SYSTEMS, METHODS AND COMPUTER PROGRAM PRODUCTS FOR ADAPTIVE TRANSACTION COST ESTIMATION

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United States of America Patent

SERIAL NO

13423553

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Abstract

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A system, method and computer program product are provided for forecasting the transaction costs of a trade using empirical data and user-defined modeling constraints based on real-time data regarding changes in market conditions. In preferred embodiments, the invention acts as a forecaster whereby it accepts inputs from customers and identifies real-time market analytics, and provides dynamically adjusted ex ante cost estimates and metrics for the prevailing market conditions. Specific cost estimation and optimization algorithms can be provided to model transaction costs of a specific trade based on empirical data and real-time variables.

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Patent Owner(s)

Patent OwnerAddress
VIRTU ITG SOFTWARE SOLUTIONS LLC400 CORPORATE POINTE 6TH FLOOR CULVER CITY CA 90230

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
BORKOVEC, Milan Boston, US 16 276
DOMOWITZ, Ian New York, US 26 233
El-GAMAL, Mahmoud Sugar Land, US 3 8
HEIDLE, Hans G Quincy, US 7 53
SCHWEIGER, Aaron Brookline, US 6 25
TYURIN, Konstantin Quincy, US 2 8

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