to sell at least one of a plurality of interests in an intangible representation of a person, wherein the offer to sell comprises a first price and a first number of interests; 
 receive an acquisition request from a user indicating a desire to acquire the at least one of the plurality of interests, wherein the acquisition request comprises a second price and a second number of interests; 
 in response to determining that first price matches the second price, executing a trade by:
 designate a cost to fulfill the acquisition request as reserved funds with an account associated with an acquirer of the interests; 
 
 place a lock onto the second number of interests with a portfolio associated with a seller of the interests; 
 transfer reserved funds from the account associated with the acquirer to the account associated with the seller; and 
 transfer the second number of interests from the portfolio to the account. 
   
     
     
         42 . A method comprising:
 receiving, by a computing device, an offer to sell at least one of a plurality of interests in an intangible representation of a person, wherein the offer to sell comprises a first price and a first number of interests;   receiving, by the computing device, an acquisition request from a user indicating a desire to acquire the at least one of the plurality of interests, wherein the acquisition request comprises a second price and a second number of interests;   in response to determining that first price matches the second price, executing, by the computing device, a trade by:
 designate a cost to fulfill the acquisition request as reserved funds with an account associated with an acquirer of the interests; 
 place a lock onto the second number of interests with a portfolio associated with a seller of the interests; 
 transfer reserved funds from the account associated with the acquirer to the account associated with the seller; and 
 transfer the second number of interests from the portfolio to the account.