US Patent Issued to Innovator Capital Management on March 17 for "System and method for offering structured defined outcome investing in an exchange-traded fund" (Illinois Inventors)

ALEXANDRIA, Va., March 17 -- United States Patent no. 12,579,577, issued on March 17, was assigned to Innovator Capital Management LLC (Wheaton, Ill.).

"System and method for offering structured defined outcome investing in an exchange-traded fund" was invented by H. Bruce Bond (Wheaton, Ill.), John Wilder Southard Jr. (Wheaton, Ill.) and Graham Alexander Day (Wheaton, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A computer-based apparatus for managing data based on performance of an underlying securities index including a memory element of a computer configured to store computer executable instructions and a processor for the computer, configured to execute the computer readable instructions to recei...