METHOD FOR AGENCY COST ESTIMATION

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United States of America Patent

APP PUB NO 20140195406A1
SERIAL NO

14160212

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method for forecasting the transaction cost of a portfolio trade execution that may be applied to any given trading strategy or an optimal trading strategy that minimizes transaction costs. The system accepts user-defined input variables from customers and generates a transaction cost estimation report based on those variables. Two models are utilized: discretionary and non-discretionary. A specific transaction cost estimation and optimization is performed that model the transaction costs of a specific trade execution based on the user's trading profile and market 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
Heidle, Hans New York, US 5 96
Madhavan, Ananth New York, US 25 197

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