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 as 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 . (canceled) 
     
     
         2 . 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 at least one processor cause the apparatus to:   receive from a first computing device a request to create interests in an intangible representation of a person, wherein the request comprises a number of the interests to create and an initial price of each of the interests;   transmit a first web-based graphical user interface to the first computing device;   display via the first web-based graphical user interface an indication that interests in the person are available for purchase at the initial price;   receive an acquisition request from the first computing device indicating a desire to acquire at least one of the interests in the person at the initial price;   responsive to the acquisition request, determine whether a first electronic account has enough available funds to fulfill the acquisition request;   when the first electronic account has enough available funds to fulfill the acquisition request, transfer to the first electronic account at least one of the interests in the person and reduce the available funds in the first electronic account based on a number of interests acquired;   responsive to the transfer, display via the first web-based graphical user interface an indication of the number of acquired interests in the person and an amount of the available funds in the first electronic account;   subsequent to acquiring interests in the person, receive from the first computing device a request to sell a number of interests in the person, wherein the request to sell indicates a number of interests to sell and a sales price at which to sell the interests;   transmit a second web-based graphical user interface to a second device;   display via the second web-based graphical user interface in the second computing device an indication of the request to sell;   receive from the second computing device a request to buy interests in the person, wherein the request to buy indicates a number of interests to buy and a purchase price;   responsive to the request to buy, determine whether a second electronic account has enough available funds to fulfill the request to buy;   determine whether a selling price of the request to sell and a purchase price of the request to buy match;   responsive to determining that the selling price and the purchase price match, transfer interests in the person from the first electronic account to the second electronic account, wherein the transfer includes to remove from the first electronic account interests in the person sold via the first computing device and to add to the second electronic account interests in the person purchased via the second computing device; and   responsive to the transfer, display via the first web-based graphical user interface an indication of the number of interests in the person contained in the first electronic account and display via the second web-based graphical user interface an indication of the number of interests in the person contained in the second electronic account.   
     
     
         3 . The apparatus of  claim 2 , in which the instructions, when executed by the at least one processor, further cause the apparatus to:
 when the selling price and the purchase price do not match, periodically determine whether subsequently placed buy orders match the request to sell.   
     
     
         4 . The apparatus of  claim 2 , in which the number of the interests to create is determined based on a number of received requests to buy interests in the person. 
     
     
         5 . The apparatus of  claim 4 , in which the instructions, when executed by the at least one processor, further cause the apparatus to:
 designate a portion of the available funds as reserved funds in response to transferring to the first electronic account at least one of the interests in the person, an amount of the reserved funds being equal to an amount by which the available funds are reduced.   
     
     
         6 . The apparatus of  claim 5 , in which the instructions, when executed by the at least one processor, further cause the apparatus to:
 designate the reserved funds as available funds in response to the transfer from the first electronic account to the second electronic account.   
     
     
         7 . The apparatus of  claim 2 , in which the instructions, when executed by the at least one processor, further cause the apparatus to:
 increase a number of the interests in the person or decrease a price of the interests in the person when a market price of the interests reaches a pre-determined maximum price.   
     
     
         8 . The apparatus of  claim 2 , in which the instructions, when executed by the at least one processor, further cause the apparatus to:
 decrease a number of the interests in the person or increase a price of the interests in the person when a price of the interests reaches a pre-determined minimum price.